BGF makes significant investment in Ecovis DCA

BGF has completed a significant investment in Ecovis DCA, a fast-growing, Irish owned and led accountancy firm. Its 70 professionals provide audit, management accounts, tax, business advisory and financial management support services, to over 800 SME clients in Ireland.

Founded by Declan Dolan and Eamonn Garvey in 2003, Ecovis DCA is aligned with Ecovis International, which has affiliated offices in over 90 countries across all continents. This enables Ecovis DCA to support Irish clients in their overseas operations and provide services in Ireland for international clients.

Ecovis DCA has grown its Irish business organically and through acquisition, and intends to pursue additional acquisitions in Ireland, following the BGF investment.

Declan and Eamonn, joint Managing Partners of Ecovis DCA, said: “The funds from BGF will provide us with significant resources to acquire firms with a similar culture to our own. We are currently talking to a number of firms who we believe, along with their employees and customers, can add real value to the combined business.

“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.”

On foot of the investment, Adam Crinion of BGF will join the Board as Director, and Aoife McAdam of BGF will join as Observer.

Speaking today, BGF’s Adam Crinion said: “Ecovis DCA has doubled in size in the past few years and, with their ambitious M&A strategy and strong client service offering, we see exceptional growth potential.

“We’re excited to partner with Declan, Eamonn, and the wider Ecovis DCA team, to build on their proven model. In addition to financial support, BGF has significant experience of rapidly scaling people-based businesses in consolidating sectors with attractive market tailwinds, like the Irish accountancy sector.”