A Black Country accountancy practice has become the latest company to join a rapidly expanding finance and business advisory group.
Halesowen-based Nicklin has been bought out by private equity-backed DJH as part of its growth strategy which it hopes will place it among the º£½ÇÊÓƵ's top 20 accountancy firms.
The buyout strengthens DJH's presence in the West Midlands where it already has a base in Walsall alongside its head office in Stoke-on-Trent, alongside a further ten offices across England. Terms of the deal were not disclosed.
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Nicklin's managing director Mark Howell said: "This is a great move for our team and our clients who will now have access to the wider range of services and resources DJH offers.
"We've been serving the Black Country for more than 90 years and we're fiercely passionate about giving companies, owners and GP surgeries transparent financial support to help them grow and create jobs across the region.
"Joining DJH gives us the autonomy to continue doing what we do best, with the benefit of additional capacity and access to experts. There is also the additional infrastructure that comes with being part of a group.
"I'm excited that having more operational support will release our team of 38 accountancy experts to spend even more time with our clients."
DJH is backed by private equity investor Tenzing and has carried out 12 acquisitions in four years, now employing 600 people including 230 in the West Midlands.
The firm provides access to audit, accounting, tax and specialist business advisory services.
Chief executive Scott Heath said: "We are firmly committed to supporting businesses in the West Midlands so, when the opportunity came up to partner with one of the Black Country's most respected and longest standing firms, we jumped at the chance.
"Continuity is extremely important to us, with members of the senior leadership team agreeing to stay on to lead Nicklin in this exciting next chapter of its story."
