AAB snaps up Edinburgh firm Purpose HR in central belt expansion drive
© Supplied by Anderson Anderson & Brown
AAB s latest acquisition is announced by chief executive Graeme Allan and Purpose HR CEO Lisa Thomson.
Anderson Anderson & Brown (AAB), of Aberdeen, has continued its central belt expansion by snapping up a majority stake in Edinburgh firm Purpose HR.
Fast-growing accountancy and business advice company AAB said the deal, for an undisclosed sum, gave it “exciting” growth opportunities in the UK and internationally.
It comes hot on the heels of AAB’s takeover of Glasgow-based accountancy firm Hardie Caldwell, announced just a few weeks ago and part of ambitious growth plans which the group hopes will see it become a £50 million revenue business by 2025.
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Angus McCuaig, managing partner at Hardie Caldwell (left) and Graeme Allan, chief executive at Anderson Anderson announce a merger of the two firms.
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Anderson Anderson & Brown (AAB)’s ambitions to expand its accountancy and business support activities across Scotland’s three largest cities have taken a major step forward, following its takeover of Glasgow-based Hardie Caldwell.
Hardie Caldwell is being rebranded under the AAB name, “with immediate effect”.
INVESTMENT in Scottish commercial property sharply declined amid “unprecedented” conditions in 2020, new figures show. The total value of property transacted sank to £1.2 billion last year from more than £2bn in 2019, as the fallout from the coronavirus pandemic imposed “many barriers” to deals being done. The crisis sparked a “flight to quality stock and the rise of the industrial and logistics sector” amid the rapid growth of online delivery activity, according to analysis from property firm Knight Frank. Investment in office deals plunged to £347 million from £759m in 2019. However, the agent flagged its expectation that the market will rebound as the roll-out of coronavirus vaccines gathers pace.