Begbies Traynor continues acquisition strategy with £2.35m deal

Corporate restructuring specialist Begbies Traynor Group has bolstered its insolvency practice with the acquisition of a London-based firm.

The group has acquired the entire issued share capital of Alexander Lawson Jacobs Limited (ALJ), which is based in Muswell Hill, for a total consideration of £2.35m.

In addition, contingent consideration of up to £4m will become payable dependant on the achievement of financial targets for the business in the five year period following completion.

The deal follows the group’s recent acquisitions of Ernest Wilson and Regeneratus, and is part of its wider expansion strategy.

Ric Traynor, executive chairman of Begbies Traynor Group, commented: “I am very pleased to welcome the Alexander Lawson Jacobs team to the group.

“They are an experienced team with a strong recent growth record, which will enhance our existing strong network of offices across London and the South-East.

“This acquisition is in line with our strategy to increase the scale and market share of our market-leading insolvency practice.”