Monday March 11, 2024

Acquisition marks eighth FRP has completed since 2020

We are pleased to announce the acquisition of advisory and insolvency firm GWC, in a move that enables us to expand our international reach.

GWC is headquartered in Douglas, Isle of Man and provides a broad range of advisory services to local and international clients. This includes strategic commercial advice covering issues such as shareholder disputes, corporate simplification and reorganisation, regulatory intervention and director conduct, in addition to insolvency services.

The firm is led by owner and Managing Director Gordon Wilson and employs a team of eight people on the Island. Gordon joins FRP as a Partner alongside his team, which includes Director Kathleen McGhee and Advisory and Insolvency Managers Yvonne Dermott-Weir and Martin Wilman. The team will continue to operate from the GWC office at Victory House on Prospect Hill, Douglas.

The acquisition is the eighth we have made since we listed on the AIM market of the London Stock Exchange in March 2020 and an important milestone in our strategic growth plan. It will enable our teams to continue to generate sustainable and profitable growth by combining a focus on organic growth with complementary acquisitions, which together will help us to increase market share, broaden our service offering to clients and expand our geographical footprint.

Geoff Rowley, Chief Executive Officer at FRP, said: “We’re pleased to welcome Gordon, Kathleen and the team to FRP, further strengthening our offshore and international presence. This follows the acquisition of APP in Cyprus in 2022 and supports our work with global advisory organisation Eight International, enabling us to better support our clients on international matters.

“Having worked with the team at GWC for several years, we know they share our values, are experts in their field and focus on providing the highest quality services to their clients. I have no doubt they will make a positive contribution to the business as they continue to grow in the Isle of Man.”

Gordon Wilson of GWC added: “We’re excited to be joining FRP. We have worked with the team for the last few years, and this cements what has been a fantastic working relationship. We are looking forward to growing and developing the business in the Isle of Man to make it the leading restructuring firm on the Island. This will enable us to continue to provide our existing and new clients with an industry-leading level of service, as well as access to FRP’s wider offering.

“The investment in our business from a leading firm like FRP is a strong endorsement of the Isle of Man market and will enable us to create further opportunities for our team here on the Island and beyond.”