Kelly Partners has been expanding its footprint through strategic acquisitions in regional accounting firms. That consolidation model seems to be attracting attention again, especially as SMEs seek more bundled financial services.

KPG focuses on recurring revenue from long-term SME clients. That stability in earnings, especially during uncertain economic conditions, makes it appealing in the business services segment.

Their latest trading update showed a steady rise in EBITDA margins. Also, the group’s founder-led model and disciplined capital management have helped them scale without overextending, which is gaining traction among small-cap followers.