Xeinadin, the UK professional services group, has acquired Nottingham-based accountancy firm Gregory Priestley & Stewart in its continued merger and acquisition-driven growth strategy. The transaction brings in a team of 22 staff, many of whom have been with Gregory Priestley & Stewart for decades, with the company's average employee tenure standing at 15 years.

Business Sale Report stated that Gregory Priestley & Stewart supports a client portfolio ranging from engineering companies to international travel operators, with specialisms across audit, taxation, corporate finance, payroll, VAT, secretarial services, and business consultancy. The firm has established expertise in sectors including property, education, construction, audiology, and cross-border ownership structures.

Derry Crowley, chief executive of Xeinadin, said: "Respected locally, rooted in relationships, and actively advising clients on how to grow and adapt. Their strong presence in the Midlands and cross-sector experience strengthens our presence in the region and our ability to support SMEs across the UK with advice that's both expert and personal."

Peter Stewart, partner at Gregory Priestley & Stewart, said the company had been built on longstanding client relationships, including many spanning decades.

He added: "In joining Xeinadin, we're gaining access to additional resources, expertise and the support we need to take the business forward, without losing what makes us who we are. It's already making a difference, and our clients and team will only benefit further as part of the wider team."

Carl Danvers, area managing partner at Xeinadin, said Gregory Priestley & Stewart reflected the people-first approach that Xeinadin targeted, adding the acquisition was a natural next step in the target company's growth.

Founded in 2019 through the merger of more than 100 independent accounting firms, Xeinadin has completed close to 30 acquisitions.

Discover how Xeinadin's acquisition strategy continues strengthening its regional presence across UK accountancy markets.