Moore Ireland, an accountancy firm, is set to significantly expand through bolt-on acquisitions after selling a majority stake to a buyer backed by Waterland Private Equity. The London-based Moore Kingston Smith (MKS) will be funding the acquisition and aims to double or even triple the size of Moore Ireland. This move is part of a wider consolidation trend, highlighted by the recent takeover of Baker Tilly Ireland by Azets. Despite the sale, Moore Ireland will maintain its name and will retain day-to-day control of the business, with Waterland via Moore Kingston Smith holding a majority stake. The partnership will provide Moore Ireland with the financial capacity to quickly scale-up and become a notable consolidator in the market. With 85 staff in Cork and 50 in Dublin, Moore Ireland will focus on the SME market and seek bolt-on deals across the country to increase its size. Moore Kingston Smith, which completed its investment from Waterland earlier this year, sees the acquisition as an opportunity to enhance its position in Europe following Brexit.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
