Fortus announced that it has secured an investment from LDC to support the next phase of its growth strategy.
The Yorkshire-based accounting and business advisory firm is planning to use the partnership to continue expanding its regional presence and strengthen its advisory-led services for clients.
The investment will support Fortus as it pursues both organic growth and acquisitions. The company has already demonstrated its ability to integrate acquired businesses while expanding its client base and service offering.
LDC’s Yorkshire team has invested more than £400 million into businesses over the last decade, representing a combined enterprise value of £1.1 billion. Its regional portfolio and prior partnerships include companies such as BCIS, UniHomes, Pagabo Group, and Lomond.
Support: LDC was advised by Alvarez & Marsal, Womble Bond Dickinson, BDO, and GCS Insights. Debt funding for the transaction was provided by Triple Point, led by Paul Dolyniuk. Fortus was advised by Andrew Jackson.
KEY QUOTES:
“The team at LDC understands what we’re trying to do and is backing our ambition to build the leading regional firm of accountants and business advisors rooted firmly here in Yorkshire.”
Craig Herbert, Founder and CEO of Fortus
“Craig, Andy and Rich, along with the wider SLT, have built an exceptional business with genuine momentum and a clear strategy for the next phase. They’ve proved they can integrate acquisitions and drive organic growth – and we’re excited to be backing them to continue that journey whilst continuing to deliver high quality, advisory-led services to their client base.”
Dan Smith, Partner and Head of Yorkshire at LDC
