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Mergers success for MGI member firms

9th July 2013

MGI World MGI Worldwide UK & Ireland Area news item, folded newspapers image

There is exciting news for MGIUK&Irelandthis quarter, with no fewer than three member firms successfully completing mergers. In all cases, clients of the firms acquired will benefit from the additional skills and expertise of an MGI firm, particularly in relation to tax planning and international business.

Carter Backer Winter (CBW) has merged with accountants and tax specialists Blackstone Franks. The merger, the second by CBW in the past 18 months, will boost CBW’s business advisory team with the addition of one of the industry’s most recognised figures – Robert Maas, one of theUK’s leading property tax experts.

The merger, which completed on 1 July 2013, will bring CBW’s complement to 16 partners/consultants and 100-plus staff. The newly created unit will trade as CBW Blackstone Franks but the firm as a whole will continue to be known as CBW.

Peter Winter, managing partner at CBW, said: “CBW’s strategy is to grow both organically and with the selective addition of highly regarded specialist practices. We are all about providing a firm that delivers the sort of expertise you would normally expect to find in a very large firm, but combined with a strong partnership ethos and hands-on partner involvement.”

Milsted Langdon has further expanded by merging with another practice inBristol, Geoff Gollop & Co Limited.

Under the merger, which completed on 31 May, all staff and clients from Geoff Gollop & Co have transferred to Milsted Langdon’s office atOne Redcliff Street, with Geoff himself joining the firm as a director.

The merger came about after Geoff, a former Lord Mayor ofBristol, was asked to continue in his current role as the city’s Deputy Mayor. Keen to ensure his clients continued to receive the same high levels of service, he felt that Milsted Langdon shared his views in terms of its personal approach and quality of service and work provided to clients.

Milsted Langdon partner Roger Isaacs said: “We are delighted to welcome Geoff, his team and his clients to the firm. We look forward to meeting his clients in due course and building on the excellent work that Geoff has been doing for them.

“Everyone has been working hard to ensure a seamless transition and it will be very much business as usual for Geoff’s clients, although they will now be able to benefit from the additional skills and expertise that Milsted Langdon offers.”

Seymour Taylor has merged with Colston Bush, a three-partner firm based in nearby Marlow, whose owners were looking for a succession strategy. The merger completed on 1 July. Senior partner David Postlethwaite will remain during the handover period before retiring, while colleagues Martin Spittle and Ian Petty, along with six members of staff, will join Seymour Taylor.

Simon Turner, managing director of Seymour Taylor, said: “Colston Bush were looking for a firm that shared their ethos and values, as it was very important to them that their clients and staff were looked after. I am very excited that this merger is going to give us a real boost and help us with our exciting expansion plans in theThamesValleymarketplace. We are looking forward to increasing client service offerings to their clients, including international, whilst providing an excellent client service.

“From an MGI perspective, I think it’s fantastic news that three member firms have successfully completed mergers. To me, this demonstrates the appetite of the kind of businesses which should be part of MGI, and the support of managing partners from other MGI member firms has been invaluable throughout the process.”