Grant Thornton Channel Islands has acquired the chartered accountancy firm Price Bailey in Guernsey, in a move the former said would provide “significant opportunities for further growth”.

Grant Thornton said that the acquisition would enable the firm to expand into the local business market as well as financial services sectors and outsourced finance functions.

This transaction serves to bolster Grant Thornton’s presence in the Channel Islands and supports the company’s growth strategy. In the last ten years Grant Thornton has grown significantly and now has a team of 140 in the Channel Islands.

Cyril...