Management AdvisoryCompany SalesCompany Acquisitions

Momentum advise on the sale of ForrestBrown to Alliantgroup

Deal Overview

  • Lead advisory
  • Sold to US-based trade player

Momentum Corporate Finance has advised the shareholders of ForrestBrown Limited (“ForrestBrown”) on its sale to alliantgroup LP (“alliantgroup”).

ForrestBrown is the only firm of chartered tax advisers (CTA) in the United Kingdom to specialise exclusively in research and development (R&D) tax credits. Established in 2013 by entrepreneur Simon Brown CTA, ForrestBrown is headquartered in Bristol. Recognised as the ‘best independent consultancy firm’ by the Taxation Awards, ForrestBrown serves thousands of innovative UK businesses across all sectors and last year delivered more than £75 million for its clients.

The acquisition is a compelling strategic fit for alliantgroup, the premier provider for state government tax incentives and federal credits in the United States. Headquartered in Houston, Texas, alliantgroup has helped more than 12,000 businesses claim more than $6 billion in tax incentives.  ForrestBrown will seek to accelerate growth under its new ownership, enhancing its position as a leading specialist in the UK R&D tax credit market.

With this acquisition, ForrestBrown becomes a wholly owned subsidiary of alliantgroup. The ForrestBrown brand, all 63 employees and Bristol headquarters will be retained.

We got to know Momentum very early on in ForrestBrown’s journey and doing so is one of the best decisions we’ve made to date. Selling a business which we created from inception is an emotional process, but Momentum were there for us every step of the way and managed this transaction with the highest level of integrity, professionalism and dedication.

Momentum led a thorough and focused international sale process, identifying the most suitable partner for the future of ForrestBrown and expertly negotiating the best possible outcome for me and my fellow shareholders. I am extremely grateful to the whole Momentum team for delivering an excellent conclusion for all parties involved and I would highly recommend Momentum to any business owner seeking corporate finance advice.

Simon Brown, Managing Director and Founder of ForrestBrown

This is my first experience of working with Momentum Corporate Finance – and I hope it won’t be my last. From our very first meeting, I have been impressed by Momentum’s superior service and advisory capability. Their team is a delight to work with, and thanks to their hard work, I’m confident we’ve found the right partner for the next step in ForrestBrown’s journey.

Dr Mark Mason MBE, entrepreneur and angel investor

We are delighted to have advised the shareholders on the sale of ForrestBrown. There is a great strategic fit between the businesses and we strongly believe that alliantgroup is the ideal owner to help continue to drive the stunning growth ForrestBrown has experienced since inception. It has been a pleasure to work with Simon Brown, Mark Mason and all the shareholders on what has been a very successful transaction.

Rob Crews, Partner at Momentum Corporate Finance

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