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Irish Times
20-05-2025
- Business
- Irish Times
Xeinadin acquires Irish KBG Accountants as part of €40 million investment
Professional services firm Xeinadin has acquired Cavan-based KBG Accountants, as part of its plans to grow the group's 'presence in the midlands'. KBG Accountants, with a team of more than 80 professionals across six offices, has been acquired for an undisclosed sum as part of an ongoing €40 million, 18-month Irish expansion plan by Xeinadin. So far, the company has allocated 75 per cent of that investment budget to recent and future acquisitions, such as the purchase of Dublin-based Warren & Partners in March. The acquisition of KBG is the Xeinadin's largest purchase in Ireland to date and joins Cavan-based McIntyre and Co and Leitrim's Healy Martin which were purchased by KBG in 2022 and 2024 respectively. READ MORE KBG, which was founded more than 30 years ago, is based in Cavan, Longford and Leitrim and provides accounting, audit, tax, and advisory services to businesses and individuals. It is one of the largest independent accountancy practices in the region. In a joint statement announcing the acquisition, Xeinadin chief executive, Derry Crowley, said the company wanted to grow its presence in the midlands. He described KBG Accountants as a 'highly respected firm nationally' and said the partnership forms part of the Xeinadin's 'strategic growth in Ireland' in which they are hoping to build a network of local firms within the group. Senior partners at KBG, Paddy Keavney, Ciaran Brady, and Mark Reilly said in a joint statement that the move was an 'exciting development for our firm, our team, and our clients'. Despite joining a larger organisation, the partners said they would be able to retain their 'trusted local presence' while benefiting from Xeinadin's larger network across Ireland and the UK, in which it employs more than 2,000 professionals.
Irish Examiner
20-05-2025
- Business
- Irish Examiner
Cork-headquartered Xeinadin acquires KBG Accountants as €40m investment strategy continues
Xeinadin has acquired Irish accountancy firm KBG Accountants in what is the professional services firm's largest acquisition in Ireland to date. KBG was founded more than 30 years ago and employs more than 80 people at six offices in Cavan, Longford, and Leitrim, providing accounting, audit, tax, and advisory services to businesses and individuals. KBG itself had made significant acquisitions in recent years, with McIntyre and Co in Cavan joining in 2022 and most recently Healy Martin based in Leitrim joining KBG in 2024. In June last year, Xeinadin announced plans to invest €40m in Ireland over an 18-month period and this move reinforces those plans. KBG is the second firm to join Xeinadin in 2025 with Dublin based Warren & Partners joining in March this year. 'KBG is a highly respected firm nationally with a strong track record of client service, deep local roots, and a progressive mindset. We wanted to grow our presence in the midlands and KBG were a perfect fit - their experienced team and client-centric ethos closely aligns with our values at Xeinadin and we are delighted to have them as part of our team of experts," said Xeinadin chief executive Derry Crowley. 'This partnership marks another step in our strategic growth in Ireland as we continue to build a network of high-quality firms that provide expert, local advice supported by national and international expertise.' In a joint statement, Senior Partners at KBG Paddy Keavney, Ciaran Brady and Mark Reilly said joining Xeinadin will give the company access to broader expertise and deeper capabilities Xeinadin provides across Ireland and the UK. 'The world of business advisory is changing rapidly and having access to the tools, technologies, and resources of the wider Xeinadin organisation will allow us to serve our clients more effectively.'
