News
Dains expands presence in Scotland with acquisition of Condies
Pauline Hogg – Managing Partner of Condies and now Managing Partner of Dains Scotland
Scottish accountancy firm Condies, with offices in Dunfermline, Edinburgh and Dundee, has been acquired by Dains Group.
The move strengthens Dains Group’s compliance and consultancy services across Scotland, building on the group’s 2022 acquisition of William Duncan + Co (now Dains Scotland).
Pauline Hogg, managing partner at Condies, said: “Joining forces with the Dains Group is a fantastic opportunity for our team and clients. We are excited about the synergies this partnership will bring and the enhanced capabilities we can offer.
“Our customers will benefit from Dains Group’s extensive resources and expertise while receiving the personalized service they value.”
Graeme Brysonmanaging partner of Dains Scotland, added: “This acquisition represents a significant step in our growth strategy, allowing us to broaden our reach in Scotland and leverage Condies’ exceptional talent.
“Together, we are well positioned to offer an even broader range of services to our customers. I look forward to working with Pauline as managing partner of Dains Scotland.”
“We are proud to welcome Condies to the Dains family,” said Richard McNeilly, CEO of the Dains Group. “Extending the incredible work carried out by Graeme Bryson and the Dains Scotland business is a fantastic opportunity. Pauline and the team at Condies are the model for the perfect acquisition, with a total focus on customer support backed by exceptional talent. Working in parallel across the group, the team is in an incredible position to offer an even wider range of services to our clients.”
Lucas Kingstonmanaging partner at Horizon Capital, said: “This is another example of an excellent addition to the Dains group and we are delighted to have supported Richard and the team in this acquisition.
“With group revenues now in excess of £70 million, it is clear that Dains is one of the leading operators in its sector.”
Dains was advised by DSW (financial and tax due diligence), Forward Corporate Finance (financial modeling), Deloitte (tax structuring) and CMS (legal). Condies was advised by Curle Stewart (legal).