AAB and Hardie Caldwell collectively reported a combined turnover last financial year of £30m with ambition that the merger will increase this to deliver a total group revenue of £50m by 2025.
AAB expects to strengthen its existing 330-strong team with further recruitment later this year whilst also confirming that there will be no job losses as a result of the merger.
The Hardie Caldwell business in Glasgow will also be rebranded becoming AAB with immediate effect.
Furthermore, the three Hardie Caldwell partners, Angus McCuaig, Douglas Emery and Pauline McGarry, will all become AAB partners with McCuaig the current managing partner of the firm, assuming the role of AAB’s managing partner in Glasgow.
Graeme Allan, chief executive at AAB, said: “This is a fantastic development for both businesses with a shared vision of providing an awesome client experience and supporting our clients’ diverse needs across sectors and geographies.
“The merger provides AAB with a greater geographical footprint and gives us a key presence in Glasgow which will help us realise our growth strategy to 2025 and beyond. This is an extremely important milestone for the group.”
McCuaig added: “We have a long history of working in partnership with AAB and look forward to moving this on to the next level through the merger of the two firms.
“We are hugely excited by the opportunities this creates for both our staff and clients as we embark on exciting growth plans to create a much larger AAB business in Glasgow and across the wider Central Belt.”