Consultant acquires property management and planning specialist, and its subsidiary
WYG has bought Cumbrian planning consultancy North Associates and its subsidiary Taylor & Hardy for £5m.
WYG said the acquisition will help it take advantage of some of the anticipated £90bn investment in West Cumbria’s “Energy Coast”, where the consultant says it also expects to use some of the planning skills gained from the acquisition as part of its work elsewhere in the nuclear sector.
North Associates turned over £2.9m to the year ending 31 July 2015, and posted a pre-tax profit of £486,000.
Operating from offices in Carlisle, North Associates provides specialist property asset management consultancy services which maximise the value of land and property for its clients, who include commercial developers, public sector bodies and regional landowners.
Taylor & Hardy is a well-established local planning consultancy which was acquired by North Associates in 2012.
Paul Hamer (pictured), chief executive officer at WYG, said: “The acquisition will expand our offering across Cumbria and the North, in particular along Britain’s Energy Coast.
“Following on from the acquisitions of Alliance Planning and FMW Consulting, in September 2014 and June 2015 respectively, today’s news further demonstrates WYG’s ability to deliver sustained growth both organically and by acquisition, in line with our strategic growth aspirations.”