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Azets has announced the acquisition of chartered accountants Moore South’s Restructuring and Insurance (R&I) team.
The acquisition includes the team’s current clients and will enhance Azets’ “restructuring and insolvency capabilities”.
The team consists of licenced insolvency practitioners and restructuring specialists covering Southern England from Azets’ Southampton office as well as its offices in Bournemouth, Fareham, Havant, Portsmouth, Romsey and Winchester.
According to Azets, the latest strategic acquisition now “creates a significant one-stop shop presence serving businesses and individuals across the Solent region”.
Moore’s R&I team, specialises in helping companies experiencing financial distress or facing closure with restructuring and rescue options.
In addition, it offers specialist advisory services to assist organisations in making better long term and effective, strategic business decisions. These services include debt restructuring, refinancing and forensic investigation.
As part of the deal, current leaders of Moore South’s R&I practice, Duncan Swift and Chris Tate, will move to Azets.
Colin Haig, head of restructuring and insolvency at Azets, said: “We are thrilled to welcome Duncan, Chris and their team to Azets. The team’s excellent local reputation and expertise combined with Azets’ local and international presence demonstrates our commitment to the Solent region.
“This latest move is a good example of how our M&A strategy underpins our overall organic growth plan at Azets and we hope to announce more strategic acquisitions this year as we continue to build our brand in the UK.”
