Coopers Parry is a firm that has provided professional accounting and advisory services for decades. The firm has agreed on the takeover of MacroFin, a financial technology consultancy. The acquisition enhances Cooper Parry’s ambitious growth plan as the firm increases to 1,400 professionals.
Cooper Parry, established in 1850, has grown exponentially over the last two years and during this journey adopted an aggressive expansion strategy. It has made 11 acquisitions within less than two years of time, out of which it aims to deliver a group turnover of £185 million for the current financial year and its acquisition of MacroFin aligns perfectly with its growth trajectory.
MacroFin is a net-suitability ERP implementing consultancy that supports everything related to the solutions in which it is implementing and is only the company’s second acquisition in the world of digital technology, having invested in a few weeks ago in salesforce consultancy Cloud Orca.
Cooper Parry CEO, Ade Cheatham, termed the deal a strategic play in further securing its position in the digital and technology sectors. It further supports its aim to become a “next-gen professional services group.” Commenting on the growing momentum throughout the UK, Cheatham referenced the previous transformative purchases in Manchester and Thames Valley as examples of the firm’s continued expansion. “Ross, Steve, and the MacroFin team have built an outstanding business, and this deal is a key addition to our tech portfolio,” Cheatham said in a statement.
MacroFin has offices in London, Manchester, and the Thames Valley for Cooper Parry UK. Its international footprint continues to expand further with the presence of MacroFin in the Philippines. MacroFin cuts across sectors in terms of expertise, covering fintech, professional services, and financial services.
MacroFin Chief Executive and co-founder Ross Latta is celebrating the union already. According to him, the similarity in ambition in growth and delivering value for clients cannot be ignored. “We are excited about the opportunities this acquisition brings to our team and look forward to working with Cooper Parry as we continue to expand,” Latta said.
Consulting M&A, a mergers and acquisitions firm specializing in both consulting and IT services sectors, advised on the transaction. Bruce Ramsay, Managing Director at Consulting M&A, mentioned that the firm was glad to support the deal and highlighted the good teamwork between the teams involved.
This further strengthens Cooper Parry’s expansion, which encompasses over 1,450 professionals across its network of hubs. The 40 employees working with MacroFin will join the continued growth workforce when the acquisition takes place.
