RSM Tenon acquires tax business of Vantis in London, Epsom and Leicester

RSM Tenon has announced that it has acquired the London, Epsom, and Leicester advisory offices, the national Financial Management operations and the Thames Valley Recovery office of its public competitor, Vantis.

Completing today, the acquisition sees circa 300 staff augment the existing RSM Tenon teams, adding up to an estimated £27 million to the firm’s annual fee income, for a total cash consideration of approximately £7.0 million.

The deal brings significant extra Audit, Tax and Advisory work across the three locations, especially to RSM Tenon’s London operation, reflecting the Group’s commitment to growth in the Capital.

Andy Raynor, the Chief Executive of RSM Tenon Group PLC said

“We have always admired the underlying businesses within Vantis, continuing to deliver outstanding client service to entrepreneurs despite the difficulties of the holding company. The resilience and skill of the people joining our teams is reflected in their loyal client following. This is a seamless fit with our own operations.”

The Vantis deal comes less than 6 months after the merger with Bentley Jennison at the end of last year, reinforcing RSM Tenon’s reputation for being one of the most dynamic accountancy firms in the UK today. Raynor commented:

“With acquisitions in the last six months totaling almost £100m of potential revenue, RSM Tenon has demonstrated the ambition for growth that we have always encouraged in our clients. Our ability to act quickly in completing this advantageous transaction has been aided by the continuing successful integration of our earlier RSM Bentley Jennison acquisition. Processes created and tested in that merger will be activated immediately by our dedicated teams.”

RSM Tenon is a leading provider of accounting and business advice in the UK and internationally. RSM Tenon is the 7th largest accountancy and business advisory firm in the UK, employing over 3000 people across 50 offices. RSM Tenon is the UK member of RSM International*, the 6th largest global accounting network with over 700 offices across more than 70 countries.