LDC invests in Yorkshire accounting firm Fortus
The 115-person firm, founded in 2020, will use the backing to pursue acquisitions, broaden its service offering, and deepen its presence serving SMEs across the region.
Takeaways
- Fortus is a full-service accounting and business advisory firm.
- The target serves SMEs across Yorkshire, UK.
- Disclosed scale includes 115.
LDC, part of Lloyds Banking Group, has invested in Fortus, a full-service accounting and business advisory firm based in Yorkshire that caters to small and medium-sized enterprises.
Founded in 2020 by Craig Herbert, the independent practice has grown to 115 professionals spanning accountancy, audit, tax, and advisory services, with a culture built around client relationships and internal team development.
The partnership will fund a buy-and-build strategy aimed at geographic expansion and wider service lines.
Debt funding was provided by Triple Point.
Herbert, COO Andy Northern, and CMO Rich Burnett continue in their roles, while Anthony West and Dan Smith join the board as non-executive directors.
LDC was advised by Alvarez & Marsal (corporate finance), Womble Bond Dickinson (legal), BDO (financial due diligence and tax), and GCS Insights (commercial diligence).
Fortus was advised by Andrew Jackson (legal).
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