Dains Group has made its first acquisition since securing private equity backing with a move that expands its operations in Scotland.
The accountancy and advisory services provider to the SME market has joined forces with Consilium Chartered Accountants, based in Glasgow.
The deal significantly strengthens the client proposition in corporate tax, audit, and corporate finance and brings the number of people in the Scottish team to almost 200, with offices across the central belt.
Graeme Bryson, Scotland Managing Partner at Dains Group, said: “We were attracted to Consilium because of their advisory mindset and strong cultural values.
“It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”
David Holt, Partner at Consilium, said: “Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team.
“Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”
Dains was established in Lichfield 1926 and still has an office in the city, as well as others across the county.
European private equity firm IK Partners (IK) struck a deal to acquire a majority stake in Dains in December.
This is Dains Group’s 11th acquisition since 2021.
CEO Richard McNeilly said: “We are delighted to welcome Consilium to the Dains Group.
“It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial.
“We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co, and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”
