By Rosemary Gallagher

SCOTTISH accountancy firm Anderson Anderson & Brown (AAB) has merged with Leeds-based accountancy firm Sagars as it expands its UK regional presence.

Aberdeen-based AAB said this is in line with its “ambitious growth plans” and comes just two weeks after it announced it had received a “significant” investment from private equity firm August Equity.

AAB said the group is on track to deliver a combined revenue of more than

£40 million in the current financial year, with the aim of reaching £70m by 2026. With the merger, AAB adds Leeds to its offices in Aberdeen, Edinburgh, Glasgow and London. AAB said this will help it build on its position as a key player in the accountancy and business services market in the UK.

The group said its combined technology and people, with a team of more than 450 across AAB and Sagars, gives it one of the UK’s strongest portfolios of business services, including audit, accounting, tax, payroll, HR, consulting, wealth and corporate finance.

Graeme Allan, chief executive at AAB, said the firm had worked closely with the Sagars’ team over the last 10 years and they are “aligned” in their way of thinking.

He added: “ Like us, they are driven by a passion for helping people, clients and team members alike, achieve their goals.”