Dains Accountants has announced the acquisition of Barringtons, an accountancy practice founded in 1980 that has offices across Staffordshire, Cheshire, and Shropshire.
Barringtons is reportedly a highly regarded provider of accounting and tax services to owner-managed businesses and individuals.
The acquisition follows another record year for Dains, as well as having its prestigious ‘Investors in People Gold Standard’ reconfirmed for the company’s “commitment to people and the key role they play at the heart of the firm’s success”.
In addition, the firm received investment from Horizon Capital in 2021.
Richard McNeilly, CEO of Dains, said: “Barringtons is a well-established and highly credible firm with a high-quality team and client base. We have similar values and strongly believe in delivering impressive results for clients and rewarding careers for staff.
“The acquisition builds on our position within the North Midlands marketplace and is the first of several transactions we hope to complete in 2022.”
Phil Wood, managing director of Barringtons, said: “We have continued to invest in technology and in our team in recent years and we have always been determined to deliver the best possible service to our loyal clients.
“By joining Dains, our ability to deliver an even broader range of services is enhanced and we look forward to working with the Dains team for many years to come.”
Luke Kingston, partner at Horizon Capital, added: “Barringtons is a well-respected business and has performed strongly through the pandemic demonstrating its importance to customers and the critical service it provides.
“We are delighted to have supported Dains on this acquisition as they continue their journey to consolidate the fragmented SME accounting and tax marketplace.”