WilliamsAli Corporate Finance bought by national advisory firm FRP

A North East advisory firm has been bought by a national operator.

WilliamsAli Corporate Finance is now part of FRP.

Bosses at Newcastle-based WilliamsAli say the deal – completed for an undisclosed sum –  marks “a hugely positive move” for its team and clients.

Under the terms of the agreement, WilliamsAli’s seven-strong team have joined the FRP fold, with co-founders Abu Ali and Phil Williams – pictured above – becoming partners.

The firm, founded in 2019 and known for supporting mergers and acquisitions, management buyouts, private equity transactions and fundraising, will be known as FRP Corporate Finance.

Abu said: “Phil and I are delighted to be joining FRP.

“We are incredibly proud of WilliamsAli’s track record in the North East, and are excited about how we can further build on this within FRP.”

The deal marks FRP’s eleventh acquisition since March 2020, with bosses saying it will “significantly enhance its corporate finance capabilities in the North East”.

Geoff Rowley, FRP chief executive, pictured above, added: “We are pleased to welcome Abu, Phil and the team to the business.

“They share our values and ambitions, and will no doubt make a strong contribution as we continue to grow.”

• Main image: Christopher Owens