The acquisition strengthens Grant Thornton’s deals advisory business and expands support for private equity clients, while the specialist commercial due diligence and strategy expertise is ‘highly complementary to Grant Thornton UK’s established mid-market deals advisory business’.

Fairgrove will continue to be run by co-founders Patrick Woodrow and Paddy Woods Ballard, and will operate under its own brand as ‘Fairgrove, a Grant Thornton UK company’.

The firm has five partners, who will all become partners at Grant Thornton, alongside a team of 23 staff.