Wed, 02 Jul 2025 | BUSINESS SALE
A professional services firm that has completed 16 acquisitions in the past four years is set to be acquired by a new private equity owner. AAB supports businesses and individuals with services including accounting, audit, tax, corporate finance, payroll, HR and wealth advisory.
Founded in 1990, the company was acquired by August Equity in 2021. Since then, it has tripled in size, aided by 16 strategic acquisitions that have enabled it to expand its footprint across the UK and Ireland, in addition to the US.
This period of growth has also seen AAB increase its employee headcount to more than 1,000 staff and, in January 2025, it became a £100 million revenue firm.
However, August Equity has now exited its investment in the company to Goldman Sachs Alternatives. The transaction is subject to regulatory approval and is expected to close during 2025.
AAB Chief Executive Emma Lancaster (pictured above) said that the partnership with August Equity had been “transformational” for the company, with the private equity firm’s investment and strategic support enabling the firm to “accelerate our growth journey, invest in talent and technology, and expand the range of services we offer to clients.”
Lancaster added that, as the company changes ownership, it remains " focused on delivering long-term value to our clients and our team while accelerating our growth strategy with exceptional backing."
Goldman Sachs Alternatives partner Jose Barreto said: “As a Top 25 Accounting firm in the UK, we see AAB going from strength to strength and fast becoming a leading provider of professional services to the UK and Irish mid-market."
August Equity partner Kishan Chotai said that the partnership had “delivered a strong and sustainable growth strategy that has positioned AAB as a major force in the UK's professional services market, and underlines August's ethos and track record in investing in people-led, essential services businesses.”
Find out what's pushing a wave of M&A across the professional services landscape.
This established London-based specialist crime law firm, operating since 1985, offers a robust client base and a diverse work mix, with impressive CQS and Excel accreditations.
Established in the Midlands since 1978, this well-regarded partnership specialises in conveyancing and is on all major panels, boasting a strong client base and a high proportion of repeat business.
This London-based will writing company, holding an impressive 105,000 wills, is fully digitalised, providing extensive and paid services that ensure high client satisfaction and referral rates.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.