Acquisition and promotions
Wylie & Bisset hits M&A trail with McLellan Harris deal
Wylie & Bisset, the Glasgow-based chartered accountancy practice, has hit the acquisition trail and made a trio of promotions to its management team.
The firm has acquired city rival McLellan Harris in a first move to build through acquisition as well organically.
It follows 18 months of internal restructuring with the creation of joint managing partner roles for Donald McKinnon and Ross McLauchlan.
Mr McLauchlan said: “The acquisition of McLellan Harris is part of a bigger picture insofar as we are actively considering other acquisition opportunities while looking to continue to grow the business organically.
“The deal, which does not involve any transfer of staff, came about through an informal meeting when Bob Harris, who happened to train me on tax when I undertook my CA training in the 1980s, mentioned his plans for retirement to our senior partner.”
The promotion of Catherine Livingstone to director with responsibility for supporting its growing owner managed businesses client base at the end of last year has now been followed by the promotion of three managers to its corporate department: Eilidh Templeton, Sandy Hogg and Rory McCall.
Wylie & Bisset has nearly doubled in size. It has 11 partners and 137 staff.