The move builds on pre-existing synergies between the two firms, which have worked together for the last five years
Professional services firm FRP Advisory has added a property specialist to its growing offering. Bridgeshield Asset Management supports lenders across the UK, advising on property assets and loan risk management in the sector.
FRP Advisory has 520 staff operating from 24 offices across England and Scotland. The business advisory firm specialises in restructuring, corporate finance, forensic services, pensions advisory and debt advisory – but in recent years it has been expanding to offer a wider range of services, adding specialist industry experience to enable the delivery of sector specific solutions.
The latest example of this sees FRP acquire Bridgeshield Asset Management for an undisclosed fee.
The move builds on pre-existing synergies between the two firms, which have worked together for the last five years. It sees all five staff of Bridgeshield join FRP, including Directors Ben Hubbard and Nick McAuliffe, who join as Partners.
Hubbard, who founded Bridgeshield, noted: We are delighted to be joining FRP. We are excited by the further growth opportunities this new partnership presents while continuing to provide existing and new clients with an industry-leading level of service.
Headquartered in Essex, Bridgeshield provides property asset management advice to specialist short-term lenders across bridging, refurbishment and development finance. It supports lenders across the UK, advising on property asset management, LPA receiverships and loan risk management. The move seals FRP’s formal expansion into property asset management services.
Commenting on the transaction, Geoff Rowley, CEO of FRP, said: Ben and Nick have worked with FRP for many years. They share our values, and this new partnership will help to further accelerate Bridgeshield’s growth and broaden our service offering to cover property asset management services to specialist lenders. We welcome the team and look forward to their contribution to FRP.
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