Lexington Corporate Finance has been acquired by FRP Advisory Group. The move sees Lexington’s founder, Gary Partridge, join FRP as a partner along with all 14 other members of the Lexington team.
FRP Advisory Group is a UK specialist business advisory firm with a team of over 740 people, including 100 partners, spread across 29 offices. It was first established in 2010 and offers a range of advisory services to companies, lenders, investors and other stakeholders, as well as individuals.
The move for Lexington Corporate Finance means that FRP now has its first office in Wales. At the same time, the move opens up new opportunities for the acquired party, too. Being part of FRP will allow for an international reach, enhanced capabilities and new opportunities for growth.
Founded in 2016, Lexington has offices in Cardiff and Bath. The firm’s 15 experts offer strategic advice on everything from growth plans and fund-raising, to acquisitions, company disposals, management buyouts and spin outs.
Founder Gary Partridge said, “We are delighted to be joining FRP and are excited at the opportunities that being part of FRP presents for our team and our clients. We are all immensely proud of what we have achieved as a team at Lexington over the past nine years and being part of FRP will be a launch pad to enable us to offer a broader range of services to our clients. We are confident that by building upon our shared values of quality and professionalism with FRP, we will accelerate our growth”.
Looking ahead, Lexington will transition to branding as FRP Corporate Finance – and unite with the nearby Bristol-based FRP Corporate Finance practice led by Mark Naughton and Tim Spooner. This will strengthen FRP’s position and reinforce the firm as one of the leading corporate finance advisors across the entire Wales and South West region.
Meanwhile, Lexington’s existing senior team of Gary Partridge, Nigel Griffiths, Warren Lewis, Thomas Edwards, Sinead Johnson, Tom Coombes, James Cox and Jim Henderson will all remain in place to provide the same level of advice, expertise and support.
Geoff Rowley, CEO of FRP said, “Wales was a target region for FRP and this acquisition further strengthens our National Corporate Finance business. We are pleased to welcome Gary and the team to FRP; they share our values and I have no doubt will make a strong contribution, as we continue to grow.”
Sourced from Consultancy.uk