Smith & Wallace

Investor: Sedulo Group

Sedulo Group has acquired Smith & Wallace, a Kilmarnock-based accountancy practice, as part of its expansion into Scotland. Summary of transaction details: Value: Not disclosed Sector: Business Services Advisor: Not disclosed Key Entities: Sedulo Group, Smith & Wallace Location: Scotland, UK Note: This acquisition is part of Sedulo Group's growth strategy, following record annual revenues of almost £25m, and will enable the company to strengthen its presence in the Scottish market and provide a wider range of services to its clients.