Audit, accountancy and business advisory firm Scott-Moncrieff has announced plans to merge with accountants Campbell Dallas, becoming part of the CogitalGroup.
The deal, which is for an undisclosed sum, will see all 16 Scott-Moncrieff partners and 220 staff transfer, creating one of Scotland’s largest accountancy and business services firms.
The joint business will employ 45 partners and over 500 staff in Scotland, operate from 11 offices from Inverness to Ayr, and have a combined fee income of approaching £40m per annum. The deal will take effect from 3 May.
The deal with Scott-Moncrieff follows on from Campbell Dallas joining Baldwins and the CogitalGroup in October 2017. At that point, plans were announced to drive growth in Scotland through a combination of acquisitions and organic expansion.
Stewart MacDonald, managing partner at Scott-Moncrieff, said: “Joining Campbell Dallas and the CogitalGroup presents an exciting opportunity for our clients and our people. Together, Scott-Moncrieff and Campbell Dallas will be able to provide our clients access to a wider range of additional services and to more efficient ways of working.”
Chris Horne, managing partner of Campbell Dallas, added that the merger is a “pivotal deal for the firm and for Scotland’s accountancy sector”.
He said: “By joining with Scott-Moncrieff the whole UK business gets access to one of the country’s strongest public and third sector firms as well as expanding our geographical footprint in the North and East of Scotland.
“We will also be providing our staff with more opportunity for rewarding and varied careers whilst we remain focused on being the leading adviser to entrepreneurial businesses and providing the best technology driven client services.”