Houlihan Lokey Advises Goldman Sachs Alternatives

Houlihan Lokey is pleased to announce that Goldman Sachs Alternatives has agreed to acquire AAB, a leading professional services firm, from August Equity. The transaction is subject to regulatory approvals.

Founded in 1990, AAB supports businesses and individuals with accounting, tax, audit, corporate finance, HR, payroll, and wealth advisory services. Since 2021, the firm has experienced exceptional expansion under August Equity’s partnership by tripling in size, completing 16 strategic acquisitions, broadening its footprint across the U.K. and Ireland, while growing the team headcount to more than 1,000 people.

The transition marks a significant milestone for AAB, reinforcing the firm’s trajectory of sustained growth while ensuring continuity for clients and further strengthening its reputation in the professional services market. AAB became a £100 million revenue firm in January 2025, having tripled in size in just three years.

August Equity will leave AAB in a strong position to continue its upward trajectory with robust leadership, a diversified service offering, and a proven track record of execution.

As a result of the deal, AAB will further accelerate its growth journey, delivering the high-quality service and specialist expertise that clients have come to rely on, with the added benefit of increased investment in technology, AI, and automation.

Houlihan Lokey served as the exclusive buyside advisor to Goldman Sachs Alternatives in a deal that exemplifies the continued success of Houlihan Lokey’s dedicated global coverage of accountancy and professional services.

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