Baldwins Accounts, an independent family-owned accountancy firm based in the Midlands, has acquired local firm Cox Jerome in a deal which will see it grow its team to 35 staff
The merged firm will have a combined fee income of £20m.
The acquisition means Baldwins will have its first office move for 40 years, relocating from its headquarters in in Walsall to the larger Cox Jerome offices just a few doors away. The firm has a total of 13 offices across the region.
John Baldwin, who joined his father’s firm 44 years ago, said the buy-out would serve both firms well and bring mutual benefits.
‘This is a common sense move. We have been looking to grow our presence in Walsall and our strength, size and expertise will add a great deal to existing clients of Cox Jerome. It also means that we can look to further grow our client base in the area and the move of premises will allow us to expand our team still further,’ Baldwin said.
Philip Abraham, senior partner at Cox Jerome, said being part of Baldwins would give clients access to increased services.
‘We have seen Baldwins develop over recent years and this move will give our clients access to some industry-leading experts. It is a very exciting development,’ Abraham said.