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Dains Accountants has acquired William Duncan and Co, one of Scotland’s oldest accountancy firms with offices in Glasgow, Ayr, and Kilmarnock.
All of the team at William Duncan will remain in the business, and the firm said the transaction provides the business with an improved client proposition and potential for growth.
Dains added the business has grown consistently in recent years, buoyed by a commitment to the use of technology, alongside high quality personal and tailored relationships.
Horizon Capital supported Dains with the transaction, marking the third acquisition that it has supported the firm with.
Richard McNeilly, CEO of Dains, said: “We have followed the progress of William Duncan for several years and it became increasingly clear that their approach to client delivery and people development is closely aligned to ours. As a long established firm in Scotland, we believe they are ideal partners to spearhead our growth, North of the border.”
Robert Fergusson, managing director of William Duncan, added: “Overnight we have improved the range of services available to our clients and this deal enables William Duncan to become a challenger firm in Scotland.”
Dains were advised by DSW and Forward Corporate Finance (Financial Due Diligence), Deloitte (Tax), and CMS (Legal). William Duncan + Co were advised by Curle Stewart Solicitors.
