Dains Group acquires TBAT Innovation to expand R&D advisory services

Dains Group has acquired TBAT Innovation in its third deal since securing private equity backing from IK Partners, as it seeks to build a leading SME advisory business in the UK and Ireland.

TBAT, founded in 2002, advises businesses on research and development (R&D) tax incentives, grant funding and innovation support. 

The Castle Donington-based consultancy has experience across sectors including engineering, software, AI and life sciences, with consultants working remotely across the UK.

The TBAT leadership team, managing director Ryan Mouncy, founder and commercial director Sam Stephens, and finance director Elaine Williams, will continue to run the business under the Dains Group umbrella.

Advisers on the deal included DSW, PDW, Cyber Crowd and Mercia for Dains, and PKF Smith Cooper and Smith Partnership for TBAT.

Richard McNeilly, chief executive of Dains Group, said: “TBAT’s expertise in R&D tax incentives, grant funding and innovation support will strengthen our specialist tax and advisory services and open new opportunities for clients to access funding that fuels growth.”

Stephens added: “Joining the Dains Group marks an exciting new chapter for TBAT. Both teams share a commitment to building lasting relationships and delivering clear, pragmatic advice. Together, we’re in a stronger position than ever to support businesses across the UK in turning ideas into sustainable growth.”