Irish M&A Update 18th March 2025

1. Accountancy Firm Ormsby & Rhodes to Merge with UK-Based AAB

AAB, a UK-based accountancy firm backed by private equity, has agreed to merge with Ormsby & Rhodes, one of Ireland’s longest-established firms. This merger signifies ongoing consolidation trends within the accountancy sector. ​

2. Accounting Firm Moore Ireland Merges with Galway’s DHKN

Moore Ireland, the Cork-headquartered accountancy firm backed by private equity, has merged with Galway-based DHKN. This merger adds 80 staff members to Moore Ireland, elevating it into the top ten list of Irish accountancy firms. ​The Irish Times

3. Azets Ireland to Merge with PKF O’Connor, Leddy & Holmes

Accountancy firm Azets Ireland has agreed to merge with rival PKF O’Connor, Leddy & Holmes, nearly doubling its workforce to 220. This merger highlights the increasing consolidation within the accountancy sector. ​The Irish Times

4. EisnerAmper’s Growth Amplified by MML Investment

MML Ireland, a private equity firm, has acquired a significant minority stake in EisnerAmper Ireland following a €10 million investment. This funding aims to support the specialist accountancy firm’s expansion, including the opening of a new office in Sligo, and reflects the growing private equity interest in the accountancy sector. ​

5. MTM Engineering’s Acquisition Trail

MTM Engineering, under the leadership of Brendan Mee, has embarked on an acquisition trail to expand its market presence. With a €30 million investment from Dutch private equity firm Waterland, MTM has acquired three companies, bolstering its position as Europe’s largest cable installation contractor. ​

6. Corporate Healthcare: The Big Money Behind Your GP, Dentist, and Vet

The corporate takeover of healthcare services in Ireland is growing, with significant investments from private equity firms and multinational companies. This trend impacts various sectors, including veterinary, dental, and medical practices, leading to increased consolidation and potential concerns about care quality and patient costs. ​

7. Who’s Behind the Local Media Land Grab in Ireland?

Malcolm Denmark, through Formpress, has become Ireland’s largest local newspaper owner, holding around 25 titles. The company is currently leading the race to acquire the Connacht Tribune, while German media conglomerate Bauer is likely to purchase its sister company, Galway Bay FM. These developments highlight a broader trend of media consolidation in Ireland. ​Latest news & breaking headlines

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