Kreston Reeves announces new chapter as it joins AAB to accelerate growth

With seven offices across London, Kent and Sussex and more than 550 people, Kreston Reeves is highly regarded for its high-touch, personalised client service and its strong supportive culture. 

AAB, supported by Goldman Sachs Alternatives, is one of the fastest growing mid-market professional services firms having secured 18 deals across the UK and Ireland in the last four years.  

The joining of Kreston Reeves and AAB reflects the evolving and increasingly competitive accounting landscape. It will further strengthen Kreston Reeves’ investment in its people, technology and tools enabling the firm to deliver an even better service to clients wherever they are based. For AAB, the partnership gives the firm a growing London and South East presence with Kreston Reeves becoming their hub in the region. 

Richard Spofforth, Managing Partner at Kreston Reeves, said: 

“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.  

“Most importantly, AAB shares the same values as Kreston Reeves, giving us a combined platform for sustainable long-term growth." 

Emma Lancaster, Chief Executive at AAB, said: 

“This is a major milestone for AAB and a clear demonstration of our ambition to become the leading professional services firm serving the mid-market. Growing the group beyond £200 million revenue is not about growth for growth’s sake - it’s about building a resilient, sustainable business that delivers long-term value for our clients, our people and our communities.

“This is our third deal since our investment deal with Goldman Sachs Alternatives was completed two months ago, and we are hugely excited about the future opportunities ahead as we continue to scale by combining businesses who share our dedication to putting clients at the heart of everything we do.”

Jose Barreto, Partner, and Mihir Lal, Managing Director, Private Equity at Goldman Sachs Alternatives, said: 

"We are very excited about the strategic combination of AAB and Kreston Reeves. This partnership accelerates our vision for a national presence across the UK and Ireland, delivering essential scale in the South-East of England. The deep cultural alignment between AAB and Kreston Reeves will strengthen the collective offering for both customers and employees."

AAB’s strategic expansion plan is set to continue with further investment opportunities already under discussion to strengthen its regional and national footprint. In combining with Kreston Reeves, AAB will employ over 1,800 people across 23 locations in the UK and Ireland.
 
The partnership is subject to regulatory approval and is expected to close in Spring 2026.

Kreston Reeves was advised by Rothschild & Co (financial adviser) and Shoosmiths (legal adviser).