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Sumer-owned firm, EQ Accountants, has announced a merger with Edinburgh-based McDonald Gordon and Co today (1 May), marking its third deal in the last 12 months.
The merger marks a milestone in EQ’s growth strategy, which aims to triple its turnover from £11m to £30m over the next four years.
McDonald Gordon and Co, which was established in 1980, will strengthen EQ’s presence in the Central Belt, an area which has been identified as key in the firm’s wider growth strategy.
Craig Nicol, chief executive of EQ Accountants, said: “Bringing McDonald Gordon and Co into EQ is a considered and strategic move that reflects our ongoing commitment to supporting Scotland’s SME sector. Their long-standing reputation, loyal client base and shared values make them an ideal fit.
“This partnership enhances our reach across Central Scotland and ensures more business owners have access to the depth of expertise and resource EQ can offer.”
Raymond Paterson, director at McDonald Gordon and Co, added: “We took our time in choosing the right partner for the next chapter of our business. EQ stood out as a major player in the SME space, with values that align strongly with our own.
“Joining EQ gives us access to greater resources, specialist knowledge and the backing of a larger team, all of which will benefit our clients immensely.”
Along with the merger, EQ announced the promotion of Michelle Murray from principal manager to partner and hired Ged McLaughlin (corporate finance), Dougy Agnew (corporate tax), and Hazel Burt (personal tax) to expand its expertise and client service.
