Forward support Dains on two further acquisitions

Forward Corporate Finance is delighted to continue its relationship with Horizon backed Dains Accountants, supporting the management team on the acquisitions of Isosceles Finance and William Duncan + Co.

Founded in 2001, Isosceles is a fast-growing provider of accounting outsourcing, HR consultancy, and interim FD services. The company has established a reputation as the provider of choice for high growth and ambitious businesses, delivered from a network of four offices across the UK. The value that Isosceles provides to its customers has enabled it to build an enviable roster of clients and demonstrate exceptional levels of organic growth.

The acquisition of William Duncan + Co expands the company footprint into Scotland. William Duncan is one of Scotland’s oldest and most respected accountancy firms with offices in Glasgow, Ayr, and Kilmarnock. The business has grown consistently in recent years, buoyed by a commitment to the use of technology, alongside high quality personal and tailored relationships.

Forward provided financial support to Dains on the transaction. This included working with the Isosceles and William Duncan teams to collate financial data, assess historical performance and KPIs, and build a fully integrated financial model to feed into the due diligence process and group modelling.

Commenting on the transaction Richard McNeilly, Dains CEO said: “Being able to call on Forward for support made huge sense as we were managing two acquisitions simultaneously. They worked with both companies to pull together the financial data to assist with due diligence and modelling for the new group.”

Forward Corporate Finance Director, Sarah Moores, commented, “Dains are moving quickly with their acquisition plan, building out their capabilities and geographical footprint. It was a pleasure to be able to support Richard and his team through the process.”