Ormsby & Rhodes, one of Ireland's oldest accountancy firms, has taken over Ryan & Crowley, an accountancy and advisory firm based in Dublin.
In January Ormbsy & Rhodes merged with AAB to create a professional services firm with over €120m in annual revenue.
August Equity invested in AAB in 2021. Since then AAB has tripled in size and now employs more than 1,000.
Ryan & Crowley is a family owned business which was founded by Ray Ryan 40 years ago and is now led by his son Conor. It has 135 clients.
The takeover accelerates Ormbsy & Rhodes' growth strategy.