Mergers & Acquisitions

Scottish financial advisory firm Carbon Financial Partners is poised for acquisition by Leeds-based professional services company Progeny for an undisclosed sum. The acquisition is set to boost Progeny’s assets under management by £600 million. Regulatory approval from the Financial Cond

Orkney Fishermen's Society, a supplier of crabs, lobsters, and fresh seafood, has been sold out of administration by joint administrators Michelle Elliot and Callum Carmichael, partners with FRP Advisory, to Orkney Crab Ltd, a subsidiary of PDK Shellfish Ltd, in a deal that saves the jobs of all 55

Scottish energy firm Aurora Energy Services Ltd has expanded its international footprint with the acquisition of Cotech Group, a US wind turbine blade repair and maintenance specialist. The deal – for an undisclosed sum – is the fourth and largest acquisition to date by Inverness-ba

Tech-enabled business critical services group AAB has expanded its reach with the acquisition of Elstan HR, a South-East England-based outsourced and integrated HR firm, as part of its strategy to further extend the HR consultancy services offered across the group. Founded in 2015 by current MD

THREE60 Energy, an energy services company based in Aberdeen, has acquired fellow Scottish firms Pryme Group and Flexlife, in a significant move to form a £200 million global enterprise with extensive industrial diversification and immense growth prospects.

CJ Lang & Son Ltd, known as the Scottish wholesaler for SPAR, has recently confirmed its acquisition of the Glasgow-based convenience chain ScotFresh Group Ltd.

Stirlingshire-based James Jones & Sons Ltd has completed the acquisition of bandsaw blade manufacturer and saw servicing provider Lancashire Saws Ltd.

Edinburgh-based sports streaming platform Recast Sports has been reacquired out of administration by founder Andy Meikle through Content Technology Partners (CTP), a firm in which he holds a significant stake.

Accountancy firm Armstrong Watson, which operates in Scotland and across the North of England, has acquired financial services firm 3G Financial. 3G Financial is owned and operated by Charles Graves who decided to take a step back from advising after almost 16 years in business, and 45 years working

UK accountancy group MHA has announced a merger with Aberdeen-based Meston Reid & Co. Meston Reid & Co provides a full complement of accountancy and business advisory services for clients primarily in the North-east of Scotland.

Glasgow-based Macfarlane Group has acquired B&D 2010 Group Limited, a Southern England based specialist in protective packaging, in a deal worth £3.85 million. This earnings enhancing acquisition is in line with Macfarlane’s stated strategy of building its protective packaging busine

Agile asset and wealth management AssetCo has acquired Indian fund manager Ocean Dial Asset Management, purchasing the entire issued share capital from Avendus Capital Asset Management. The completion follows the necessary approvals from the FCA and Indian regulators.

Finsbury Food Group, which acquired Coatbridge-based Lees earlier this year, has accepted an acquisition offer from Frisbee Bidco, a subsidiary owned by Isle of Man asset management firm DBay Advisors, in a deal valued at £143.4 million.

Hamilton-based Greenwood Moreland, part of JMG Group, has acquired Glasgow-based Calcluth & Sangster Insurance Brokers. Representing its largest acquisition since the business began on its growth path, the deal will add £6m of gross written premium to the Greenwood Moreland business.

Scottish independent investment bank Cavendish has been formally established through the merger of Cenkos Securities and finnCap Group. Operating from Cenkos’ existing offices in Edinburgh, Cavendish will now add M&A, private capital and debt advisory to its existing equity capital markets