AAB, the tech-enabled business critical services group, has been recognised as the top financial adviser for M&A activity in Scotland, according to Experian’s United Kingdom and Republic of Ireland M&A Review.
The review, which ranks financial advisers for deals by volume, revealed that AAB retained its top position in Scotland for Q3 2023 from the previous quarter.
While overall Scottish M&A activity has experienced a downturn, with 25% fewer deals taking place than the previous year, AAB has continued to benefit from its strong market position and advised on deals across energy, tech, food and drink, construction & property and business services sectors. Deal activity in the tech sector has proved particularly resilient.
AAB’s resilience in the challenging economic landscape has been further recognised in the Top 50+50 Accountancy Firms league table, as reported by Accountancy Age. The firm climbed 5 places to secure a position at 21. The league table ranks firms by UK fee income for the last financial year.
Commenting on these achievements, Gordon Steele, Head of Corporate Finance at AAB, said: “In a climate of market volatility and challenges in companies, many businesses have delayed investment decisions, resulting in a downturn in M&A activity. It’s gratifying to see that our strategic acumen and commitment to excellence, have solidified our position at the forefront of our industry.
“Our team consistently identifies innovative ways to craft and execute deals for our clients. Based on conversations with prospects, and fellow advisors, we are optimistic about the ongoing improvement in transaction activity levels into 2024 and beyond.”
Since securing investment from August Equity in October 2021, AAB Group has completed nine acquisitions and now employs more than 1,000 people across 12 offices in the United Kingdom, Ireland, and the United States.