Sagars deal takes AAB into north of England
Merger partners: Chris Jones and Graeme Allen
Accountancy and business services group Anderson Anderson & Brown (AAB) has expanded into the north of England with the acquisition of Leeds-based Sagars.
Sagars was founded in 1926 and has grown to become one of the largest independent accountancy firms in Yorkshire with 100 staff and revenue of £7.5m.
The deal, which has been termed a merger, will create a group with 450 staff and a combined revenue of more than £40m in the current financial year with plans to deliver £70m by 2026.
Sagars will maintain its own brand following the merger but will become part of the Aberdeen-based AAB group.
The tie-up comes after London-based August Equity acquired a majority stake in AAB with a “significant” investment.