Newcastle-based WilliamsAli Corporate Finance has been acquired by national restructuring expert FRP, further strengthening its presence in the North East.
This strategic acquisition aligns with FRP’s ongoing expansion efforts, adding to its portfolio of specialised financial services. Abu Ali and Phil Williams, the founders of WilliamsAli, will transition into roles as FRP partners, bringing with them their entire team.
The Strategic Acquisition
FRP Advisory Group, a national restructuring specialist, has announced the acquisition of Newcastle-based WilliamsAli Corporate Finance. This acquisition marks the 11th since FRP’s flotation in March 2020, following the recent purchase of Welsh consultancy Lexington for £3.5 million. The deal was disclosed via the London Stock Exchange, although the financial terms remain undisclosed.
WilliamsAli, with a dedicated team of five professionals, will enhance FRP’s operations in the North East. With its founders joining as partners, WilliamsAli will operate under the FRP Corporate Finance brand. This move is part of FRP’s selective acquisition strategy aimed at increasing market share and expanding geographical footprints.
Background of WilliamsAli
WilliamsAli Corporate Finance was established in 2020 after a buyout from Leathers Corporate Finance, following the departure of chairman Michael Leather. Since its inception, the firm has played a significant role in mergers and acquisitions across the North East.
Some notable achievements include advising on the management buyout of utilities tech firm Everflow and supporting the Tyneside engineering group Houghton International in a U.S.-backed acquisition by Integrated Power Services earlier this year.
FRP’s Growth and Performance
FRP has consistently demonstrated robust growth, with a 23% increase in revenue to £128.2 million in the year ending April 2024. Adjusted pre-tax profits soared by 39% to £33.7 million, reflecting the company’s effective acquisition led strategy.
Geoff Rowley, CEO of FRP Advisory, hailed the acquisition as a complement to FRP’s strong presence in the North East, emphasising the alignment of values and ambitions between the teams. The integration of WilliamsAli into FRP is expected to offer enhanced services and expertise to clients.
FRP has led numerous high-profile administrations in the region, including Surgo and Metnor Construction, further solidifying its influence in the corporate finance sector.
Feedback from WilliamsAli Founders
Abu Ali, co-founder of WilliamsAli, expressed enthusiasm about joining FRP, highlighting the opportunities for growth within the FRP Group. The partnership is viewed positively, with the potential to leverage additional resources and infrastructure FRP offers.
Phil Williams shared similar sentiments, noting the alignment in values and the promising future for their team and clients post-acquisition. The founders are optimistic about building on their existing track record under the new brand.
Strategic Implications for FRP
The acquisition is strategically significant for FRP as it enhances its standing in the competitive corporate finance sector, particularly in the North East.
With the addition of WilliamsAli, FRP strengthens its capabilities and extends its reach, offering a more comprehensive suite of services and potentially attracting new clientele. This geographic and service expansion is central to FRP’s growth strategy.
The move also positions FRP to better navigate the evolving economic landscape, providing robust support for various restructuring and corporate finance needs.
Impact on the North East Market
The North East market stands to benefit significantly from FRP’s expanded operations. WilliamsAli’s expertise combined with FRP’s resources could drive further economic activities in the region.
The collaboration is anticipated to foster innovation and growth, leading to new opportunities for businesses seeking financial and restructuring advice.
Such strategic moves by FRP underline the importance of regional focus in corporate expansion strategies, potentially setting a precedent for future acquisitions.
A Confident Future Ahead
With this acquisition, FRP fortifies its ambition to lead the market in corporate finance solutions. The integration of WilliamsAli is expected to not only broaden service offerings but also instil confidence among stakeholders.
Both entities share a commitment to delivering high-quality financial services, and this partnership is poised to enhance client satisfaction and business outcomes.
The acquisition of WilliamsAli by FRP represents a pivotal step in FRP’s strategic growth within the North East. This promising collaboration is set to enhance service offerings and foster economic development in the region.
