Restructuring and insolvency specialists Greenfield Recovery has announced that it finalised the acquisition insolvency practice Cirrus Professional Services.

Cirrus Professional Services was established by ICAEW-licensed insolvency practitioner Simon Gwinnutt. Gwinnutt has over 30 years of restructuring and insolvency experience, both corporate and personal.

Cirrus Professional Services has historically undertaken client assignments from professional referrers, such as accountants and solicitors.

As part of the transaction, two employees will also join Greenfield Recovery. The news comes as Greenfield Recovery also announces the acquisition of two other licensed insolvency practices: GBR Corporate t/a Guardian Business Recovery in London and Compass Financial Recovery & Insolvency in Tunbridge Wells.  The acquisitions are further recent accomplishments in Greenfield Recovery’s growth plans.

Richard Till, Managing Director of Greenfield Recovery said “The acquisition of Cirrus Professional Services brings both cost and revenue synergies. It boosts our market share, expertise and reach across the Midlands.  I am very pleased they have joined us”.

Gwinnutt said of the acquisition, “Being part of Greenfield means access to considerable resources and expertise and I am energized by the opportunity to have joined a dynamic and expanding national operator”