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South-West accountancy and wealth management firm Old Mill has officially joined the Kinbrook Group, an accountancy platform backed by private equity firm Blixt, in a deal advised by LAVA Advisory Partners.
The move brings together Old Mill’s established regional presence with Kinbrook’s national growth ambitions. Founded in the 1920s, Old Mill provides accountancy, tax, financial planning and wealth management services to more than 5,000 clients, employing around 350 staff across offices in Exeter, Wells, Chippenham, Yeovil and Ilminster.
News comes after Old Mill approached LAVA Advisory Partners to identify a strategic partner aligned with its values and long-term plans. Following a review process, Kinbrook was selected as a strong cultural and operational fit for the firm.
Mark Neath, chief executive of Old Mill, said: “LAVA were fantastic throughout this process, and we couldn’t be more satisfied with the partnership with Kinbrook. The complexity of the deal meant their professionalism, diligence and expertise were essential to a successful outcome, and they couldn’t have made our lives any easier.”
Hamish Martin, partner at LAVA, added: “We’re so pleased to have been involved in such an important milestone in the journeys of both Old Mill and Kinbrook, and have no doubt that the combined strength of the new proposition will bring them even more success going forward.”
The addition of Old Mill marks a further step in Kinbrook Group’s expansion strategy as it continues to build a nationwide accountancy and advisory network.
