Anderson Anderson & Brown (AAB) has announced a merger with Leeds-based independent accountancy firm Sagars to expand its UK regional presence in line with its growth plans.
AAB provides audit and accounting, tax, payroll & HR, outsourcing and advisory solutions globally and has offices in Aberdeen, Edinburgh, Glasgow, London and Leeds.
“The two firms are on track to deliver a combined £40m+ revenue in the current financial year with a clear strategy in place to deliver £70 million group revenue by 2026, fuelled by recent investment from August Equity,” said AAB.
“Sagars’ complementary geographic presence will further enhance the wider AAB Group as a key player in the accountancy and business services market in the UK, adding Leeds to its offices in Aberdeen, Edinburgh, Glasgow and London.
“The group’s combined technology and talent – including 450+ team members across AAB and Sagars – will make for one of the UK’s strongest, most expansive portfolios of business services, including audit, accounting, tax, payroll, HR, consulting, wealth and corporate finance.”
AAB CEO Graeme Allan said: “We have worked closely with Chris and the Sagars team over the last 10 years, and they are aligned with our way of thinking.
“Like us, they are driven by a passion for helping people (clients and team members alike) achieve their goals.
“We are hugely excited about the opportunity Sagars presents in Leeds and this merger enables us to support an even wider range of SME and enterprise clients across the UK.”
Sagars managing partner Chris Jones said: “We are delighted to be partnering with AAB in the next phase of our growth journey.
“Through the merger we can achieve our goal of increasing the depth and breadth of the services we offer, whilst retaining an ability to shape our own future.
“We were attracted by AAB because we both have a clear focus on delivering awesome client service, investing in and developing our people and expanding our portfolio of tech-enabled services for the SME and enterprise markets.
“We have no doubt that our complimentary skills and service lines will mean that together, we will be able to do more for our clients, whilst providing great opportunities for all our team in a fast-growing business services group that is highly differentiated in the market.”