South West accountancy and wealth management firm Old Mill has acquired Somerset financial outsourcing business Brook Financial for an undisclosed sum.
The deal is the first of a number of acquisitions that will support Old Mill as it targets 15% yearly growth for the next five years, the company said. The group, which is headquartered in Yeovil and also has offices in Chippenham, Exeter and Wells, is looking to expand its workforce to 600 by 2026.
Brook Financial was launched by husband-and-wife team Alison and Kevin Smith in 2006. The firm provides a variety of outsourced financial services, including a back office finance team function, cashflow management, consultancy and payroll.
