Clearwater advises on Palatine’s investment in BK Plus

Transaction

BK Plus on its investment from Palatine

Buy-side

Undisclosed

Role

Adviser on Palatine’s investment in BK Plus

Sector

Business Services

Region

United Kingdom

Clearwater has advised on Palatine’s investment in BK Plus, a Midlands headquartered accountancy firm.

David Baldwin and Shaun Knight, former directors of the accountancy group Baldwins, embarked on their entrepreneurial journey with BK Plus in February 2021. Their extensive experience and expertise in acquiring, integrating and growing accountancy firms, accumulated over years of dedicated service, laid the groundwork for the remarkable success BK Plus has achieved in just over two years.

In this short time, the firm has established a strong presence having completed 12 acquisitions, with over ten offices and approaching 300 staff. Initially focusing on its roots in the Midlands, with offices in Blackheath, Bromsgrove, Dudley, Solihull, Uttoxeter, Warwick, and Wolverhampton. BK Plus has recently extended its footprint across the UK, with offices in locations including Newcastle-Upon-Tyne, Halifax, Oldham, and Stoke.

BK Plus will be able to benefit from Palatine’s expertise in strategic buy-and-build and their industry-leading approach to sustainability, which has been central to their value enhancement strategy for more than a decade.

With Palatine’s backing, BK Plus is set to further its mission of providing local services to local people, all while being supported by a proactive and aligned group.

Thrilled to have worked with Palatine and BK Plus on this transaction, which brings together two entities with like-minded values and growth plans for the future. It is clear that BK Plus will be able to maximise the opportunities available from a forward-thinking investor such as Palatine. This transaction also further cements our position as a leading adviser to the accountancy sector. We very much enjoyed working with both sides and look forward to what’s to come for the combined teams.
Sarah Taylor, Partner, Clearwater

We are delighted to be partnering with Palatine, who we chose as they shared our ambition, philosophy, values and passion to deliver high-quality professional services to the SME sector – delivering locally, to local businesses, by local people with the support of the wider infrastructure. There is an unprecedented opportunity within the accounting sector to acquire with like-minded firms across the country. Our growth to date demonstrates this, along with a significant pipeline of opportunity.
Shaun Knight, CEO, BK Plus

We are delighted to be backing such an experienced and ambitious team, particularly in terms of their ability to scale an accountancy group via acquisition and organic growth. BK Plus’s focus on client service to the SME market via a regional model means they are well-positioned to provide the support required to existing and new clients.
Richard Thomas, Partner and Head of the Midlands, Palatine