Private equity backed accountancy firm DJH Mitten Clarke has acquired Stoke based HR consultancy, Innov8 Human Resources to create a specialist service line
The move will give DJH Mitten Clarke access to the HR consultancy’s full range of services, including comprehensive people advice that addresses the evolving needs of businesses in an ever-changing legal landscape. Joining forces will enable clients to enhance their financial management and human resource strategies.
Whether clients require strategic HR advice, help with recruitment or even training and development assistance, Innov8 HR can support their needs. It will also support the internal HR operation.
Innov8 HR was set up in 2016 and has a team of four, run by managing director Rochelle Murinas. The deal involved the acquisition of the full share capital of the HR consultancy.
DJH Mitten Clarke has been on the acquisition trail since securing private equity backing from Tenzing in November 2022, completing seven deals in 2023, adding £10m in additional turnover to the group over the year. The firm reported fee income of £20m for year end March 2022 and has five directors and over 280 staff based in eight offices across the Midlands and northwest.
Scott Heath, CEO of DJH Mitten Clarke, said: ‘We’re thrilled to join forces with Innov8 Human Resources. This partnership allows us to further extend the services we offer to our clients, enabling us to meet the rising demand for HR support from clients across the UK.’
Rochelle Murinas, managing director of Innov8 HR, who will continue to lead the team, said: ‘We’re excited to partner with DJH Mitten Clarke, who like us are relationship-focused and have a forward-thinking approach to their clients.
‘The collaboration combines our HR expertise with their financial knowledge, ensuring that we are able to deliver exceptional value to our clients. Together, we can support businesses to build strong foundations that encourage growth, productivity, and employee wellbeing, creating the perfect environment for businesses to thrive.’
In 2023, the firm completed six acquisitions including a deal with Bury-based DTE Business Advisers in December.
The value of the deal was not disclosed.