Dains eyes Top 30 with major East Midlands acquisition
Derby-, Birmingham and Burton-based accountancy firm, Dains, has swooped for HSKSG, which has offices in Nottingham, Derby and Uttoxeter.
Dain says the deal is a “major step” towards it becoming a Top 30 accountancy firm in the UK.
The deal comes just a month after Dains snapped up PSTAX and S3TAX, specialists in the public sector and not-for-profit VAT and employment tax.
Richard McNeilly, CEO of Dains, said: “We have followed the progress of HSKSG for several years and it became increasingly clear that their approach to client delivery and people development closely aligned with ours. As a long-established firm in the East Midlands, we believe they are ideal partners to support our continued growth in the Midlands.”
Colin Peacock, managing director of HSKSG, added: “We have continued to invest in our target markets and our team in recent years and we have always been determined to deliver the best possible service to our loyal clients. By joining the Dains Group, our ability to deliver an even broader range of services is enhanced and we look forward to joining the Dains team on this incredibly exciting journey.”
Luke Kingston, partner at Horizon Capital, the private equity firm that backs Dains, said: “We are delighted to have supported Richard and Dains on their fifth acquisition and welcome the fantastic team at HSKSG into the Group. This is another exciting addition to the Group which has more than doubled since we first invested, and we look forward to this strong momentum continuing.”
Dains was advised by Dow Schofield Watts and Forward Corporate Finance (financial due diligence), and CMS (legal). HSKSG were advised by Actons Solicitors.
