FRP Advisory Group plc (AIM:FRP) agreed to acquire JDC Group on Septemebr 16, 2020. Consideration includes cash, founder deferred consideration and the issue of 1.18512 million new ordinary shares for a total of £5.3 million plus a further payment contingent on the net assets of the JDC Group at completion of the transaction. Jon Dodge, Dave Howes, Chris Adlam and Fiona Hotston Moore, four directors of JDC Group will join FRP as Partners along with all staff, including 10 further fee earners. JDC Group reported revenue of £3.1 million and EBITDA of £1.2 million for the year ended March 31, 2020. Max Hartley, Max Gould and Alex Pollen of Cenkos Securities plc (AIM:CNKS) acted as financial advisors to FRP Advisory Group. FRP Advisory Group plc (AIM:FRP) completed the acquisition of JDC Group during the period of six months ending October 31, 2020.