12th May 2025 10:17
(Alliance News) - FRP Advisory Group PLC on Monday announced its acquisition of One Advisory Group, which "further strengthens" its national financial advisory arm.
The London-based business advisory firm said the takeover involves consideration of GBP5.6 million, plus approximately GBP2.5 million for the net assets acquired on completion.
It said the total consideration (approximately GBP8.1 million) will comprise cash of around GBP6.5 million and the issue of new shares worth about GBP1.6 million.
FRP said that purchasing City of London-based One Advisory, its fourteenth acquisition since the initial public offering in 2020, is in line with its strategy to generate sustainable, profitable growth through both selective acquisitions and organic growth.
"This approach enables the group to increase market share, broaden its service offering to clients and expand its geographical footprint to drive growth," the company said. "This acquisition broadens FRP's transactional service offering and adds new governance advisory capabilities."
"This acquisition further strengthens our national financial advisory business," commented FRP Chief Executive Officer Geoff Rowley. "One Advisory will continue to provide governance advisory services under their existing brand and their financial reporting and transaction advisory team will go to market as FRP."
Shares in FRP Advisory were down 1.0% at 130.67 pence in London on Monday morning.
By Emma Curzon, Alliance News reporter
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