Acquisition

RNS Number : 6146V

Begbies Traynor Group PLC

04 November 2010

 



4 November 2010

Begbies Traynor Group plc

Acquisition

Begbies Traynor Group plc (the "Group"), the specialist professional services consultancy, today announces the acquisition of Hamiltons, a Sheffield based firm of business recovery and insolvency practitioners.

Hamiltons, a well established and regarded firm, is run by two partners, who will both be joining the Group (as partners). The firm specialises in all types of business recovery and insolvency procedures, as well as offering advice to companies and individuals who believe they may be heading towards, or are already in, financial difficulty.

The business will be integrated into the Group`s existing insolvency operation and will help to grow the presence in the South Yorkshire market. It is planned to grow the new office by recruiting additional senior staff.

Ric Traynor, Executive Chairman of Begbies Traynor Group said:

"The acquisition of Hamiltons represents an opportunity to acquire a successful and well regarded business that fits well with our existing operations. It is consistent with our strategy of considering both organic investment and acquisition opportunities, principally in the insolvency and restructuring sector."

Enquiries please contact:

Begbies Traynor Group PLC	0161 837 1700
Ric Traynor - Executive Chairman Nick Taylor - Acting Finance Director
Shore Capital & Corporate Ltd	020 7408 4090
Andrew Raca
MHP Communications	020 3128 8100
Reg Hoare / Katie Hunt

Information on Begbies Traynor Group can be accessed via the Group's website at www.begbies-traynorgroup.com

 

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