Azets, a leading regional accountancy firm, has acquired one of Yorkshire鈥檚 largest independent operators as it takes a first foothold in the region,
Garbutt & Elliott, established in 1896, with offices in Leeds and York, has been bought out.
Employing more than 200 people, with 15 partners, the 拢12 million turnover business will now trade as Azets, a 拢505 million international entity.
Read more:Peacock and Binnington adds North Yorkshire agricultural machinery dealer to the fold
It joins a network of 80 offices as part of the Top 10 海角视频 accounting firm with a strong Nordic and eastern European presence doubling the number.
Chris Horne, chief executive of Azets, said: 鈥淚鈥檇 like to offer a warm welcome to Garbutt & Elliott as they join Azets at an exciting time in our growth. We鈥檙e delighted to create a presence in Yorkshire, adding to our office network in the North of England and across the 海角视频. Garbutt & Elliott鈥檚 strong regional reputation and specialist expertise, combined with Azets鈥 local and international reach opens up a wealth of opportunities for our clients.
鈥淲e believe strongly in the local delivery of services, whilst giving businesses in Yorkshire the opportunity to benefit from our breadth, depth, and experience as an SME focused international accounting, tax, audit, advisory and business services group.
鈥淎cquiring Garbutt & Elliott is a significant milestone on our journey to increase revenue by 50 per cent in the next five years. This acquisition demonstrates our commitment to building the Azets brand and footprint throughout the 海角视频 and Europe.鈥
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The two offices in Yorkshire are based at Park Place in Leeds and Monks Cross in York. Azets already has a strong presence across the North with eight offices in the North East and six in the North West.
Garbutt + Elliott is well known for its annual Food and Drink Awards, championing the very best of the entrepreneurs, manufacturers and producers behind the vibrant Yorkshire food and beverage community.
Russell Turner, managing partner at Garbutt & Elliott, said: 鈥淲e鈥檙e incredibly proud of our heritage and motivated to deliver success throughout the next chapter as part of the Azets family. Having first established 125 years ago, we retain our position as one of the largest chartered accountancy firms in Yorkshire, boosted by joining a 海角视频 Top 10 firm with shared values and beliefs in providing a personal approach to supporting the needs of local and regional businesses.鈥
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