Equity directors Maxine Heppenstall and Ian Haynes acquired the entire share capital of the practice as part of the transition. Ms Heppenstall, who continues as managing director, said: "With Keith and Stuart taking retirement, Ian and I decided that, alongside the management buyout, it was the perfect time to restructure the senior team. "Walker Foster is an established and respected firm and this is an important step in its progression and growth, ensuring continuity, fresh perspectives and strong leadership." The 80-strong firm, which was founded in 1919, has also formed a new board of directors as part of the restructure. The management buyout was supported by Schofield Sweeney.