Dains Accountants has acquired William Duncan + Co Group.
William Duncan is one of Scotland’s oldest accountancy firms, with offices in Glasgow, Ayr, and Kilmarnock.
Richard McNeilly, chief executive of Lichfield-based Dains, said: "We have followed the progress of William Duncan for several years and it became increasingly clear that their approach to client delivery and people development closely aligned to ours.
"As a long established firm in Scotland, we believe they are ideal partners to spearhead our growth north of the border."
Robert Fergusson, managing director of William Duncan, commented: "Overnight we have improved the range of services available to our clients and this deal enables William Duncan to become a challenger firm in Scotland - we have an ambitious plan and all of our team will remain in the business.
"In fact, I have no hesitation in saying that we have no shortage of opportunities for progressive professionals wishing to join a group that really values its people."
Dains is backed by private equity firm Horizon Capital, whose partner Luke Kingston added: "We are delighted to have supported Richard and Dains on their third acquisition and welcome the fantastic team at William Duncan into the group."
Dains was advised by DSW and Forward Corporate Finance for due diligence, Deloitte for tax matters and CMS for legal, while William Duncan was advised by Curle Stewart Solicitors.
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