Gerald Edelman acquires majority stake in WTT
The acquisition opens avenues for cross-collaboration between client bases, enhancing the service offered by both firms
Gerald Edelman has acquired a majority stake in WTT, a provider of consulting and advisory services focused on the contracting industry.
The acquisition comes as Geral Edelman looks to expand its service portfolio to provide clients with a broader range of specialised solutions.
WTT offers tax planning for individual contractors and advice for corporations engaging contractors through personal service companies along with deep expertise in tax investigations from a wide range of practice areas.
The acquisition opens avenues for cross-collaboration between client bases, enhancing the service offered by both firms. This includes tax investigation services, accounting and basic taxation services for specific client segments, VAT, corporate finance, and other advisory services.
Carl Lundberg, partner at Gerald Edelman, said: “Gerald Edelman’s acquisition of a majority interest in WTT provides us with access to the market-leading tax investigation advisory services provided by the team at WTT and enables WTT and their client base access to the wider services offered by Gerald Edelman.
“The acquisition aligns with our mission to think beyond accountancy by expanding our suite of services to add more value to existing clients and reach new ones.”
WTT’s managing director, Rhys Thomas, who has retained a material stake in the firm, will play a “pivotal” role in the post-acquisition landscape.
Thomas said: “We see immense potential in combining forces with Gerald Edelman. This partnership will leverage our respective strengths, enabling us to offer a more comprehensive suite of services and expertise for our clients.”
