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MHA Strengthens Support for Construction Sector with £7.4m UAE Acquisition

Prime Highlight

  • MHA has expanded its international footprint by acquiring two UAE-based accountancy and consulting firms as part of its global growth strategy.
  • The acquisition strengthens MHA’s presence in the Middle East and enhances its ability to serve clients across key international markets.

Key Facts

  • The UK-based firm acquired Moore Stephens LLC and Moore Stephens Consulting LLC in a deal valued at £7.4 million.
  • The UAE businesses are headquartered in Dubai and provide audit, tax and consulting services across multiple sectors.

Background

UK-based accountancy firm MHA has expanded internationally by acquiring two UAE companies in a £7.4 million deal. The firms are Moore Stephens LLC and Moore Stephens Consulting LLC, which provide audit, tax and consulting services. The two companies operate together as MS UAE and are headquartered in Dubai, with offices across the United Arab Emirates.

Founded in 1999, MS UAE provides audit, tax and advisory services to a wide range of clients. Its portfolio includes businesses from sectors such as financial services, manufacturing, construction, real estate, logistics, oil and gas, trading groups and government organisations.

MS UAE is based in Dubai and also operates branch offices in Abu Dhabi, Abu Dhabi Global Market, Jebel Ali Free Zone, Sharjah and Hamriyah Free Zone.

The UAE business is led by managing partner Farad Lakdawala and supported by a total of three partners, all of whom will remain with the organisation following completion of the deal. MS UAE employs 95 staff and is projected to generate revenues of £6.5 million for the year ending 31 December 2025.

Rakesh Shaunak, Chief Executive of MHA, said the acquisition reflects the firm’s ongoing commitment to strategic mergers and acquisitions as a driver of long-term growth. He noted that following the recent acquisition of BTSEE, the planned integration of MS UAE represents another milestone in expanding MHA’s international reach.

According to Shaunak, the addition of MS UAE will enhance client service capabilities, strengthen sector expertise, and create new opportunities for staff across the organisation. He said the two firms share a strong cultural fit and described MS UAE as a well-established and high-quality business.

Under the agreement, MHA will pay a total of £7.4 million for the acquisition. Once the deal is completed, both UAE firms will operate under the MHA name, strengthening the group’s presence in the Middle East.

The acquisition will allow MHA to better support clients working across international markets, with a particular focus on the UAE and the wider MENA region, as the firm continues its expansion plans.