AAB secures top spot as Scotland’s leading financial adviser in M&A activities

Gordon Steele, Head of Corporate Finance at AAB

AAB, a tech-enabled business critical services group, has emerged as the predominant financial adviser for mergers and acquisitions (M&A) in Scotland, as outlined in Experian’s latest United Kingdom and Republic of Ireland M&A Review.

In a market characterised by a 25% decrease in M&A activity compared to the previous year, AAB has not only retained its top position for Q3 2023 but has also showcased resilience and adaptability across diverse sectors, including energy, technology, food and drink, construction & property, and business services.

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Despite the challenging economic climate, AAB’s strategic prowess and commitment to excellence have propelled the firm to the forefront of the industry. Gordon Steele, Head of Corporate Finance at AAB, remarked on the achievement, stating, “Our team consistently identifies innovative ways to craft and execute deals for our clients. 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.”

AAB’s success is not limited to M&A accolades alone; the firm has also demonstrated resilience in the face of economic challenges, as reflected in its climb of five places to secure the 21st position in the Top 50+50 Accountancy Firms league table, based on UK fee income for the last financial year, as reported by Accountancy Age.

Since securing investment from August Equity in October 2021, AAB Group has executed an impressive series of nine acquisitions, expanding its reach and influence. The firm now boasts a workforce of over 1,000 individuals spread across 12 offices in the United Kingdom, Ireland, and the United States.

Looking ahead, AAB remains optimistic about the future, anticipating a gradual improvement in transaction activity levels into 2024 and beyond. As the market undergoes shifts and challenges, AAB’s ability to navigate complexities and consistently deliver value to clients positions it as a formidable player in the financial advisory landscape.

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