FRP Advisory Group plc announced the acquisition of commercial finance and risk management specialists Hilton-Baird Group* for a consideration of £7 million plus an amount for the net assets acquired on completion which company estimate to be £1.4 million and a three-year performance based earn-out linked to profit in excess of a hurdle. The total consideration is split between cash of £5.6 million, the issue of new ordinary shares worth a value of £2.8 million and the performance based earn-out. The Company will continue to operate under the Hilton-Baird brand and sit within FRP's Debt Advisory pillar.

Four of the firm's Directors, Alex Hilton-Baird, Evette Orams, Graham Bird, and Ian Tramaseur will join FRP as Partners, with the rest of the Hilton-Baird team comprising 36 colleagues also joining FRP.