Opulus Financial has acquired Glasgow-based accountancy firm Nicolson Accountancy.
The deal is its largest since launching as a chief financial officer solutions business at the end of last year.
Founded by Angus and Sue Nicolson more than 20 years ago, Nicolson Accountancy has offices in Glasgow, Kilmarnock and Stornoway, providing accountancy, tax and payroll services.
The transaction, funded by previous investment made by N4 Investments and start-up support from Virgin Money, allows Opulus to expand its footprint throughout the country.
The fourth deal since inception joins smaller acquisitions of John Kerr & Co in Saltcoats, Alexander Marshall in Motherwell and Craig Cleland in East Kilbride.
Angus and Sue Nicolson will continue working with chief executive Matthew Garstang and the wider Opulus team to help strengthen the accountancy, tax and payroll element of the business.
Garstang commented: “Nicolson Accountancy is a highly regarded practice in the industry and both Angus and Sue bring a wealth of accountancy and tax experience.
“Their knowledge will be invaluable to the business going forward as we look to further expand our presence across Scotland.”
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