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 Bristol-based law practice presents a compelling opportunity with a strong track record in criminal, children, and family law matters, showcasing a diverse portfolio of publicly funded and privately paid work.
This established IFA in Northern Ireland boasts £125m FUM and a robust team, presenting an excellent opportunity to acquire a profitable firm with strong growth potential.
This highly profitable South Yorkshire Independent Financial Adviser (IFA) firm boasts an impressive £150m in Funds Under Management and has been established for 15 to 20 years.
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