Accountancy services and business advice provider Xeinadin has acquired Grunberg to expand its footprint in London, UK.
Grunberg is based in Colindale, north-west London, and serves both UK and international clients. It has been in business for more than 35 years and employs over 80 people.
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Grunberg managing partner Robert Bean said: “This move gives us the backing and breadth we need to grow with confidence. We have always had big ambitions, and to double in size over the next few years; we knew we needed to bring in a partner that could support that journey.
“Joining Xeinadin brings national scale, additional specialist knowledge and operational resources, all while allowing us to maintain the client relationships and culture that define who we are. Crucially, this is a step forward for the whole team.”
Besides strengthening its presence in the capital, Xeinadin expects the acquisition to deepen its advisory capabilities.
In a statement, Xeinadin said that Grunberg’s team of nine partners, including the three appointed at completion, will stay. The clients will also keep working with the same London advisers.
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By GlobalDataXeinadin CEO Derry Crowley said: “Robert, the partners and the team at Grunberg have built strong relationships across London and beyond.
“Their commitment to taking their people with them on this next chapter speaks volumes. This acquisition strengthens our ability to support businesses in the capital with advice that is both expert and personal.”
In October last year, Xeinadin acquired Cooper Dawn Jerrom (CDJ), a practice located in west London, for an undisclosed sum.
CDJ provides a wide range of financial services including audit, accountancy and tax advisory.
