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Bristol tax business ForrestBrown acquired by US tax giant alliantgroup

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Written by: Hannah Baker | Posted 26 March 2018 17:11

Bristol tax business ForrestBrown acquired by US tax giant alliantgroup

Bristol-based tax business ForrestBrown has been acquired by US tax credit provider alliantgroup for an undisclosed sum.         

ForrestBrown is the UK’s only firm of chartered tax advisers (CTA) wholly specialised in research and development (R&D) tax credits.

Established in 2013 by entrepreneur Simon Brown, ForrestBrown serves thousands of UK businesses across all sectors and last year delivered more than £75million for its clients.

Houston-based alliantgroup is the leading provider of federal and state tax incentives in the United States. It has helped more than 12,000 businesses claim more than $6billion in tax incentives. 

The company's 800-strong team of experts has been at the forefront of tax legislation, representing the needs and interests of SMEs.

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With this acquisition, ForrestBrown becomes a wholly owned subsidiary of alliantgroup. The ForrestBrown brand, all 63 employees and Bristol headquarters will be retained.

Brown said: “I’m incredibly proud to have grown a business that delivers for – and delights – our clients. We’ve doubled in size each year and have won awards for our work. Our acquisition marks the next step in ForrestBrown’s journey.

“ForrestBrown is incredibly excited to become part of the alliantgroup family and to expand its footprint outside of the UK. alliantgroup has strong values and a clear purpose that aligns fully with our own mission: to help innovative businesses grow.

“Having alliantgroup on our side will enable us to continue to grow and provide international service offerings to our UK clients – without compromising the high standards we set. By leveraging alliantgroup’s scale and resources, we will be able to move faster and with more impact in a way we would be unable to do on our own. I am confident that our new affiliation will make us better as a business and result in an improved service for our clients.”

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Dhaval Jadav, chief executive of alliantgroup, added: “Combining ForrestBrown with alliantgroup strengthens our business and opens up new opportunities to us in a new market.

"With their absolute focus on client service and investment in professional growth for employees, ForrestBrown is a great cultural fit for us. We’re incredibly excited to get to know our new UK colleagues, and look forward to lending our expertise to grow ForrestBrown even further.”

ForrestBrown also announced that Dr Mark Mason MBE will step down as Executive Chairman.

ForrestBrown’s shareholders were advised on the sale of ForrestBrown to alliantgroup by Momentum Corporate Finance LLP and Osborne Clarke LLP.

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