FRP has acquired Arc & Co for a cash consideration of £6.65m as it continues to expand its national offering.

Arc & Co provides financial advisory services to UK and international clients in the real estate sector, including structure debt and equity solutions on residential development, commercial development and long-term income-producing assets of all sizes.

As part of the deal, FRP will pay an initial £4.85m for the firm, split between cash and the issue of new ordinary shares, with a value of approximately £1.8m with any future performance based earn-out payable in cash.

Arc & Co’s two directors and co-founders, Andrew Robinson and Edward Horn-Smith, will join FRP as partners, along with all 18 members of the Arc & Co team.

Following the acquisition, FRP intends to launch a sixth service pillar, FRP Real Estate Advisory. This will combine Arc & Co’s expertise with the firm’s existing real estate experience to deliver an integrated offering to help boards, lenders and advisors in the sector create and realise value.

The deal marks FRP’s fifteenth acquisition since its IPO in March 2020.

Chief executive officer at FRP, Geoff Rowley, said: "Arc & Co’s expertise broadens our existing Real Estate capabilities. In launching FRP Real Estate Advisory as a service pillar we bring these specialists together in order to better serve clients with their Real Estate requirements. We consider this acquisition will allow FRP to deepen relationships across the Real Estate sector, with increased opportunities for revenue generation across the Group.

"Andrew, Ed and the team have built a great reputation and we’re pleased to welcome them to FRP. They share our values and will make a strong contribution as we continue to grow."

In the year to 30 June, Arc & Co reported revenue of £5.4m and earnings of £1.6m. Following the acquisition, it is expected to contribute £6m in revenue and £1.1m in earnings from the 2027 financial year.

Co-founder at Arc & Co, Andrew Robinson, added: "We are delighted to be joining FRP and are excited at the opportunities that being part of FRP presents for our team and our clients. We are all immensely proud of what we have achieved as a team at Arc & Co and being part of FRP will be a strong platform to enable us to offer a broader range of services to our clients and strengthen our reach across the UK through its nationwide office network.

"We are confident that by building upon our shared values of quality and professionalism with FRP we will accelerate our growth."

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