Wednesday, October 30, 2024

‘Rebels of accountancy’ make further acquisition

Cooper Parry (CP) has completed the acquisition of fast growing NetSuite consultancy, MacroFin.

The firm’s 11th deal in less than 2 years sees the ‘rebels of accountancy’ target £185m group turnover for the current financial year. The deal is also the second of their rapid expansion within the digital and tech space following the recent acquisition of Salesforce consultancy, Cloud Orca.

MacroFin is a NetSuite-certified ERP consultancy specialising in the implementation of NetSuite products and other support packages.

Co-located in London, Manchester and the Philippines, MacroFin has proven experience across all sectors, including fintech, professional and financial services.

The deal further accelerates CP’s creation of the UK’s next-gen professional services group – embracing accountancy, wealth management, tech and law.

The firm’s headcount now tips 1,450 including 128 Partners, across superhubs in London, the Midlands, Manchester and the Thames Valley.

Cooper Parry CEO, Ade Cheatham, said: “This MacroFin deal is another massive statement for CP – both for our offering in the digital/tech space, but also for our sustainable next-gen group ambitions.

“The momentum across the UK grows and grows, right on the back of our two transformational deals last month in Manchester and Thames Valley – as well as some brilliant strategic hires. Ross, Steve and his team have created a cracking business and it’s another key piece in our tech expansion.”

MacroFin CEO and co-founder, Ross Latta, added: “The reason that Steve and I launched MacroFin was that, as two chartered accountants with 10+ years client-side experience, we believed that finance and ERP implementations could, and should, be more successful if they were predominantly finance-led. Truly, we have built a business which is NetSuite for accountants, by accountants.

“So, it’s no surprise that the business fit with Cooper Parry is a natural one.

“Not only are they accountants, but they’re also one of the most dynamic, fastest-growing, team-focused accountants around who share our ambition and dedication to growing both our, and our clients’ businesses.

“Steve and I are incredibly proud of, and grateful to, the team we have built and this move brings a completely new level of opportunity for our team to grow and reach the potential we know it has. We cannot wait to see how far we can all go together.”

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