Accountancy firm joins £300 million group
A growing accountancy firm which has taken over a number of Shropshire businesses has now itself become part of a bigger group.
Baldwins is part of the newly-launched, £300 million CogitalGroup along with the former payroll and accounting arm of Visma and London accountants Blick Rothenberg.
The company has taken over companies in Shropshire including Turner Peachey, Tranter Lowe in Dawley and Wellington, Andrews, Orme & Hinton, on Shrewsbury's Oxon Business Park, and Geraint Humphrey & Co in Beatrice Street, Oswestry in the last two years.
Baldwins will retain its branding following the deal, and says it will continue on the acquisition trail as it builds on its group of regional practices.
Based in Walsall, the firm has expanded to 27 offices across the UK employing around 650 people.
Director John Baldwin said: "We undertook significant diligence on who to work with in relation to our future investment partners and we are delighted to have the opportunity to join CogitalGroup and work with HgCapital.
"We are also pleased to welcome John Connolly onto our board who, with his undoubted background as former global chairman of Deloitte, will bring a level of expertise and experience necessary to achieve our goals and aspirations."
The Baldwins investment follows HgCapital's acquisition of Visma BPO, a provider of accounting, payroll and HR services to 20,000 businesses in the Nordic region.
In July, HgCapital announced its investment in Blick Rothenberg.
All three businesses will continue to operate with their existing brands.
The combined CogitalGroup will have more than 3,200 people based in Norway, Sweden, Denmark, Finland and the UK.
