The Dains Group has acquired TBAT Innovation, a consultancy that specialises in securing research and development (R&D) tax incentives and grant funding for businesses.
Financial specifics of the deal remain undisclosed.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The acquisition, the third since Dains received private equity support from IK Partners, is aimed at expanding its advisory capabilities for small and medium-sized enterprises (SMEs) in the UK and Ireland.
TBAT, founded in 2002, advises businesses across various sectors such as engineering, software, AI, and health and life sciences.
In addition to grant funding and R&D tax credits, the company also offers grant claim management and HMRC enquiry support services, among others.
The TBAT team mainly operates out of Castle Donington in Leicestershire, with consultants across the UK.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThey will remain under the current leadership of Ryan Mouncy, managing director, Sam Stephens, founder and commercial director, and Elaine Williams, finance director.
Stephens said: “Joining the Dains Group marks an exciting new chapter for TBAT. We have always been passionate about helping businesses unlock funding and maximise the opportunities that come from innovation.
“Dains allows us to bring that expertise to even more clients, supported by the strength and reach of a respected national advisory firm.”
The integration is expected to enhance Dains Group’s existing tax and advisory offerings, enhancing the group’s ability to support SMEs in realising their growth potential.
Dains Group CEO Richard McNeilly stated: “TBAT’s leadership team shares our client-centric mindset and commitment to delivering valuable advice.
“Together, we can deliver exceptional value, unlock new opportunities for businesses and champion the innovation that drives our economy forward.”
In the process of this acquisition, Dains Group was advised by DSW on financial and tax due diligence, PDW on customer referencing, Cyber Crowd on IT due diligence and Mercia on technical due diligence.
TBAT received corporate finance guidance from PKF Smith Cooper and legal counsel from Smith Partnership.
The Dains Group’s service portfolio includes accountancy and business services, audit, corporate finance, forensic accounting, probate and taxation, along with outsourced financial director and HR support.
