Dains completes two key acquisitions

Accountancy firm Dains has announced the completion of two further strategic acquisitions,  Dublin-based McInerney Saunders Chartered Accountants and Midlands-based Magma Chartered Accountants. 

McInerney Saunders have been providing commercial and advisory support to businesses both in Ireland and internationally for over four decades. 

Dains and McInerney Saunders have collaborated to serve international clients for many years and by joining forces, the enlarged group will deliver additional services to a growing client base.

Owen Sheehy, managing partner at McInerney Saunders, said: “The uniformity of the firms’ culture combined with the expertise of our teams will create a powerhouse of financial knowledge and capabilities. Joining the Dains Group allows us to leverage their extensive resources, cutting-edge technology, and deep industry insights to enhance the value we bring to our clients. 

“This synergy will undoubtedly result in a stronger, more versatile firm that can navigate the complexities of the ever-evolving financial landscape.”

Magma managing director Mark Tuckwell has championed the decision to join the Dains Group of businesses, where the new office locations provide a growing footprint to the group. The Magma offices in Leicester and Rugby knit seamlessly to the recent acquisition of Nottingham based HSKSG, pushing the influence of the group further into the East Midlands.

Tuckwell said: “We are excited to join forces with the Dains Group and bring our collective expertise to a broader audience. Our shared values and commitment to client satisfaction make this integration a natural fit. We look forward to the opportunities and growth that lie ahead as we embark on this new chapter together.”

Richard McNeilly, CEO of Dains, said: “We enter 2024 with terrific news. Today marks a significant milestone in our growth story and underscores our commitment to expanding our presence and capabilities in key markets. Our Midlands presence is substantial, and we are delighted to welcome the Magma team to Dains Group. 

“Simultaneously, the acquisitions of McInerney Saunders and Magma are not only strong additions to the group, but a coming together of like-minded professionals who share common values. This alignment of culture and values will ensure a smooth integration process, creating a unified and cohesive team dedicated to achieving shared goals.”