DJH Expands Footprint with McBrides Acquisition

Deal News | Apr 07, 2025 | Tenzing Private Equity

DJH Expands Footprint with McBrides Acquisition

In a significant strategic move, DJH, a portfolio company of Tenzing Private Equity, has acquired McBrides Chartered Accountants. This acquisition aims to expand DJH's geographical reach from its established base in the Midlands, North West, and Yorkshire into the robust markets of London and the South. McBrides, with its strong regional presence in Bexley and a reputable client base spanning law firms, property businesses, and UK branches of international companies, provides DJH with immediate access to new opportunities in the area. To date, DJH has successfully completed 11 acquisitions over three years, continuing its aggressive growth trajectory. This deal aligns with DJH’s objective to grow into a multidisciplinary firm, enhancing its team to 580 people spread across 10 offices. These expansions are anticipated to significantly bolster DJH's regional presence and operational capabilities. Both Scott Heath, CEO of DJH, and Matt Nicholson, Investment Lead at Tenzing, expressed enthusiasm about the cultural and strategic fit between DJH and McBrides. Tanya Hamilton, Managing Partner at McBrides, echoed this sentiment, highlighting the mutual benefits this deal represents, including advancements in technology, training, and team wellbeing.

Sectors

  • Private Equity
  • Accounting and Professional Services

Geography

  • United Kingdom – The acquisition involves firms operating in the UK, with a focus on expansion into London and the South.

Industry

  • Private Equity – Tenzing Private Equity is involved in facilitating the expansion of its portfolio company, DJH.
  • Accounting and Professional Services – DJH and McBrides both operate within this sector, providing accountancy and related services.

Financials

    Participants

    NameRoleTypeDescription
    DJHAcquiring CompanyCompanyA portfolio company of Tenzing Private Equity, focusing on supporting owner-managed businesses and high-net-worth individuals.
    McBrides Chartered AccountantsTarget CompanyCompanyAn accountancy firm based in Bexley with a strong regional presence and a specialized client base.
    Tenzing Private EquityPrivate Equity FirmCompanyThe PE firm backing DJH, supporting its expansion strategy and growth initiatives.
    Scott HeathCEO of DJHPersonChief Executive Officer of DJH, instrumental in its expansion efforts.
    Matt NicholsonInvestment Lead at TenzingPersonInvestment lead overseeing Tenzing's involvement with DJH.
    Tanya HamiltonManaging Partner at McBridesPersonManaging Partner at McBrides, playing a key role in the transition and integration with DJH.