19 February 2018 at 10:51 BST

Gordon Dadds makes Cardiff law firm purchase

The listed law firm has bought its third law firm in a year as well as an energy tax consultancy.

NESPIX

Listed law firm Gordon Dadds is continuing on its acquisition trail with the purchase of a third law firm. It has bought Cardiff firm Thomas Simon for £1.875m plus an amount related to net tangible assets. The company, which set aside £20 million for acquisitions, recently purchased two law firms, Britol firm Metcalfe Solicitors and corporate and technology firm White & Black. Thomas Simon's practice focuses on commercial property, corporate and private client work.  Adrian Biles, chief executive officer of Gordon Dadds, said of the deal:  'We have been looking to expand our Cardiff front office operation so as to become a significant player in the Cardiff community and we are delighted to have been able to merge our Cardiff office with Thomas Simon's, blending different skill sets to enhance the Gordon Dadds' offering and grow the enlarged business. In addition, we should achieve economies of scale from merging the support functions over time.'

Cross-selling

He added: 'This is the fourth acquisition we have made since Gordon Dadds' successful IPO in August 2017 and each of them should enhance next year's earnings.' Mr Biles said the listed law firm would be 'focussing over the coming months on realising the benefits of these acquisitions and, in particular, on driving the cross-selling activity which grows the revenue and profitability of the existing and acquired businesses.'

 
   
 
 
 

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