BGF, a growth capital investor in Ireland and the UK, has made an investment in Irish owned accountancy and advisory firm Ecovis DCA.
The company, which has 70 employees, provides services to over 800 SME clients in Ireland.
BGF takes minority equity positions in growing businesses, and aims to provide them with the capital and expertise needed to accelerate their growth plans.
“The funds from BGF will provide us with significant resources to acquire firms with a similar culture to our own,” said Declan Dolan and Eamonn Garvey, joint Managing Partners of Ecovis DCA.
“There is significant consolidation underway amongst accountancy and business advisory firms in Ireland.
“As an Irish owned and managed business, we believe Ecovis DCA can become a focal point for consolidation amongst Irish firms and as an alternative to the UK owned consolidators,” they added.
Established in Ireland in 2017, BGF has invested in 16 Irish businesses to date with a cumulative investment of over €120 million.
BGF is backed by the Ireland Strategic Investment Fund (ISIF), AIB and Bank of Ireland.
