Grant Thornton Channel Islands has acquired Guernsey-based chartered accountancy firm Price Bailey.
Grant Thornton says the acquisition will enable it to expand into the local business market, as well as financial services sectors and outsourced finance functions.
Over the past 10 years, the accountancy group has grown significantly and now has a team of 140 in the Channel Islands.
All five Price Bailey staff will join Grant Thornton and, as a result of the acquisition, some of the back-office work currently done by Price Bailey in the UK will now be carried out in Guernsey by Grant Thornton.
Kirsty Warner (pictured) joins Grant Thornton as Director of Business Advisory, having worked at Price Bailey for the past 16 years, most recently as Managing Partner in Guernsey.