Rialto acquires local accountancy firm

Monday 15 August 2022

Rialto has successfully acquired outsource bookkeeping, accountancy and tax practice Purpose.

It follows the acquisition of Maillard & Co last year.

Oliver Mourant, Director of Rialto, said: "We are absolutely thrilled to add Purpose as the next company in our portfolio of local professional services businesses. Their energy, professionalism and customer care is, in our opinion, second to none. This acquisition really puts us on our way to delivering our vision of a rewarding local pension fund for local people, bringing with it opportunities for further acquisitions and their team of best-in-class business advisors."

Julie Heaven, Director at Purpose, added: "The team at Purpose has grown to a size which required more and more administrative effort. Now we have the support of Rialto's 'shared services' team it leaves us free to focus on doing what we do best."