The six-figure deal, which was prompted by founder Graeme Munro’s retirement, was finalised on 24 October 2023. All four of the remaining staff have now joined the Acumen team, bringing the overall workforce to a total of 38 employees.

Acumen’s managing director Ross Murray said: “The acquisition of Graeme Munro & Co fits into our ambitious growth strategy, giving us a further foothold in Aberdeenshire. It will allow us to offer our services to an expanded client base, supporting local and rural businesses with first-class, tailored and flexible tax, accountancy and wealth services.

“Over the next twelve months, we expect to complete further mergers and acquisitions with aspirations to become one of the top 100 accounting firms across the UK. We have a fantastic team at Acumen, and I’m excited to build and expand the firm and collectively deliver the best possible service to all our existing and new clients.”

Mr Munro commented: “In planning for retirement, my desire was to pass the business and my clients onto a local, professional firm where they would be well looked after.

“With Acumen I know they will be in safe hands. Our values are very much aligned and I know the team will continue to care for clients in the way they have come to expect and will benefit from the introduction of new technologies and expanded services.”