finance

Anderson Anderson Brown secure investment to accelerate growth plans



Anderson Anderson and Brown (AAB) has secured a significant investment to help fast track its growth plans to become a key UK regional player in the accountancy and wider business services market.

It has offices in Aberdeen, Edinburgh and Glasgow, and plans to use the investment from August Equity to build its market share across the central belt of Scotland alongside growing the number of regional hubs it operates from in key major cities across the UK.

AAB also has a London office focussed on payroll, global mobility and virtual finance which supports some of the group’s largest UK and international clients.

The investment in AAB will also facilitate investment in people, both existing and those who recognise the opportunities being created across the group.

It will allow AAB to invest further in tech following the doubling of spend in this area during 2021 and help the firm pursue merger and acquisition opportunities across the UK.

Graeme Allan, chief executive at AAB, said: “We are enjoying a fantastic period of growth but see so many opportunities to invest more heavily to fast-track this. As we grow, we will remain committed to investing and developing our people and of course clients will benefit as we expand our portfolio of tech-enabled services for the small to medium sized enterprise (SME) and enterprise markets.”

David Lonsdale, partner at August Equity, added, “We are delighted to be investing in AAB and we are excited to be working with Graeme and the team. We look forward to working together to accelerate the growth of AAB and build a leading tech-enabled, business critical services group which is highly differentiated in the market.”

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