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MHA has entered the Scottish market through its merger with Aberdeen firm Meston Reid and Co, which provides a full complement of accountancy and business advisory services to clients in the North-East of Scotland.
The merger will enhance the services offered to existing clients, while expanding MHA’s offering in the UK in line with the firm’s growth strategy.
This merger, which is the firm’s first move into Scotland, is the third deal MHA has agreed this year following mergers with two firms in Wales.
Established in 1990, Meston Reid and Co is based at Carden Place and the office will now come under the MHA banner. All five partners – Michael Reid, Mark Brown, William Anderson, Alan Stewart and Martin Cheyne – will remain with MHA.
Rakesh Shaunak, managing partner and chairman of MHA, said: “We are delighted to secure our presence in Scotland. Meston Reid and Co is a significant merger for MHA, enabling us to continue expanding and investing within a thriving business community in a region which has great synergies with MHA’s growth sectors.
“This strategic merger will enable Meston Reid’s clients to access a new range of specialists and an enhanced national and international offering, while still retaining a highly personal local service.”
Michael Reid, managing partner at Meston Reid and Co, added: “To continue to provide an ever progressive and evolving level of service to our clients in terms of range, scope and reach, we felt it was time to partner with a larger and equally ambitious organisation.
“By merging with MHA, we can expand our offering to clients by accessing their specialists within the Baker Tilly International network. Following previous interactions with MHA and by gaining a deeper understanding of their values, ethos and client-centric approach, it became clear to us that they were an ideal partner.”
All 29 staff at Meston Reid and Co will stay with the firm. The practice has strong expertise in tax, audit, insolvency, corporate finance, business advisory, payroll and landed estates. It has a diverse client base, spanning SMEs to larger companies across various sectors, including energy.
MHA is seeking to add additional staff to the Aberdeen office and is also considering further mergers in Scotland as part of its strategy. MHA now has 20 offices across the UK.
