Anderson Anderson and Brown (AAB) has announced that it has acquired a majority stake in Edinburgh-based Purpose HR.
Purpose HR provides human resources advice and support to early stage and high growth investor-backed businesses through tailored consultancy and “HR as a service” outsourcing.
It was founded in 2014 by Lisa Thomson, a former Saltire Fellow who worked at Wolfson Microelectronics post-IPO and prior to its acquisition by Cirrus Logic in 2014.
AAB said that Purpose HR is a “strategic fit” with the group, complementing the firm’s “high growth areas” including payroll and virtual finance.
The acquisition, which is for an undisclosed sum, follows AAB announcing its growth plans to become a “£50m revenue group” by 2025 and its recent merger with Glasgow-based accountants Hardie Caldwell.
Graeme Allan, chief executive at AAB, said: “As a business critical services group, we are focused on providing solutions for our clients across the key areas of finance and HR. Purpose HR being part of the AAB group enables us to continue to build our capabilities in the HR space and extend our payroll and HR offering to clients.
“We are delighted to welcome Purpose HR to the group and our growing team in the Central Belt, and look forward to exploring the ways in which we can enhance our service offering to existing and new clients across the UK and internationally.”