New Town Partnership and Hanover Berkeley, both headquartered in Edinburgh and with London offices, are announcing a formal merger with income forecast to reach £2 million by the end of 2026.

Initial discussions about joining forces first took place three years ago and New Town Hanover will now formally launch this month. The four partners – Jane Gilchrist and Louise Gibson from New Town Partnership and Paul Dixon and Chris O’Brien from Hanover Berkeley – collectively bring together decades of experience, helping to develop leadership teams and C-suite talent across multiple business sectors.

Jane Gilchrist said: “Both parties were well aware of each other and the considerable reputations our respective firms had built up over the last 10 years. We are very much partner-led, offering a personal and client focused approach.

“This merger will also allow us to launch a new strategic advisory service, offering wider support to our clients as they develop and transition their leadership and board teams, expanding our ability to target new sectors beyond our current areas of recognised expertise.”

Key sectors going forward include expanding further into financial and professional services, renewables, health-tech, infrastructure and data centres. Paul Dixon said: “We are merging deep sector knowledge with generalist capabilities and the diversity of our leadership team is a great strength going forward.

“The new partnership combines our shared values focusing on long lasting relationships and our trusted adviser reputation.

“Both our businesses have enjoyed year on year growth over the last decade and we aim to build on this success. Over the next couple of years, we will be aiming to grow our own headcount and we will also be looking at further expansion opportunities with like-minded businesses.”