Mercer & Hole has acquired Nightingale Associates in a bid to boost its financial services department.
The company will set up a limited liability partnership which will trade as Nightingale Associates. Nightingale’s current managing director Michael Lockyer will keep a minority share in the firm and will continue in his role.
Mercer & Hole’s existing financial services team in Milton Keynes will work alongside Nightingale’s nine office staff in Bromley. The mortgage specialist operation Nightingale Mortgage Services will also come under the deal.
Mercer & Hole senior partner Howard Wilkinson says: “This is an important deal for Mercer & Hole and a great strategic fit for both businesses. Michael’s reputation is extremely high and we already know him well from some clients that we currently share. This is an exciting opportunity which should see our financial services arm expand significantly in the years ahead.”
Lockyer says: “I look forward to working with my new partners to expand our services to the clients of Mercer & Hole. This represents a fantastic opportunity to deliver a proven service and outstanding quality of advice to both individual and corporate clients. The staff and I at Nightingale Associates are excited at the prospect of being part of a much larger organisation and the benefits this will bring.”