Vistra Group, a provider of corporate, trust and fund administration services, is set to acquire UK-based business expansion services provider Nortons Group for an undisclosed sum.
As part of the deal, the Nortons team, led by Andrew Norton and Pete Doyle, will join the Vistra Group to exapnd their range of services and benefit from Vistra’s global reach.
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The acquisition brings the combined headcount of the Vistra Group, inclusive of the soon to be merged Orangefield Group, to over 2,200 staff in 39 countries.
The transaction is scheduled to close by the end of February 2016.
Founded in 1993, Nortons offers a full range of accounting, tax, HR and payroll services. A significant portion of their business supports US headquartered technology and life sciences businesses. The company also has a UK audit practice supporting subsidiaries of MNCs, UK entrepreneurial businesses and a specialist pension fund audit team.
Nortons employs 80 in-house professionals at its offices in UK and California. It also works with NIS Global, an affiliate network of independent accounting and advisory firms in other countries where Nortons doesn’t have a physical presence.
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By GlobalDataNortons co-founder and managing partner Andrew Norton said: "This tie-up with Vistra gives us the resources we need to expand fast in a focused manner. In addition, Vistra offers a range of related services our clients could benefit from and our team will have enhanced career opportunities within the broader group."
