Mergers & Acquisitions

Antifriction Components, a UK distributor of bearings and power transmission products, has acquired Scots Bearings Ltd in a seven-figure deal. The combined business will be the largest specialist distributor of critical moving parts in Scotland, with seven sites across the country. Scots Bearings&rs

The UK government has approved the £3.6 billion takeover of Royal Mail's parent company, International Distribution Services (IDS), by Czech billionaire Daniel Kretinsky's EP Group. The deal includes legally binding commitments to protect Royal Mail's Universal Service Obligation (USO), which

Two of Scotland's surveying practices, Shepherd Chartered Surveyors and Whyte & Barrie Chartered Surveyors, have merged. Both practices share a long history, with Shepherd having been established in 1880, while Whyte & Barrie was founded in Lanark in 1947.

FirstGroup plc has signed an agreement to acquire RATP Dev Transit London Limited and its subsidiaries from RATP Développement SA for an enterprise value of £90 million. The acquisition will see the Scottish transportation firm enter the London bus market with a strong position and will

The owners of the five-star Inverlochy Castle have acquired Knockendarroch Hotel in Pitlochry for an undisclosed sum. The award-winning luxury Knockendarroch Hotel is nestled in the heart in the Perthshire countryside, with 18 bedrooms and a popular 2 AA Rosette restaurant.

Ellon-based Phil Anderson Financial Services has opened a new office in Wilmslow, Cheshire, further expanding its England presence. The Wilmslow office marks another milestone in the firm’s growth journey, following the establishment of its Wetherby, Yorkshire office just over two years ago.

Digital bank for entrepreneurs OakNorth has provided £11 million in funding to Longacre Group, a long-term investment company, to acquire a majority stake in Veracity, a global provider of network connectivity products and surveillance systems. Founded in 2005 in Prestwick, Veracity has a glob

Principal contractor Procast Group has acquired Glasgow-based building surveying and cost consultancy business JC+P Property and Construction Consultants in a six figure deal. With its HQ in Hamilton, Procast Group has bought over JC+P (previously known as James Clark & Partners Scotland) in a s

Mabbett & Associates Ltd and IKM Consulting Ltd have merged to create one of Scotland’s largest multi-disciplinary consulting firms. With a combined headcount of around 200, the new firm, named Arthian, will target new sectors and larger projects with the opening of two new offices and a p

Coventry Building Society's acquisition of the Co-operative Bank has been approved by regulators, paving the way for the creation of a major banking force with combined assets of £89 billion. The £780 million deal, announced in May, will see the Co-op Bank return to its roots as a mutual

Scottish debt recovery firm BPO Collections has been provided a £3.3 million loan from OakNorth to acquire CCS Collect. Ayrshire-headquartered BPO Collections, which is a wholly owned subsidiary of Canadian-based Everyday People Financial Corp, was founded by Graham Rankin in 2006. The fi

Edinburgh-based advertising agency Yatter has been acquired by ecommerce specialist Velstar just three years after formation, for an undisclosed sum. The company has enjoyed consistent growth since starting out in 2021, currently managing over £10 million in annual client ad spend.

Canadian investment firm Avialliance is set to acquire AGS Airports, owner of Glasgow, Aberdeen, and Southampton airports, in a deal worth approximately £1.53 billion. Avialliance, the airports platform of Public Sector Pension Investment Board (PSP Investments), will take over from the Ferrov

Newton Property Management has acquired Aberdeen Property Leasing’s (APL) block factoring portfolio. At the start of October, APL transferred all common management responsibilities for 1,400 factored properties to Newton. The deal followed APL’s decision to focus on their core letting se

RMT Accountants & Business Advisors, a member of the Sumer Group, has acquired specialist restructuring practice KSA Group, which has offices in Edinburgh and Berwick, for an undisclosed sum. The KSA Group specialises in pre-insolvency solutions and works with the directors and owners of struggl