Gateley has acquired the Vinden Partnership, which offers corporate advisory, dispute resolution and consultancy to the real estate market, for £6.75m.
The legal and professional services group said the purchase would strengthen its construction team and add weight to its corporate advisory, dispute management and resolution expertise, while expanding its growing portfolio of complementary services.
The firm will become known as Gateley Vinden and is expected to immediately enhance the group’s earnings.
Vinden, has been operating for more than 25 years and in the year ended August 2019 generated revenue of £4.7m and pretax profit of £800,000.
Vinden operates from five locations, in Bolton, Nottingham, Liverpool, Manchester and London, and has a 40-strong team.
Vinden chief executive and founder Peter Vinden, managing director Chris Duffill, and directors Andrew Crompton and Martin Bennett will remain on the Gateley Vinden management board.
Peter Vinden said: “This is a really positive move for our team and we are delighted to join Gateley. Our two companies have worked together successfully for a number of years and have a shared ethos and approach. By combining our multi-talented teams, we have an enhanced offering for clients which will bring numerous benefits for all.”
Gateley chief executive Michael Ward added: “I am pleased to welcome the Vinden team to Gateley. This is a team we know and trust. Their results-driven, client-centric and inclusive culture is fully aligned with Gateley’s and we are confident that the integration process will be smooth and rapid. Bringing Vinden’s skills in-house strengthens and expands our corporate advisory, dispute management and resolution expertise.”
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