FRP has announced the bolt-on acquisition of APP, a Cyprus-based provider of advisory, tax and audit services. This is FRP's first overseas deal and will enhance the company's abilty to service clients on international matters. The APP team is well-known to FRP, with Cyprus representing a market with strong connections to the UK. Financial details are not disclosed, and as the acquisition is relatively small (16-person team) in the context of FRP's scale, we leave our forecasts unchanged. We see ....
