ACUMEN Accountants, a prominent accountancy firm based in Aberdeen, has solidified its expansion plans with the successful acquisition of Graeme Munro & Company Ltd, a fellow North-East firm. The 6-figure transaction, officially completed on October 24, 2023, is a strategic move driven by the retirement of Graeme Munro, founder of the acquired firm.
The acquisition has seen all four remaining staff members of Graeme Munro & Company seamlessly integrate into the Acumen team, propelling the total workforce to 38 employees. Ross Murray, Managing Director of Acumen Accountants, outlined the significance of this move, stating, “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.”
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Murray expressed optimism about the future, revealing plans for additional mergers and acquisitions over the next twelve months with the ultimate goal of positioning Acumen among the top 100 accounting firms in the UK. He highlighted the commitment of the existing team at Acumen and expressed excitement about building and expanding the firm to deliver the best possible service to both existing and new clients.
Graeme Munro, commenting on the retirement-driven decision to pass on the business, stated, “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 accountancy firm based in Aberdeenshire. With over 2,000 clients across Scotland, the UK, and abroad, the firm now operates from offices in Portlethen, Inverurie, Keith, and Aberdeen. Acumen provides tailored and adaptable tax, accountancy, and wealth services, covering compliance, VAT, payroll, year-end accounts, and self-assessments for a diverse clientele, including sole traders, partnerships, limited companies, limited liability partnerships, and charities.
For more information about Acumen Accountants, please visit Acumen Accountants or contact them at 01224 573904.