AAB enters Wales with acquisition of GS Verde
AAB enters Wales with acquisition of GS Verde
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Professional services group AAB has expanded into Wales and the South West after acquiring GS Verde Group, an award-winning multidisciplinary advisory firm known for its work on corporate transactions.
The deal marks AAB’s first acquisition since securing investment from Goldman Sachs Alternatives and pushes the firm’s annual turnover to £135 million.
GS Verde, which employs more than 50 people, advises businesses on mergers and acquisitions, management buyouts, investments and employee ownership transitions from its offices in Cardiff, Bristol, Cheltenham and Dublin.
The firm will continue to operate under its own brand in the short term before switching to the AAB identity. Its regional management team will remain in place to steer the next stage of growth.
The combination of the two businesses elevates AAB into the top five dealmakers in the UK, based on Experian data for the first half of 2025.
Chief Executive Emma Lancaster said the two firms are closely aligned in culture and capability. She said: “GS Verde’s entrepreneurial DNA and multi-discipline offering mirror our own approach and make this an incredibly strong growth opportunity for both teams.
“Together, we achieve top 5 deal making status while creating a key regional hub that creates our presence in Wales and the South West supporting clients with even greater depth and expertise.”
GS Verde CEO Nigel Greenaway said joining AAB represents a natural next step. He said: “Joining AAB marks the next exciting step in our journey. We’ve built a business that challenges the traditional professional services model, and partnering with AAB allows us to accelerate that ambition.
“Our clients and our people will continue as before – but with the backing of a Group that shares our vision for innovation, growth, and exceptional client service.”
The acquisition forms part of AAB’s wider UK and Ireland growth strategy.
The group, which now employs more than 1,100 people across 17 locations, said further deals are already in the pipeline as it continues to expand its national footprint.
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