AAB buys French Duncan in largest acquisition to date

Fast-growing Aberdeen headquarted accountancy group AAB said it has acquired professional services firm French Duncan in its largest acquisition to date.

AAB Group now employs more than 1,000 people across the UK, Ireland and internationally.

“Since securing investment from August Equity in October 2021, AAB has been on a strategic growth journey with this latest acquisition marking the eighth business to join the group in the past 18 months,” said AAB.

“French Duncan has long been recognised as one of the leading providers of professional services in Central Scotland and employs more than 200 people across offices in Glasgow, Edinburgh and Stirling.

“The firm provides a wide range of accountancy and business advisory solutions to support privately owned businesses, small and medium-sized enterprises (SMEs) and individuals to reach their business and personal goals.”

The combined AAB and French Duncan teams employ more than 350 staff strong across Central Scotland.

“The addition of French Duncan will build on the existing AAB Group specialist teams in audit, tax, business advisory, corporate finance & payroll/HR (including health & safety) and doubles the size of the AAB restructuring & recovery team across the UK & Ireland,” said AAB.

“It also introduces 50+ leisure & hospitality finance specialists to the group who provide bespoke hotel accounting services to clients across the UK.

“From Thursday 27th April, French Duncan will begin trading as AAB, with FD Hotel Accounting trading as AAB Hotel Accounting and FD People trading as AAB People. French Duncan Wealth Management and FD Intelligence do not form part of the transaction.”

AAB CEO Graeme Allan said: “This is our largest strategic acquisition to date and significantly strengthens our market position in Scotland.

“We are truly delighted to welcome the French Duncan team to AAB.

“We share a passion for supporting clients to achieve their goals by offering an unparalleled range of services to the businesses and individuals who choose to work with us and I know our teams will be able to provide an even better service to our clients as a result of this deal.”

French Duncan Managing Partner Graeme Finnie said: “This deal is a superb next step for the French Duncan team.

“We have admired the journey AAB has been on and by joining the group ourselves we will create unmatched opportunities for our teams and our clients through enhanced technology, investment and expertise.”

Finnie will take on the role of Managing Partner – Glasgow for AAB following the deal.