The group comprises two firms, Watts Gregory and HJE Healthcare Accountants, which will be rebranded as MHA and the merger will see four partners, 60 staff and two consultants transfer under the agreement. The four partners will join the MHA partner team. The group reported a combined fee income of £5m for year end 2022.

Watts Gregory provides high quality accountancy services for clients across south Wales including tax compliance and advisory, audit and risk assurance, plus forensic and probate. HJE Healthcare Accountants has served clients across the healthcare sector for over 30 years.

The value of the deal was not disclosed.