FRP Advisory acquires One Advisory Group in £8m deal

FRP Advisory has announced the acquisition of One Advisory Group for a consideration of £5.6m plus an additional amount for the net assets acquired on completion of approximately £2.5m.

The total consideration for the acquisition is split between cash of approximately £6.5m and the issue of new ordinary shares with a value of approximately £1.6m.

One Advisory is based in the City of London and provides financial reporting and transaction advisory and governance services to more than 100 UK and International clients, the majority of whom are listed on the London Stock Exchange.

One Advisory’s team comprises 41 staff, all of whom will join FRP, including the firm’s three directors, Matt Wood, Laura Nuttall and Michael Butler, who will join as partners.

FRP stated that the acquisition was in line with its strategy to generate sustainable profitable growth by combining a focus on organic growth with acquisitions that meet the group’s selective criteria.

The deal broadens FRPs transactional service offering while expanding its geographical reach and adding new governance advisory capabilities. It is the group’s 14th acquisition since its IPO in March 2020.

Geoff Rowley, CEO of FRP Advisory, said: “This acquisition further strengthens our national financial advisory business. One Advisory will continue to provide governance advisory services under their existing brand and their financial reporting and transaction advisory team will go to market as FRP. We are pleased to welcome Matt, Laura, Michael and the team to FRP; they share our values and I have no doubt will make a strong contribution, as we continue to grow.”