A Welsh accountancy firm with offices in Bridgend and Cardiff has been acquired by the private equity-backed professional services business Xeinadin Group.
Graham Paul has more than 70 years experience servicing clients in the agricultural, healthcare and legal sectors as well as family-owned businesses and SMEs.
Xeinadin is a group of business advisory and accountancy practices in more than 100 locations across the UK and Ireland.
Graham Paul’s acquisition bolsters Xeinadin’s healthcare offering, as well as enhancing access to experts in Wales.
Xeinadin has already made four acquisitions this year following a significant minority investment from private equity firm Exponent earlier this year.
Derry Crowley, chief executive at Xeinadin Group, said Graham Paul will provide “additional expertise in some of our key sectors such as healthcare and family-owned businesses and we are looking forward to integrating them into the Xeinadin family”.
Nigel Williams, a director at Graham Paul, said: “Through joining Xeinadin, Graham Paul will continue to deliver the high standard of professional service for which we have become known.
“Being part of a dynamic larger organisation will allow us to support our clients even better with more services and greater expertise, and also embrace new opportunities for the firm. We are looking forward to our future as part of Xeinadin.”
Details of the advisers who worked on the deal were not disclosed.