Grand Rapids-based payroll software program agency acquired by Scottish enterprise companies firm
GRAND RAPIDS — Payroll software program agency Dominion Techniques Inc. has been acquired by a personal equity-backed enterprise companies firm in Scotland.
Dominion and AAB have partnered for the previous 5 years, with Grand Rapids-based Dominion supporting AAB’s world payroll development plans. Dominion will now function as AAB Payroll Inc., successfully instantly, and will probably be led by Dominion President Chris Andree.
“It’s thrilling to be part of the AAB journey, significantly in regard to firmly establishing and rising payroll and advisory operations in the US,” Andree mentioned in a press release. “Having labored straight with the Payroll and Employment Taxes crew over the previous 5 years, I’ve witnessed the speedy enlargement in each scope of service and geography first-hand which undoubtedly is underpinned by a individuals first tradition and dedication to shopper service.”
Phrases of the deal have been undisclosed.
Dominion Techniques gives totally built-in, cloud-based software program with customizable payroll and human assets choices. It helps a variety of industries, together with agriculture, automobile dealerships, well being care and meals and beverage.
Previously generally known as Anderson Anderson & Brown and a supplier of vital enterprise companies equivalent to accounting, auditing and tax help by way of tech-enabled platforms, AAB has skilled speedy development since securing an funding from London, U.Ok.-based August Fairness in October 2021. Dominion was AAB’s seventh acquisition previously 16 months.
The deal expands AAB’s attain and is the corporate’s first acquisition within the U.S., in keeping with a report in Scottish newspaper Press and Journal, which notes AAB’s payroll and world mobility crew has greater than 100 staff at places of work within the U.Ok., the U.S. and Eire. AAB reportedly has annual income of about 65 million kilos, or about $77.6 million.
AAB Companion and U.S. Tax Follow Lead Douglas Michael mentioned the corporate is “delighted” to carry on Dominion.
“We’ve seen an growing variety of companies increasing to the U.S. over the previous few years from the U.Ok. from start-ups to established companies requiring our specialist help in U.S. payroll,” Michael mentioned in a press release. “Remaining compliant with cross-border payroll has by no means been extra advanced and our enhanced crew will be capable of help any enterprise or particular person working within the US.”