News

21
Jun

Small Yorkshire Firm Acquired by Alexander Beard Group

Alexander Beard Group (ABG), head-officed from Cheshire with offices in 8 locations, including 5 internationally, have announced the acquisition of Yorkshire-based McGowan Associates.
McGowan Associates manages assets of £35M, with 2 advisers and a paraplanner, in Holmfirth, West Yorkshire, close to ABG’s Leeds office.
The consideration hasn’t been disclosed, however the plan is to keep the brand, business offices and staff – quite an unusual move by an acquirer. Executive Chairman Paul Beard stated the business fitted their strategy of buying smaller practices in key locations.
Commenting on the deal, Beard said: “McGowan Associates are a quality firm with a long history servicing the local private and corporate client and I am equally pleased that its founder.
“We intend to retain their current staff and premises trading under the McGowan Associates name.”