FTS Recovery, a Milton Keynes, UK-based licensed insolvency practitioners firm, acquired Whiteley, a Fareham, UK-based licensed insolvency firm Beacon LlP Ltd.
The amount of the deal was not disclosed.
This is FTS Recovery’s second acquisition within the year. It follows the acquisition of business rescue and insolvency practitioners, FA Simms, in January 2024. With the new deal, FTS Recovery will expand its offerings and its international presence in the UK and will now widen their geographic scope to include Essex, Basingstoke, Poole, Alton and Whiteley.
Led by Matthew Fox and Cheryl Brown, Beacon LIP provides corporate and personal insolvency solutions.
Led by Marco Piacquadio, Director and Head of FTS Recovery, FTS is a a national firm of licensed insolvency practitioners that provides advisory and formal insolvency, as well as business turnaround and recovery solutions, for all types of corporate and personal matters. The team has a track record of assisting a variety of stakeholders which include directors, shareholders, employees, lenders, charge holders, Private Equity (PE), Venture Capital (VC) and Family Offices.
FinSMEs
03/09/2024