Xeinadin has announced the acquisition of Grunberg, a top 100 accountancy firm based in Colindale, expanding its presence in London and strengthening its specialist tax expertise.
The acquisition adds more than 80 professionals to the group. Grunberg has operated for more than 35 years, advising clients in the property, media and retail sectors.
The Colindale-based practice supports owner-managed businesses and international companies. The move follows Xeinadin’s strategy to increase its regional office network across the UK and Ireland.
As part of the deal, Grunberg will gain access to Xeinadin’s national resources and technology platform. The firm’s nine partners will remain in their roles to lead the practice under the new ownership.
The deal allows Grunberg to offer additional specialist services to its clients. These include research and development tax credits, complex VAT matters and international transfer pricing.
Derry Crowley, chief executive of Xeinadin, said: “Robert, the partners and the team at Grunberg have built strong relationships across London and beyond. Their commitment to taking their people with them on this next chapter speaks volumes.
“London is a vital part of our growth strategy, and bringing in a team with Grunberg’s reputation and client reach strengthens our ability to support businesses in the capital with advice that’s both expert and personal.”
Robert Bean, managing partner at Grunberg, added: “This move gives us the backing and breadth we need to grow with confidence. We’ve always had big ambitions, and to double in size over the next few years; we knew we needed to bring in a partner that could support that journey.
“Joining Xeinadin brings national scale, additional specialist knowledge and operational resources, all while allowing us to maintain the client relationships and culture that define who we are. Crucially, this is a step forward for the whole team.”
