Chartered Accountants and business advisers Johnston Carmichael has announced a merger with Aberdeen-headquartered accountancy firm Ritson Smith, a move that will significantly bolster the size of the Scotland-wide firm.
Ritson Smith was established in 1924 and has 60 staff based at three offices across the North-east, including Aboyne.
Following the merger, the combined firm will operate under the Johnston Carmichael banner and will employ over 500 people in 12 locations throughout Scotland.
A spokesperson said there will be no redundancies following the merger
Sandy Manson, Chief Executive of Johnston Carmichael said: “Our firms have similar values, a shared professional ethos and we are passionate about helping our clients develop their businesses. This merger will further strengthen our position as the largest independent firm in Scotland.”
Niall Farquharson, Managing Partner of Ritson Smith, is to become joint Managing Partner of Johnston Carmichael’s Aberdeen office, joining incumbent Andrew Walker in the role.
He said : “We are delighted to be joining forces with Johnston Carmichael to become part of a leading firm with access to the full range of services our clients are looking for. We know the Johnston Carmichael team well and think there is an excellent fit for our people. In today’s challenging and ever changing times, we are all very positive about the benefits which the merger will bring to both firms in terms of additional capability to service and support our clients.”
Following the merger Johnston Carmichael will comprise 54 partners over 12 locations. The seven Ritson Smith partners joining Johnston Carmichael are Niall Farquharson, Neil Harper, Ewen Alexander, Jean Main, John Laing, George Burnie and Graham Alexander.
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