Fletchers Group Agrees to Acquire Scott Rees & Co Solicitors
Deal News | Jan 08, 2025 | B Daily
Fletchers Group has announced an agreement to acquire Scott Rees & Co Solicitors, further expanding its presence in the UK legal market. This acquisition, which remains undisclosed in terms of financial details, is slated to be completed by February. With this deal, Fletchers Group will integrate nearly 100 employees from Scott Rees into its operations across Leeds, Liverpool, Manchester, and Southport, while maintaining Scott Rees' office in Newton-le-Willows. The group is set to replace Scott Rees' managing partner, Royston Smith, with Charlene Mann from Fletchers post-transition. This move represents Fletchers' second acquisition of the year, after their takeover of Serious Injury Law in February 2024. Peter Haden, CEO of Fletchers Group, emphasizes the strategic fit and growth prospects that Scott Rees brings, supported by Pemberton Asset Management and Sun European Partners.
Sectors
- Legal Services
- Private Equity
Geography
- United Kingdom – The article focuses on a transaction involving UK-based law firms, notably in locations such as Leeds, Liverpool, Manchester, and Newton-le-Willows.
Industry
- Legal Services – The article discusses the acquisition of a law firm, Scott Rees & Co Solicitors, by Fletchers Group, indicating the legal services industry is involved.
- Private Equity – Sun European Partners, a private equity firm, is mentioned as the owner of Fletchers Group, indicating involvement in the private equity sector.
Financials
- Undisclosed – The financial details of the acquisition are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fletchers Group | Acquirer | Company | A law firm based in the UK, involved in personal injury claims and characterized by its expansion strategy. |
| Scott Rees & Co Solicitors | Target Company | Company | A Newton-le-Willows-based law firm known for its expertise in employers' liability, public liability, and clinical negligence claims. |
| Royston Smith | Outgoing Managing Partner | Person | The managing partner of Scott Rees & Co Solicitors set to be replaced following the acquisition. |
| Charlene Mann | Incoming Managing Partner | Person | A representative from Fletchers Group set to replace Royston Smith as managing partner of the acquired firm. |
| Peter Haden | CEO | Person | CEO of Fletchers Group, responsible for overseeing the acquisition strategy and implementation. |
| Pemberton Asset Management | Financial Backer | Company | A financial services company supporting Fletchers Group in its expansion and acquisitions. |
| Sun European Partners | Owner | Company | The private equity firm that owns Fletchers Group, facilitating its growth strategy. |