Thu, 06 Feb 2025 | BUSINESS SALE
Birmingham-based accountants Dains Group has made its first acquisition since receiving private equity backing from IK Partners last December.
Dains has bought Latin-inspired Glasgow-based Consilium Chartered Accountants to expand its Scottish presence.
Consilium, which was founded in 2013, is an independent firm of accountants and business advisors, supporting small and medium-sized businesses in Scotland and the UK. It helps business owners achieve their goals by providing a comprehensive range of services such as Audit, Accounting, Business Advisory and Tax. Its name derives from Latin and, Consilium said, reflects its business ethos: to plan, to advise, to counsel and to share our wisdom in all aspects of business management with clients.
"We were attracted to Consilium because of their advisory mindset and strong cultural values", said Graeme Bryson, Scotland managing partner at Dains Group. "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".
Pete Wilson, partner at IK, added: "It is fantastic to welcome Consilium to Dains, which represents the 11th acquisition by the group since 2021. Dains has a clear ambition to differentiate itself, through offering a high quality, value-adding, comprehensive suite of services for its customers, whilst engaging with the best delivery team in the SME market."
Find out more about the pressure being put on PE firms
This memorandum outlines the opportunity to acquire a group of two companies operating in the mortgage network space. Trading for nine years, these companies have shown impressive growth, with a significant combined turnover.
This practice, established for over 15 years, is available for sale. Practitioner would be available to assist in the transition period to ensure a smooth handover of clients.
This practice, which was established over 30 years ago, is available for sale. Practitioners would be available to assist in the transition period to ensure a smooth handover of clients.
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