AAB acquires Welsh M&A advisory firm GS Verde

Audit and advisory firm AAB has strengthened its presence in Wales and the South West with a new acquisition. The deal for GS Verde follows investment from Goldman Sachs Alternatives, and takes the firm’s turnover to £135 million.

AAB CEO Emma Lancaster commented, “GS Verde’s entrepreneurial DNA and multi-disciplinary offering mirror our own approach and make this an incredibly strong growth opportunity for both teams. Together, we achieve top 5 deal-making status while creating a key regional hub that creates our presence in Wales and the South West, supporting clients with even greater depth and expertise.”

GS Verde operates as a multi-discipline advisory firm. It specialises in guiding businesses through a wide range of corporate transactions, including mergers, acquisitions, management buyouts, investments and employee ownership transitions. It, specialising in guiding businesses through a wide range of corporate transactions including mergers, acquisitions, management buyouts, investments, and employee ownership transitions.

The acquisition is part of AAB’s strategic expansion plan, with further acquisitions already under discussion to strengthen its regional and national footprint. It is the first such deal since the recent investment by Goldman Sachs Alternatives, which aims to accelerate growth across the UK and Ireland.

GS Verde will continue to operate under its existing brand before transitioning to AAB in due course. The regional management team will remain in place to drive the next phase of expansion.

Speaking on the move, Nigel Greenaway, CEO of GS Verde, added, “Joining AAB marks the next exciting step in our journey. We’ve built a business that challenges the traditional professional services model, and partnering with AAB allows us to accelerate that ambition. Our clients and our people will continue as before – but with the backing of a Group that shares our vision for innovation, growth, and exceptional client service.”