1st Jul 2014 08:38
LONDON (Alliance News) - Fairpoint Group PLC said Tuesday it has acquired Bristol-based law practice, Foster and Partners in a deal worth up to GBP0.4 million.
The consumer professional services company said that the acquisition is payable on deferred terms over a two year period. The transaction is expected to be earnings enhancing.
Fairpoint Group said the deal is in line with its programme of consolidation in the legal service marketplace and follows the completion of the acquisition of Simpson Millar LLP on June 17, 2014.
Fosters, which specialises in family law, generated revenues of GBP1.2 million in 2013.
Shares in Fairpoint Group were Tuesday quoted at 133 pence per share, untraded.
By Alice Attwood; [email protected]; @AliceAtAlliance
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