Dains Group acquires Condies Chartered Accountants

18th June 2024

The Dains Group announces the acquisition of Condies Chartered Accountants in a move that underscores their commitment to the Scottish market.

Condies is one of the most respected and established accountancy firms in Scotland, with offices in Dunfermline, Edinburgh and Dundee. The business has grown consistently in recent years, driven by a commitment to investment in technology and an experienced and dedicated team, allowing the firm to offer clients high-quality, tailored advice. Together with the team in Dains Scotland (formerly William Duncan + Co) which was acquired by the Group in September 2022, the acquisition of Condies reinforces the Group’s commitment to providing exceptional compliance and advisory support across a broadening geographic footprint.

Pauline Hogg, Managing Partner at Condies, commented, "Joining forces with Dains Group is a fantastic opportunity for our team and clients. We are excited about the synergies this partnership will bring and the enhanced capabilities we can offer. Our clients will benefit from the extensive resources and expertise of the Dains Group, while still receiving the personalised service they value."

The acquisition of Condies aligns with Dains Group's vision to deliver comprehensive and additive solutions to businesses across the UK. With a history of excellence and a dedicated team of professionals, Condies has built a strong reputation for its expertise in compliance and advisory services.

Graeme Bryson, Managing Partner of Dains Scotland added "This acquisition represents a significant step in our growth strategy, allowing us to extend our reach in Scotland and leverage the exceptional talent at Condies. Together, we are well-positioned to offer an even broader range of services to our clients. I am looking forward to working with Pauline as joint Managing Partner of Dains Scotland."

Both Dains Group and Condies Chartered Accountants share a commitment to delivering outstanding client service and maintaining the highest standards of integrity and professionalism. The integration of Condies into the Dains Group will bring together a wealth of knowledge and experience, enhancing the range of services offered to clients and ensuring continuity of the high-quality they have come to expect.

"We are proud to welcome Condies to the Dains family," said Richard McNeilly, CEO of Dains Group. "Extending the incredible work done by Graeme Bryson and the Dains Scotland business is a fantastic opportunity. Pauline and the team at Condies are the blueprint for the perfect acquisition with a total focus on client support backed up by exceptional talent. Working in parallel with the Group, the team are in an amazing position to offer an even broader range of services to our clients."

Luke Kingston, Managing Partner at Horizon Capital, said “This is another example of an excellent addition to the Dains group, and we are delighted to have supported Richard and the team on this acquisition. With group revenues now over £70m it is clear that Dains is one of the leading operators in its sector". Dains were advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax structuring) and CMS (Legal). Condies were advised by Curle Stewart (Legal).

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