New acquisition strengthens Carston’s position as largest independent practice in Cardiff
Carston Chartered Accountants, the Cardiff-based accountancy firm, is pleased to announce its acquisition of Davies Williams, an established firm specializing in small and medium-sized businesses in the legal and medical sectors. The deal was finalized on Monday, October 31, 2022.
The investment is aimed at accelerating Carston’s expansion as Cardiff’s largest independent practice, while ensuring the succession of long-standing Davies Williams staff and clients. Following the transaction, Davies Williams’ existing partners will remain as consultants to ensure a smooth transition and continuity of services to their existing customer base.
Founded in 1950, Davies Williams prides itself on offering valuable advice and support to clients in the Welsh capital and the West of England. In addition to offering a full range of accounting, auditing, tax and corporate finance services, Davies Williams specializes in providing services to small businesses, recognizing that every client deserves a high level of service. . This one-to-one approach to bookkeeping will be underpinned by Carston’s commitment to providing specific care and attention to each client.
As a result of this agreement, Davies Wiliams is now part of the ETL Global network of professional services firms, which employs 20,000 people in more than 50 countries around the world. With specialists in the accounting, tax, legal and auditing industries, ETL Global offers tremendous opportunities, tools and a unique platform for growing businesses, especially in the SME sector.
Jon Rees, managing director at Carston Chartered Accountants, said:
“This is an exciting time for Carston and an opportunity to strengthen its tailored offering to owner-run businesses in and around Cardiff. The firm remains committed to providing a highly personal, responsive and proactive engagement to help clients deal with the issues that affect their business every day.
We believe Davies Williams’ corporate values align well with our philosophy, and we are delighted to welcome them on board to Carston and the wider ETL Global family. I would also like to take this opportunity to thank the ETL Global UK team for their corporate finance advice, and the Glaisyers ETL corporate team for handling the legal aspects of this transaction.