Addleshaw Goddard advises AAB on investment in Kreston Reeves to create £200m+ group

International law firm Addleshaw Goddard has, alongside Linklaters, advised leading professional services group AAB on its investment in accountancy and business advisory firm Kreston Reeves, which will create a combined business with more than £200 million in annual revenue. 

AAB has invested in Kreston Reeves, supported by Goldman Sachs Alternatives, significantly enhancing AAB’s scale, geographic reach and service capability, strengthening its position as one of the UK’s fastest-growing mid-market advisory firms. This transformational deal is the largest AAB have completed to date and marks the 18th since AAB initially secured private equity investment in 2021.  Addleshaw Goddard has supported AAB on all 18 of these acquisitions.  

Kreston Reeves, based in the south east of England, has over £50m revenue and more than 550 people across seven offices in London, Kent and Sussex. 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 transaction continues a long standing partnership that has seen Addleshaw Goddard support the group through a significant programme of acquisitions and investment activity across the UK and Ireland.

The Addleshaw Goddard team was led by Laura Falls, supported by a multi-disciplinary team advising on diligence and the acquisition terms.

Laura Falls, Corporate Partner at Addleshaw Goddard, said: “Guiding AAB through complex acquisitions and investments - including this latest high profile deal - reflects the strength of our collaboration and the shared commitment to long term value creation. We look forward to supporting the group as it continues on this expansion.”

In 2025, Addleshaw Goddard advised AAB Group and private equity backer August Equity on AAB’s landmark investment from Goldman Sachs Alternatives, marking a major milestone in the company’s growth journey. The deal positioned AAB for its next phase of accelerated expansion, which includes the latest deal with Kreston Reeves as well as the recent acquisition of GS Verde in Wales and the south-west alongside O’Connor Pyne & Co in Ireland.