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DJH has announced the acquisition of MSD Accountants in Dublin to support clients operating across the European Union (EU).
The move also strengthens MSD’s existing link to the United Kingdom for clients already active there.
The 30-strong team at MSD, based in Santry Business Park, will continue to be led by managing partner Richard Daly and head of assurance Brendan Murtagh. The firm stated that it would be “business as usual”.
Founded in 1990, MSD Accountants offers advisory, assurance, business support and tax services to subsidiaries of multinationals, mid-size private companies, family businesses and larger organisations working across multiple jurisdictions.
Its team serves a broad range of sectors, including professional services, entertainment, hospitality, construction, automotive, distribution, information technology and communications.
The partnership marks a step toward DJH’s goal of becoming one of the UK’s top 20 accountancy and professional services firms, supported by its private equity backer Tenzing.
DJH has made 15 acquisitions in four years and now employs 670 people across offices in Altrincham, Bexley, Bury, Chester, Derby, Halesowen, Huddersfield, Leeds, Manchester, Nantwich, Sheffield, Stoke-on-Trent and Walsall.
James Beardmore, chief operating officer, said: “Dublin is one of the most significant financial hubs in Europe, with a strong economy, favourable corporate tax rate and, post-Brexit, it has become an increasingly attractive access point for UK firms looking to trade with the EU.
“We’ve aspired to have a presence in the city for a long time and MSD Accountants is the perfect fit, with its reputation for fantastic service and specialisms in several aligned sectors for us.”
He added: “Importantly, it gives DJH multinational service capability and EU regulatory compliance for UK clients looking at cross-border planning, tax efficient structures and expanding their European operations through an Irish presence.”
Daly concluded: “It is fantastic to be joining the DJH group and all the additional expertise, enhanced capabilities and international reach that comes with it.
“The two businesses share similar values of trust, transparency, quality and client service. Joining DJH will benefit our existing clients through enhanced infrastructure and, for our clients operating in the UK, we will now have a full-service integrated offering there.”
