RSM Tenon, the Top 10 accountancy firm, has announced it has acquired the Epsom, London, Leicester advisory offices, the national Financial Management operations, the London Forensic Accounting team and the Thames Valley Recovery office of its public competitor, Vantis.
The acquisition sees circa 300 staff augment the existing substantial RSM Tenon teams, adding up to an estimated £27 million to the firm's annual fee income.
There will be over 190 staff members - including 30 directors - from the Wigmore Street office who will become part of RSM Tenon.
The deal brings significant extra audit, tax and advisory work, especially to RSM Tenon's London operation, reflecting the Group's commitment to growth in the Capital.
RSM Tenon's Financial Management division, already the largest Financial Services arm of any UK accountancy firm, will jump to a Top 20 IFA firm nationally, with over 300 staff operating from offices across the UK.