The deal will increase the firms turnover to around €15m ( $17m) in Ireland. Total group operating income will increase to £269m($354m).
Smith and Williamson’s Co-CEO Kevin Stopps said: “The deal fully supports our long-term strategic growth ambitions and also strengthens our presence in an important EU territory in advance of Brexit to ensure that we are well-placed to service our clients.”
LHM Casey McGrath’s managing partner Damien Kealy commented: “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.”
Smith and Williamson entered the Irish market in 2008 through an accountancy division which then followed a merger with Oliver Freaney & Co.
LHM Casey McGrath was founded in 2004 as an accountancy and financial services firm. It employed 56 members of staff. It offered services in audit, assurance, accounting, taxation, business outsourcing, advisory and consultancy. Prior to the merger, it was a member of Kreston.
By Mishelle Thurai