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Baker Tilly buys Aberdeen-based practice

1st Sep 2014
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Top 10 accountancy firm Baker Tilly expanded its footprint in Scotland last week with the acquisition of Aberdeen-based accountants Simpson Forsyth.

The three-partner firm was set up by Andrew Forsyth in 1990 and currently employs 30 people at its headquarters in Queen’s Road. The deal will bring additional fee income of around £3m to Baker Tilly.

Scotland has seen a sequence of accountancy mergers and acquisitions in recent years, with both Johnston Carmichael and French Duncan expanding their reach via this route.

Baker Tilly currently operates offices in Edinburgh, Glasgow, Grangemouth, and Lerwick. As it explained when announcing the deal, the move will provide “a quality platform from which to grow in the key Aberdeen market”.

David Gwilliam, Baker Tilly’s Chief Operating Officer explained: “Aberdeen is a business centre of national and international importance, and this merger signals our intention to play a key role in this market.  We are hugely excited by the growth prospects the combined firm can realise, and importantly how we can satisfy the needs of our clients and their local, national and international ambitions.”

In what is being presented as a merger, Andrew Forsyth and his team will become part of Baker Tilly.

“Our merger with Baker Tilly will enable us to maintain this ethos and take this proposition to another level for the benefit of our clients. Combining the complementary skill sets of partners and staff from both firms will give additional breadth and depth to our overall service offering,” said Forsyth, pictured above (right) with Robert Ross, Baker Tilly Managing Partner for Scotland.


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