FRP Advisory has announced the acquisition of One Advisory in a deal worth up to £8.1m.

The agreement is made up of a consideration worth £5.6m, plus an additional amount for the net assets acquired on completion, worth approximately £2.5m.

FRP is a specialist business advisory firm that provides corporate finance, debt, restructuring, and financial advisory services. The firm said the acquisition was in line with a strategy to generate sustainable profitable growth by combining a “focus on organic growth with acquisitions that meet the group’s selective criteria”.

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

FRP CEO, Geoff Rowley, 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.”

One Advisory founder, Matt Wood, 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 One Advisory and being part of FRP will be a solid platform to enable us to offer a broader range of services to our clients.

“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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