A Sheffield-based legal firm has continued its expansion with its latest acquisition.
The debt legal services arm of Irwin Mitchell has acquired the commercial debt recovery division of Sheffield-based specialist P&A Receivables Services.
The deal was made through Irwin Mitchell’s fast-growing subsidiary, Ascent. It is the fifth acquisition by Ascent and the seventh overall by the Irwin Mitchell Group since being awarded it’s ABS licences in 2012.
Andrew Tucker, Irwin Mitchell’s group chief executive, said: “This is another important acquisition for the Group and a sign of our continued ambition to expand across the UK.
“This brings a solid portfolio of long-standing clients and we are confident it will be a valuable addition to our debt services business which again will further strengthen our position in this important market for us.
“We believe that we are in a strong position in the legal market and we are committed to ensuring that we build on this in the future.”
The P&A deal will increase Ascent’s foothold in the commercial debt recovery market and will also add a dedicated international offering to existing UK services.
It follows its acquisition of HL Interactive in March 2014.
Irwin Mitchell also acquired private wealth boutique Berkeley Law in November 2014 as part of its strategic growth plans.
The Group recently announced it had opened a consulting office in Middlesbrough, adding to new offices opened in Southampton and Cambridge during 2014.