Radius buys US tax and compliance advisory firm Montage Services
Montage Services, a tax and compliance advisory firm based in the US, has been acquired by Radius, an advisory and technology company specialised in growth services. As part of the deal – terms of the transaction have not been disclosed – roughly twenty employees transfer to Radius’ advisory business.
Founded in 2003, by Scott Wentz, a former partner at Arthur Andersen (nowadays Accenture), Montage Services is a San Francisco-based consulting firm that provides clients with structuring and tax advice, finance and business consulting services. The company, which since inception launched a second office in London, works for a range of corporates and blue chip clients, including Deutsche Bank, Jefferies, the London Stock Exchange, Synechron, The times Group and UniCredit.
Last week Wentz unveiled that the firm has been picked up by Radius, an international player that support clients with a range of advisory and technology services, as well as solutions, geared at enabling market expansion. The Boston-headquartered firm has, on the back of organic expansion and an M&A strategy (the PE-backed company was formed in 2014 through the merger of two peers), been growing fast of late – its team today consists of 800 employees in seven countries.
With the move, Radius bolsters its advisory unit, with the aim of capitalising on the growing demand for expansion expertise and guidance, which, according to Radius CEO Stephen Chipman, is booming. “Demand is unprecedented, and we’re strategically expanding to meet it,” he says.
Montage’s office in San Francisco will be consolidated within Radius’ operations in the same city, with its service offerings integrated into the firm’s advisory portfolio. Together with its office in San Jose, Radius now has more than 35 consultants based in the West Coast of the US, while the firm too sees its satellite advisory operations in the UK (London; Bristol) benefit from the bolt-on. “The fact that the seasoned Montage team will hit the ground running as part of our expanding advisory team is a big win for our existing and future clients,” reflects Chipman, who has been in the role just a month now, having previously served as CEO of Grant Thornton US, among others.
Commenting on the joining of forces, Wentz says that is proud of the firm’s heritage (“We’ve worked hard to build a business that’s known for delivering value and valued client service”), adding that under the wings of Radius he expects that the firm can continue to pursue its ambitions with “even more resources and greater opportunity.”
