Apiary-backed Shaw Gibbs acquires Woking-based Herbert Parnell
We are pleased to announce that Apiary-backed Shaw Gibbs, a leading UK accountancy firm, has completed its third acquisition since Apiary’s investment in November 2022. Following the acquisition of Woking-based Herbert Parnell, Shaw Gibbs now has 225 people based in five offices in central and southern England providing clients with exceptional accountancy, tax, business, and strategic advisory services.
Founded over 100 years ago, Herbert Parnell is a well-respected three-partner accountancy practice with a specialism in the dentistry sector. The combination of the two firms will reinforce Shaw Gibbs position in Surrey and expand its expertise in the healthcare sector.
“We are delighted to welcome the talented team from Herbert Parnell into the Shaw Gibbs family,” said Managing Partner, Peter O’Connell. “This acquisition aligns perfectly with our growth strategy and our commitment to delivering high-quality accounting solutions.”
Andrew Hodgetts, Partner at Herbert Parnell commented: “Joining forces with Shaw Gibbs allows us to provide even greater support to our clients through access to wider resources and deeper expertise.”
“We are delighted to support Peter and the team as they continue to expand,” said Chris Heawood, Investment Director at Apiary Capital. “Herbert Parnell has a loyal client base, some of which have been with the firm for over 30 years. We look forward to working with the group as it grows from strength to strength.”
Apiary Capital invested in Shaw Gibbs in November 2022 to support the management team’s ambitious buy-and-build strategy.