Wednesday 21 August 2019

Merger to help professional services firm break into top tier

Paul Wyse and Damien Kealy
Paul Wyse and Damien Kealy
Dearbhail McDonald

Dearbhail McDonald

Professional services firm Smith & Williamson has merged with Dublin-based accountancy firm LHM Casey McGrath, creating a total workforce of 135 people based in its two offices in the capital.

The merger will see Smith & Williamson, now in its 10th year of operations in Ireland, break into the top tier of accountancy, financial services and wealth management businesses in Ireland.

Smith and Williamson, led in Ireland by Paul Wyse, professional services managing director, said the deal would increase turnover to more than €15m a year in the Republic and total group operating income to €300m.

"This is the culmination of many months of engagement with a firm that shares our vision and values in providing the highest quality professional services to clients," said Mr Wyse, adding that LHM Casey McGrath is "an excellent fit" with its overall growth strategy.

"Our clients will have access to a fully comprehensive and integrated range of business services and a larger team of specialist advisers. Clients will also continue to receive the very highest standards of client service and advice."

Damien Kealy, managing partner of LHM Casey McGrath, said: "While we are very proud of the history of our firm and the achievements of our people, we also recognise the significant benefits that the wider range of accountancy and investment management services which Smith & Williamson can provide to our clients and their businesses.

"This is an exciting opportunity for our people, our clients and our firm and one that allows us to continue to achieve our growth ambitions and those of our clients."

Irish Independent

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