DJH adds Dublin firm to its books

A national accountancy group is expanding its international reach with a new acquisition.

DJH has bought Dublin-based MSD Accountants, marking its first move into the Irish market. 

MSD Accountants, founded in 1990, brings expertise in advisory, assurance, tax and business support for clients operating in multiple jurisdictions.

Bosses say the deal provides a cross-border platform for the fast-growing professional services group to support clients across the UK and EU. 

They add MSD’s 30-strong team, led by managing partner Richard Daly and head of assurance Brendan Murtagh, will remain in place at its Santry Business Park base, continuing to serve clients across sectors including hospitality, construction and IT.

James Beardmore, DJH chief operating officer, said: “Dublin is one of the most significant financial hubs in Europe, with a strong economy, favourable corporate tax rate and, post-Brexit, it has become an increasingly attractive access point for UK firms looking to trade with the EU.

“We’ve aspired to have a presence in the city for a long time and MSD Accountants is the perfect fit.”

“Importantly, it gives DJH multinational service capability and EU regulatory compliance for UK clients looking at cross-border planning, tax efficient structures and expanding their European operations through an Irish presence.

“The partnership also gives us the perfect platform to target more M&A activity in Ireland.” 

Richard added: “It is fantastic to be joining the DJH group and all the additional expertise, enhanced capabilities and international reach that comes with it.

“We are delighted with the partnership. 

“The two businesses share similar values of trust, transparency, quality and client service.”

The deal is part of DJH’s growth strategy to become one of the UK’s top 20 professional services firms. 

Backed by private equity investor Tenzing, the group has made 15 acquisitions in the past four years and now operates from 13 offices across the UK.

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