A leading Sutton Coldfield-based professional services agency has joined forces with a major national group in a multi-million pound deal.
JE Consulting, based at Mitre Court in the town, has been acquired by K3 Capital Group plc, a multi-national, multi-disciplinary group of professional services businesses, in a deal worth up to £4.57m, depending on company performance.
JE Consulting specialises in PR, marketing, digital and creative services to SMEs operating in the accountancy, legal and healthcare markets. Established in 1998, the business provides services to over 140 clients across the UK.
It now joins other acquisitions by K3 Capital plc that include Knights R&D, RANDD and Quantuma.
Jo Edwards, managing director at JE Consulting said the move provided opportunities for the business to continue to grow and invest in new services and marketing opportunities.
The move complements K3’s growth of its K3 Hub, a centre for accountants which, since its launch in February 2021, has recruited 1000 member firms in the UK.
Welcoming the move, John Rigby, CEO of K3 Capital, said: “I am delighted to announce the acquisition of this highly trusted and established business that will accelerate our strategy of
enhancing our solutions for accountancy firms and their clients.
“The team at JE Consulting are highly complementary to our service portfolio and to the continued development of the K3 Hub, which, since its launch in February 2021, has recruited over 900 member firms in the UK”.
Looking ahead, Jo Edwards said: “We are delighted to be part of the K3 Capital plc journey going forwards. The opportunities this acquisition provides to the business to continue to grow and invest in new services and marketing is now unrivalled in the professional services
sector and we look forward to building relationships with the K3 Hub members.”
John Rigby added: “This acquisition strengthens our presence when the professional services sector is expanding, especially in the accountancy space.
“I look forward to welcoming our new colleagues and continuing the successful execution of our strategy to generate long-term sustainable growth and attractive returns for our shareholders”.