Dains Accountants, a Horizon Capital backed accounting and business advisory firm, has recently acquired HSKSG, a prominent firm that specializes in providing tax and accountancy services to agricultural, healthcare, medical, hospitality, and property businesses.
HSKSG has offices in Nottingham, Derby, and Uttoxeter, and its approach to client delivery and people development closely aligns with Dains’ values.
The acquisition is expected to support Dains’ continued growth in the Midlands.
Dains Accountants has been expanding since securing investment from Horizon Capital in 2021. This is the fifth acquisition for Dains, which has more than doubled since its initial investment.
The firm offers a range of services, including accountancy, audit, business recovery, insolvency, corporate finance, and tax advice. Dains was advised by Dow Schofield Watts and Forward Corporate Finance for financial due diligence, and CMS for legal advice.
HSKSG, on the other hand, is excited to join the Dains Group, as it will allow them to deliver an even broader range of services to their loyal clients. Colin Peacock, the managing director of HSKSG, mentioned that they have continued to invest in their target markets and team in recent years, and they are determined to deliver the best possible service to their clients.
The acquisition of HSKSG is another exciting addition to the Dains Group. The firm has been growing substantially since its investment from Horizon Capital, and this acquisition is expected to further enhance its services. The acquisition is also expected to support the firm’s continued growth in the Midlands.
Frequently Asked Questions
What is the significance of the investment received by Dains Accountants from private equity-backed firms?
The investment received by Dains Accountants from private equity-backed firms signifies the company’s growth and expansion. This capital injection will enable Dains Accountants to acquire more like-minded businesses in the accountancy and business services sectors, which will further boost their numbers.
How will the investment from private equity-backed firms benefit Dains Accountants?
The investment from private equity-backed firms will benefit Dains Accountants by providing them with the necessary capital to expand their business. This will allow them to acquire more businesses, which will help them grow their client base and increase their revenue.
What is the involvement of private equity-backed firms with Dains Accountants?
Private equity-backed firms are investing in Dains Accountants, which means they will have a stake in the company’s ownership. They will also provide the necessary capital for Dains Accountants to acquire more businesses and expand their operations.
How does the investment from private equity-backed firms affect the accountancy industry?
The investment from private equity-backed firms in Dains Accountants signifies a growing interest in the accountancy industry. This investment shows that the industry has potential for growth and expansion, which could attract more investors in the future.
What are the future plans of private equity-backed firms for Dains Accountants?
The future plans of private equity-backed firms for Dains Accountants are to support their growth and expansion. This will involve providing them with the necessary capital to acquire more businesses and expand their operations.
What other companies have private equity-backed firms invested in besides Dains Accountants?
Private equity-backed firms have invested in various companies across different sectors. Some of the companies they have invested in include Barringtons Accountancy Practice and Eastar Jet’s owner.
