West End firm Gordon Dadds has made its first strategic acquisition since its public float in August, acquiring tax advisory business CW Energy for £4m to ‘further the company’s intention to expand its tax advisory business’.
The sum of £4m will be paid equal annual installments over five years and further consideration may be payable depending on the performance of the business. According to a London Stock Exchange announcement made today (1 November), Gordon Dadds has paid £300,000 upon completion of the deal and expects the acquisition to immediately enhance earnings at the firm.
