Broadfield Capital invests in Charlton Baker
HMT advised Broadfield Capital on their second platform investment, Charlton Baker, a leading provider of accountancy services. Charlton Baker has also completed three bolt-on acquisitions alongside the investment.
Established in 1984, Charlton Baker provides accountancy and reserved legal services across the South-West of England, primarily serving small and medium-sized enterprises (SMEs). The business is led by Group CEO, Scott Sartin, supported by a highly experienced management team. The business offers a range of accountancy services including accounts preparation and audit, bookkeeping & payroll, tax services, and advisory & legal services.
Broadfield Capital’s investment will support Charlton Baker on its continued buy and build strategy as the Group seeks to consolidate the south-west accountancy market. To date the business has acquired fourteen local accounting firms and, with the recent investment from Broadfield Capital, has completed another three acquisitions as part of the transaction.
The business has a healthy pipeline of acquisition targets to support continued execution of its growth strategy, as well as clear plans to drive organic growth through new client wins in the region.
HMT undertook financial due diligence on this transaction.
Guy Ellis, Partner at Broadfield Capital commented:
“The financial due diligence on the platform investment was outstanding. The HMT team combined deep analytical rigor with a clear understanding of the commercial drivers, giving us confidence in both the risks and the growth potential. They were responsive, pragmatic, and fully aligned with our objectives throughout — exactly the kind of partner you want on a critical transaction.”
Paul Read commented:
“We were delighted to advise on Broadfield’s second platform investment. From the outset, there was a clear strategic vision, and it was a pleasure to support the team in validating the opportunity and navigating the key considerations. We look forward to working with them again in the future.”
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