Kreston Reeves has been acquired by AAB

Arrowpoint Advisory’s Business Services sector team has advised Kreston Reeves on its sale to AAB that will take the combined business beyond £200 million in annual revenue, marking a significant step in both firms’ long-term growth strategy. The partnership is subject to regulatory approval and is expected to close in Spring 2026.

Kreston Reeves is a leading accountancy and business advisory firm in the South-East of England with over £50m revenue, and more than 550 people across 7 offices in London, Kent and Sussex. The firm has a 200+ year heritage and an experienced team of people delivering a high-touch, personalised client service and strong supportive culture. Kreston Reeves brings complementary expertise across audit, accounting, tax and advisory services, along with a diversified portfolio of SME and mid-market clients that is very well aligned with the existing AAB client base.

The joining of forces with Kreston Reeves underlines AAB’s strategy of identifying high-quality professional service firms that align with its culture, values and commitment to sustainable growth. The combined firm will comprise of more than 1,800 people across 23 locations, expanding and strengthening the firm’s geographical reach across the UK and Ireland.

Emma Lancaster, Chief Executive at AAB, commented: “This is a major milestone for AAB and a clear demonstration of our ambition to become the leading professional services firm serving the mid-market. Growing the group beyond £200 million revenue is not about growth for growth’s sake – it’s about building a resilient, sustainable business that delivers long-term value for our clients, our people and our communities.”

Richard Spofforth, Managing Partner at Kreston Reeves, added: “This is a significant milestone for our business, people and clients. Building on the strengths we have at Kreston Reeves, it will create new opportunities for our talented colleagues. For our clients, it will provide them with access to broader specialist expertise together with greater geographic reach. Most importantly, AAB shares the same values as Kreston Reeves, giving us a combined platform for sustainable long-term growth. We worked closely with the Rothschild & Co team over several months, benefiting from their sector expertise, strategic insight and strong appreciation of the cultural fit that mattered to us. Led by Simon Cope‑Thompson and Josh Jones, the team provided clear, confident and hands‑on guidance throughout, helping to secure the best outcome for our business, our people and our clients. The whole team did an amazing job and were a pleasure to work with.”

Josh Jones, Director, who led the deal, concluded: “We are delighted to have advised Kreston Reeves on this transformative sale to AAB. This partnership brings together two highly complementary firms to create a £200 million+ revenue powerhouse with a truly national footprint. This transaction further reinforces Rothschild & Co’s position as a leading advisor in the accounting and professional services sector, highlighting the continued strong demand for high-quality assets in this space.”

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