Fast-growing Manchester firm the AMS Accountants Group has bought mid-market corporate finance boutique Seneca Corporate Finance - and says more deals are on the way.
The deal is part of AMS' strategy to grow its presence in the corporate finance market through a combination of both organic growth and bolt-on acquisitions.
Following this deal, Seneca Corporate Finance will be rebranding while seller Seneca Partners, the Merseyside-based investment management firm, will focus on its core investment management business.
Seneca Corporate Finance's team advises business owners and management teams within the mid-market that are seeking to sell, acquire or raise capital and debt for their businesses.
AMS says its corporate finance network has a strong pipeline of work and that it will look to strengthen the team with "a number of senior hires".
It says it is in "active conversations to acquire" a transactions services firm and a debt advisory firm to broaden its offering.
Ebrahim Sidat, CEO of AMS Accountants Group, said: "Gordon and the team have established a great reputation within the mid-market corporate finance market and we are excited about being able to offer our clients and network good quality corporate finance advice.
"The AMS Group as a whole has strong organic growth, which has been bolstered by three strategic acquisitions this year (including a tax disputes and investigations business and a tax law firm), with three more currently in legals to complete by the end of year.
"We have doubled our staff count this year alone and have many positions available across the group for ambitious individuals that are looking to take more control over their career progression and ‘be the best they can be.
"We look forward to completing the end of the year with unprecedented growth for the AMS Group and more importantly, a fantastic management team, forging the foundation for sustainable future growth."
Gordon Lane, managing director of Seneca CF, said: "We are delighted to be joining the AMS Group as we see a strong cultural fit centred around core values such as client satisfaction and employee empowerment. We have a strong team and a pipeline of work which will only be enhanced by the quality client base within the AMS Group.
"As a leadership team we have ambitious growth plans to become the leading mid-market corporate finance team in the North-west and the capital base to make it happen.
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