20 Nov 2023

Accountancy firm announces new acquisition

Richard McNeilly.jpg

Dains Accountants has announced the acquisition of Isosceles Finance – the fast-growing accounting outsourcing, HR consultancy, and interim FD provider.

Founded in 2001, Isosceles has established a reputation as the provider of choice for high growth and ambitious businesses, seeking outsourced accounting and HR support, delivered from a network of 4 offices across the UK.

The value that Isosceles provides to its customers has enabled it to build an enviable roster of clients and demonstrate exceptional levels of organic growth.

Richard McNeilly (pictured), CEO of Dains said: “Isosceles adds breadth to our service proposition and has developed a compelling offering for their clients.

“Managing director, Mike O’Connell has built a strong team and I am delighted that he and Greg Eaton are remaining in the business as we work together to build it to even greater heights. They are a shining example of a modern, tech enabled business with high customer focus”.

Mike O’Connell commented: “We are enormously excited to join the Dains’ group of businesses because of our shared hunger for client success. Our businesses are a great fit and this development provides a platform for future growth and development of our fantastic team”.

Luke Kingston, Partner at Horizon Capital, said “We are delighted to have supported Dains on their second acquisition this year and welcome Isosceles to the group. Both businesses have a lot in common with a shared focus on client success, quality, and innovation, and we are excited about the combined opportunities for growth going forward across the Group”.

Dains were advised by Sentio and Forward Corporate Finance (Financial Due Diligence), and CMS (Legal). Isosceles were advised by Kreston Reeves (Tax) and Russell Cooke (Legal).

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