Fusion Consulting Group, a London-based professional services group, has completed its fifth acquisition of 2023 with the purchase of Lovett’s Accountants.
The firm, which was founded in 2015 by Mitch Young and Adam Maurice, provides a broad range of services, such as international taxation, business advisory, accounting, financial services, legal services, recruitment and digital marketing.
The acquisition of Hatfield-based Lovetts Accountants will bolster Fusion’s existing accountancy division, and will add 600 clients and more than 15 staff to their roster.
The acquisition was made possible by an M&A war-chest received from SME Capital last October, and is part of Fusion’s plan to disrupt the professional services sector.
The Lovetts purchase brings the group to a run-rate revenue of £7 million with over 90 staff across six offices.
Adam Maurice, Director of Fusion, commented: “I am delighted to announce our latest acquisition. Lovetts has a well established client base which will benefit from our 360o advisory services and I am very pleased to also announce Chris Garbett’s promotion to Head of Fusion Accountancy – Hatfield. I look forward to welcoming Chris, Paul and the rest of the Lovetts team into the group.”
Paul Skipper, Managing Director of Lovetts, said: “I believe that this represents a really positive move for our clients and for our staff and is something that we have been working towards over the last few years. For our current clients we can carry on looking after each of you as individuals whilst being able to offer you a broader range of services and for our prospective clients we have so much more to offer than you will get elsewhere”.
Fusion Consulting Group is looking to create a joined-up, multi-disciplinary offering for private clients and SME businesses to abolish the ‘advisory gap’ that has become customary when working with multiple advisors.
Mitch Young, Co-Founder of Fusion, added: “We are excited to add Lovetts to our portfolio. Our goal is to put our clients at the heart of everything we do and Lovett’s client base will now benefit from being able to tap into a broader range of skills and experience whilst continuing to retain the personal relationships built directly with the existing team.”
London-based professional services group Fusion Consulting Group has announced the acquisition of Lovett’s Accountants, their fifth acquisition of 2023. The purchase will add 600 clients and more than 15 staff to their roster, bringing their run-rate revenue up to £7 million with over 90 staff across six offices.
Adam Maurice, Director of Fusion, said: “I am delighted to announce our latest acquisition. Lovetts has a well established client base which will benefit from our 360o advisory services and I am very pleased to also announce Chris Garbett’s promotion to Head of Fusion Accountancy – Hatfield. I look forward to welcoming Chris, Paul and the rest of the Lovetts team into the group.”
Paul Skipper, Managing Director of Lovetts, commented: “I believe that this represents a really positive move for our clients and for our staff and is something that we have been working towards over the last few years. For our current clients we can carry on looking after each of you as individuals whilst being able to offer you a broader range of services and for our prospective clients we have so much more to offer than you will get elsewhere”.
Mitch Young, Co-Founder of Fusion, added: “We are excited to add Lovetts to our portfolio. Our goal is to put our clients at the heart of everything we do and Lovett’s client base will now benefit from being able to tap into a broader range of skills and experience whilst continuing to retain the personal relationships built directly with the existing team.”
Fusion Consulting Group, which was founded in 2015 with the aim of providing a broad range of professional services for private clients and SMEs, has completed its fifth acquisition of 2023 with the purchase of Lovett’s Accountants. The firm is looking to create a joined-up, multi-disciplinary offering to abolish the ‘advisory gap’ that has become customary when working with multiple advisors.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.