Business services group Anderson Anderson & Brown (AAB) has announced a merger with FPM, an all-Ireland business advisory firm.
The deal aims to build on its regional presence across the UK and creates a new hub across the island of Ireland.
FPM is an independent audit, accounting, tax and business advisory firm with revenue of around £9.5m and a team of over 120 people across offices in Belfast, Balbriggan, Newry, Dungannon and Mallusk.
Its nine shareholder directors will remain in their current roles.
AAB Group has grown rapidly in the last 12 months, following three deals and investment from August Equity in October 2021.
Following the merger, AAB plans to continue seeking further growth via mergers and acquisitions, looking to strengthen its team with further recruitment across all locations.
The group with now has more than £50m in revenue and over 550 team members in 10 offices across the UK and Ireland.
Graeme Allan, chief executive at AAB, commented: “This merger is a very important milestone for the group.
“With FPM, we gain an impressive team with a great reputation and significant presence across the island of Ireland.”
Feargal McCormack, managing director at FPM, added: “The synergies across our teams, service provision and sector specialisms, provide a fantastic platform for exciting future growth.
“In addition to this, we were attracted to AAB as the group has impressive global connections and experience working with high-growth SME businesses and large corporations internationally.”
The AAB group now comprises: the main firm of Anderson Anderson & Brown, A2+B, Anderson Anderson & Brown Wealth, Anderson Anderson & Brown Consulting, Hardie Caldwell, Sagars, John F Daly Associates, Purpose HR, SeeHearSpeakUp, and FPM.
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