Aberdeen-based accountancy firm, Acumen Accountants, is expanding following the successful 6-figure acquisition of fellow North-east firm, Graeme Munro & Company Ltd.
The firm officially acquired the accountancy practice on October 24, 2023. The move to acquire Graeme Munro & Company was driven by Graeme’s retirement. All four of the remaining staff now join the Acumen team, bolstering their overall workforce to a total of 38 employees.
Acumen’s Managing Director, Ross Murray said: “The acquisition of Graeme Munro & Co fits into our ambitious growth strategy, giving us a further foothold in Aberdeenshire. It will allow us to offer our services to an expanded client base, supporting local and rural businesses with first-class, tailored and flexible tax, accountancy and wealth services.
“Over the next twelve months, we expect to complete further mergers and acquisitions with aspirations to become one of the top 100 accounting firms across the UK. We have a fantastic team at Acumen, and I’m excited to build and expand the firm and collectively deliver the best possible service to all our existing and new clients.”
Graeme Munro commented: “In planning for retirement, my desire was to pass the business and my clients onto a local, professional firm where they would be well looked after. With Acumen I know they will be in safe hands. Our values are very much aligned and I know the team will continue to care for clients in the way they have come to expect and will benefit from the introduction of new technologies and expanded services.”
Established in 1994, Acumen Accountants and Advisors is an independent, Aberdeenshire-based accountancy firm offering the latest professional advice in finance and taxation to over 2,000 clients across Scotland, the UK and abroad. With offices now in Portlethen, Inverurie, Keith and Aberdeen the company employs 38 staff, offering tailored and adaptable tax, accountancy and wealth services including compliance, VAT, payroll, year-end accounts and self-assessments to a host of clients including sole traders, partnerships, limited companies, limited liability partnerships and charities. More information about Acumen is available at Accountants Aberdeen | Acumen or by calling 01224 573904.