AAB named top dealmakers in Scotland for 12th consecutive year

Aberdeen-based independent firm of Chartered Accountants and business advisors Anderson Anderson & Brown (AAB) has been named as the top dealmakers in Scotland for a 12th consecutive year, after being recognised as the accountants having completed the most deals in Scotland each year from 2005 – 2016.

The Scottish Business Insider’s review of the Scottish deals market shows that AAB completed 43 transactions which were publically announced in 2016, 50 per cent more than any other accountancy firm during the same period. Deals in which AAB were involved in 2016 included the disposal of Maritime Assurance & Consulting to Bureau Veritas, the disposal of Sengs Subsea Engineering Solutions (“SENGS”) to Pryme Group and the acquisition of Optocap Holdings by TUV Nord.

Douglas Martin, head of corporate Finance at AAB, said: “We are delighted to be recognised as the top dealmakers in Scotland for a 12th consecutive year. 2016 saw another challenging year for oil & gas services M&A activity but we continued to deliver an impressive deal flow with a strong increase in deals outwith the energy sector. This fantastic milestone is testament to the tremendous continued support of our clients and contacts and to the hard work and dedication of our exceptionally talented team.”

In terms of current transaction activity, Mr Martin added “Our deals pipeline remains very healthy with some great transactions being worked on by the team. M&A activity in the oil & gas services sector continues to show gradual signs of recovery which is encouraging. We remain positive about our prospects for the rest of the year given our superb market position and look forward to bringing more deals to fruition during the remainder of 2017.”