Shoosmiths has advised the members of Kreston Reeves LLP on a deal with AAB that will bring together the two professional services businesses to become a group with a combined revenue of over £200 million.

Published: 09 February 2026

This strategic acquisition by AAB will bolster the firm’s leading reputation and strong mid-market presence.

Kreston Reeves is a leading accountancy and business advisory firm with revenue of over £50 million and more than 550 staff. The firm provides a high-touch, personalised service, with a history spanning over 200 years, offering a breadth of expertise across its sector offerings, including audit, accounting tax and advisory services.

Supported by Goldman Sachs Alternatives, AAB is one of the fastest growing mid-market professional services firms, having secured 18 deals over the past four years in the UK and Ireland. The transaction is expected to take place in spring, and the move to bring together Kreston Reeves and AAB is the largest transaction that the accountancy firm has completed.

The Shoosmiths team was led by Corporate Partners James Foster and Simon Procter. They were supported by Principal Associates Natalie Redfern and Sophie Davies, Senior Associates Kendra McCullough and Alexandra Crow and Associate Arvind Paramiswaran. Senior Associate Alex Bevan provided HR support and Partner Laura Board and Principal Associate Caroline Airey supported on tax matters.

James Foster said: “We’re delighted to have supported the Kreston Reeves team as they accelerate their growth and long-term value to clients through this landmark transaction.”

Simon Procter commented: “Advising the Kreston Reeves team through this milestone transaction has once again shown the high standards and experience that Shoosmiths has when it comes to strategic investments and acquisitions. We’re pleased to have delivered this transaction for Kreston Reeves. It reinforces our leading expertise in the sector.”

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.

“Simon, James and the whole team at Shoosmiths provided us with excellent service and advice.  It was great to have their constant support from start to finish.”