Become a Partner Firm
Accru Partners combines the best of two worlds – local autonomy and continuity, with the scale and resources of a larger organisation.
Accru Partners’ central value creation team, including dedicated resources in each market, invests in various initiatives to support our firms in their ongoing growth. Initiatives are prioritised based on common topics across firms, where central resource and investment can bring the most value for our group. Such initiatives include implementation of AI & tech enabled efficiency, commercial support, Accru academy learning & development, and compliance & quality process.
Criteria
What are we looking for?
We are looking for entrepreneurial and high-quality firms that provide one or several of our core services – accounting, audit, tax and related advisory – to small and medium sized customers.
We assess new Accru Partners firms on the basis of Quality, Culture and Financials:
Quality
Accru Partners firms are leaders in their local regional market or niche, they have high competence staff and provide great service to loyal customers, evidenced by high retention rates
Culture
Accru Partners firms are operated by entrepreneurial leaders with sound values who build a strong organisation, with low employee turnover
Financials
As a result of high quality and a strong culture, Accru Partners firms operate with strong profitability and growth. In terms of size*, we focus on firms with revenues in £4-20 million range, with a minimum size of £2.5m in revenue and a team of 20 employees
1 *There are no strict size criteria for add-on acquisitions, which are integrated into an existing Accru Partners firm. These acquisitions span small customer transfers from retiring professionals looking to hand over their customers to a safe home, to smaller businesses that provide a meaningful expansion opportunity for Accru Partners firms. If your company falls outside the size criteria outlined above but otherwise would be a good fit for an existing Accru Partners firm, do not hesitate to reach out, either to the contacts listed below or to the relevant Accru Partners firm directly.
Process
What are the main steps to becoming an Accru Partners firm?
On the basis of the ~100 acquisitions completed to-date, we have developed a standardised yet pragmatic and streamlined acquisition process. From Accru Partners side, each acquisition is managed by an experienced M&A Lead with full overview of the transaction to ensure we can move quickly through the main steps outlined below.
- Introduction & initial information sharing, focusing on the most important metrics and readily available data
- Bid outlining valuation and structure, and key assumptions
- Non-binding Letter of Intent with all commercial points agreed
- Due diligence covering key areas across financial, tax, legal and compliance. Sale and purchase agreement and other key legal documents based on standard templates
- Signing and Closing
- Part of Accru Partners! Onboarding to financial reporting and relevant country resources
Contact
Who do I reach out to?
Dav Singh
M&A Director
dav.singh@ accrupartners.com
Nick Bachmatiuk
M&A Director
nick.bachmatiuk@ accrupartners.com
