Gordon Dadds makes fourth acquisition since August

Gordon Dadds announced on Monday that it has acquired Cardiff solicitors Thomas Simon Limited for £1.875m, plus an amount related to net tangible assets.

The business will be merged with Gordon Dadds’ current Cardiff presence, which has grown significantly since being established as a back-office hub five years ago, and will trade under the Gordon Dadds name.

Thomas Simons' main business areas are in property, corporate, dispute resolution, private client and family law and the business achieved an unaudited profit before tax of £0.43m.

Adrian Biles, chief executive of Gordon Dadds, said: "We are delighted to have been able to merge our Cardiff office with Thomas Simon's, blending different skill sets to enhance the Gordon Dadds' offering and grow the enlarged business. In addition, we should achieve economies of scale from merging the support functions over time."

This is the fourth acquisition that Gordon Dadds has made since its IPO in August, having purchased Bristol-based law firms Metcalfe Solicitors and Burroughs Day, as well as corporate and technology firm White & Black.

"We shall be focusing over the coming months on realising the benefits of these acquisitions and, in particular, on driving the cross-selling activity which grows the revenue and profitability of the existing and acquired businesses," said Biles.

As of 1214 GMT, Gordon Dadds’ shares were up 1.2% at 168.00p.