Joel Muckett 4 Oct 2017 05:29pm

Cogital enters Scottish market with new acquisitions

Scottish firms Campbell Dallas and Springfords have been acquired by Baldwins Accountants, which is part of the CogitalGroup

This is the business service group’s largest acquisition since it launched last year, and will allow it to expand into the Scottish market.

The two acquisitions will bring Baldwins’ revenue to £89m and their number of UK offices to 53, as well as adding 300 employees to the Cogital

Baldwins director David Baldwin said the deals were a “major step” for the firm, and he was ”looking to add further practices” to the group.

Campbell Dallas has offices in Glasgow, Perth, Kilmarnock, Stirling and Aberdeen and employs 360 staff, while Edinburgh-based Springfords has offices in Livingstone and Falkirk, employing 40 staff.

Campbell Dallas managing partner Chris Horne said the acquisition was a “natural fit” for the two businesses, and was a “great opportunity to accelerate our position in the Scottish market”.

“The support and investment from CogitalGroup will mean we can provide extra services and give added value to our clients particularly in terms of technology,” said Horne.

Patricia Reekie, partner at Springfords said the deals would not only grow the business in Scotland, but also enhance the resources available to assist their current clients.

“Our acquisitions in Scotland are an exciting development providing our Baldwins division with significant growth opportunities in a new market,” said CogitalGroup executive chairman John Connolly.

Both Campbell Dallas and Springfords will retain their trading names and continue to be led by their existing partners.

CogitalGroup has over 58,000 clients and now has 4,600 employees and 137 offices in seven countries.

It has been performing strongly with a pro forma revenue of £301m, of this £91m was generated from UK businesses and £210m from Nordic markets.