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We announced today that we have been acquired by alliantgroup, the premier provider of tax credits and incentives in the United States. Financial details were not disclosed.

Established in 2013 by entrepreneur Simon Brown CTA, ForrestBrown is headquartered in Bristol and was recognised as the ‘best independent consultancy firm’ by the Taxation Awards. We are proud to serve thousands of innovative UK businesses across all sectors and last year delivered more than £75 million for its clients.

Who is alliantgroup?

alliantgroup is the leading provider of federal and state tax incentives in the United States. It has helped more than 12,000 businesses claim more than $6 billion in tax incentives. Headquartered in Houston, Texas, alliantgroup’s 800-strong team of experts has been at the forefront of tax legislation, representing the needs and interests of SMEs.

With this acquisition, we become a wholly owned subsidiary of alliantgroup. The ForrestBrown brand, all 63 employees and its Bristol headquarters will be retained.

“We are incredibly excited to become part of the alliantgroup family and to expand its footprint outside of the UK. Having alliantgroup on our side will enable us to continue to grow – without compromising the high standards we set. By leveraging alliantgroup’s scale and resources, we will be able to move faster and with more impact in a way we would be unable to do on our own. I am confident that our new affiliation will make us better as a business and result in an improved service for our clients.” Simon Brown, managing director and founder, ForrestBrown

We also announced today that Dr Mark Mason MBE will step down as Executive Chairman.

“This deal is a testament to the hard work of Simon and the ForrestBrown team. Together, they have not only created one of the fastest-growing businesses in the UK, but have also positioned themselves as the premier R&D tax credit consultancy in the UK. I’m delighted to have supported ForrestBrown through this acquisition and I'm confident that together we've found the right partner for the next step in ForrestBrown's journey." Dr Mark Mason MBE, Entrepreneur and angel investor

Our shareholders were advised on the sale of ForrestBrown to alliantgroup by Momentum Corporate Finance LLP and Osborne Clarke LLP.