AAB seals deal for Irish firm Ormsby & Rhodes

Leading professional services firm, AAB, has invested in Ormsby & Rhodes, one of the longest-established firms in Ireland, strengthening its international presence and access to the European market. The deal propels AAB past the £100m revenue mark.
Aberdeen headquartered AAB has been looking to expand its offering consistently in recent years. 2018 saw the firm launch a dedicated consulting firm, in a bid to boost revenue growth. Amid the digital-disruption wrought by the pandemic, the firm enjoyed a rise in demand for its tech-enabled services for the SME and enterprise markets – and attracted new investment from August Equity in 2021.
In the years since, AAB has trebled in size and now employs more than 1,000 people. The rapid growth journey has now included 10 deals, and is set to continue as part of delivering its ambitious growth strategy for 2030.
The latest purchase by AAB comes in the form of Ormsby & Rhodes – a professional services firm established in 1911. The business commands annual revenues of more than €7 million, and provides audit, accounting, tax, payroll, company secretarial and business advisory support to a wide range of clients in Ireland.
Emma Lancaster, CEO at AAB commented, “This strategic move follows on from our first successful investment in Ireland in 2022 and will bolster our international reach through growth opportunities across Europe. Our commitment remains focused on delivering the highest quality of service for our clients while fostering lasting partnerships built on trust enabling our clients to succeed.”
Looking ahead, Ormsby & Rhodes will continue trading under its own branding, and all 10 partners remain committed to driving the business forward which provides client continuity. However, the move will open up new markets to the firm.
David Marsh, managing partner at Ormsby & Rhodes, added, “As trusted advisors to a wide range of clients and businesses, this investment from AAB will open up new opportunities for our clients to prosper and for our team to thrive professionally. Our clients will benefit from an expanded pool of expertise, enabling us to provide even more comprehensive and tailored advice, no matter how complex the requirements. We look forward to building on our success while maintaining the trusted client relationships that have always been at the heart of our business.”