Strategic merger combines Beacon’s growth trajectory with FACT Group’s 30-year legacy
Beacon Finance and FACT Group have announced a strategic merger, bringing together two complementary professional services firms in a move that significantly expands their combined technical and sector expertise.
The merger creates a unified team of more than 30 specialists operating across accounting, audit, tax, VAT, payroll and corporate services, strengthening the firm’s capacity to serve an increasingly complex and regulated business environment.
Founded in 2017, Beacon Finance has grown rapidly in recent years, expanding from a small audit outfit into a 20-strong firm providing accounting, audit, tax and payroll services to a diverse client base, in various sectors.
The firm’s leadership team includes three former Deloitte professionals, and its noteworthy growth has been driven both organically and through portfolio expansion.
FACT Group, meanwhile, has been operating in Malta for over 30 years and is well established, particularly in the gaming sector, audit and residency programmes. Under the merger, FACT Group will retain its name, reflecting its long-standing presence and trusted reputation in the market.
The merger allows the combined firm to amalgamate resources, strengthening due diligence capabilities, broadening regulated service offerings and providing clients with access to expertise that was previously offered separately across the two firms.
The move also marks a planned leadership transition at FACT Group, with founder Jesmond Pace, a well-known name in the industry, retiring after three decades in practice.
The firm’s other partner, Matthew Sapiano, will continue as part of the merged organisation alongside the Beacon Finance leadership team, ensuring continuity while positioning the business for its next phase of growth.
The newly formed firm will be led by James Spiteri Staines, Director for Accounting, Payroll and Grants; Michael Spiteri Staines, Director for Audit and Residency; and James Cuschieri, Director for Audit and Tax, alongside FACT Group partner Matthew Sapiano, Director for Audit and Consultancy.
Commenting on the merger, the newly formed firm told Times of Malta that the decision was driven by strategic fit and long-term sustainability.
“This move is about bringing together complementary strengths, expanding the services we can offer clients, and building a structure that supports succession, resilience and continued investment in people,” they said.
