Glasgow, Friday, 10 March 2023
N4 Partners (N4) is delighted to announce Opulus Financial (Opulus) has completed the acquisition of Wylie & Bisset to expand its unique Chief Financial Officer (CFO) solutions offering throughout Scotland.
The deal, financed by a £10 million growth capital facility provided by SME Capital, is Opulus’ fifth since launching at the end of 2021 and follows the acquisitions of Glasgow-based accountancy firm Nicolson Accountancy, John Kerr & Co in Saltcoats, Alexander Marshall in Motherwell and Craig Cleland in East Kilbride.
The acquisition will quadruple the group’s workforce from 40 to some 160 employees and result in combined revenues of circa £11million.
Wylie & Bisset has a rich heritage dating back to its establishment in 1787 and has subsequently grown to become one of the largest independent accountancy practices in Scotland, with offices in Glasgow, Oban and Manchester.
Keith Gibson, Partner at N4 Partners, commented: “N4 Partners has been partnering with Matthew Garstang at Opulus Financial over the last year, supporting the company’s development of a CFO Solutions offering as both direct investor and also in an advisory capacity. We are excited to be working with the Wylie & Bisset LLP team alongside the existing group of accountancy practices and, with the support of SME Capital, are eager to continue to expand the unique service offering of Opulus throughout Scotland and beyond."
Matthew Garstang, CEO at Opulus, added: “Our joining of forces with such a long-established practice with dedicated staff and an established client base represents a wonderful opportunity for both Opulus and Wylie & Bisset.”
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