FRP acquires Hilton-Baird Group

FRP has announced the acquisition of Southampton-based firm Hilton-Baird Group.

The business provides commercial finance and credit insurance brokerage, outsourced risk and receivables audit, as well as credit management and commercial debt collection services.

Established in 1997, Hilton-Baird’s clients include independent lenders, banks, SME and corporate businesses as well as insolvency practitioners.

The deal will generate significant additional value across FRP’s Corporate Finance, Restructuring and Financial Advisory practices.

Hilton-Baird will continue to operate under its existing brand while sitting within FRP’s Debt Advisory offer.

Four of the firm’s directors, Alex Hilton-Baird, Evette Orams, Graham Bird and Ian Tramaseur will join FRP as partners.

This deal marks FRP’s ninth acquisition since it was admitted to AIM in 2020.

Geoff Rowley, CEO at FRP, said: “I have worked with Alex and the team for over 15 years and know they share our values. Their reputation in the market is for hard work, honesty and integrity in providing the highest level of service to clients.

“With a track record of over 25 years, they have built an impressive client base which is testament to the quality of their team and dynamic business model. We are delighted to welcome new FRP Partners Alex, Evette, Graham and Ian together with all other Hilton-Baird colleagues to FRP.”

Alex Hilton-Baird, founder of Hilton-Baird, added: “We are delighted to join FRP and are excited to embark on a shared journey, alongside like minded professionals, who share our passion and drive in delivering the best possible outcomes for clients, colleagues and shareholders.

“Building on the strength of our fantastic team, joining FRP will enable us to continue to attract and grow the talent necessary to deliver our market leading brokerage, ABL audit and commercial debt collection services on a national basis, while continuing to grow our direct services to SME, corporate and advisory clients.”