AAB accelerates growth with US payroll acquisition
AAB, the tech-enabled business critical services group has today announced its global payroll & mobility growth plans have taken a significant step forward with the acquisition of its current United States (US) payroll partner Dominion Systems Inc, including its highly…
News2nd Mar 2023
AAB, the tech-enabled business critical services group has today announced its global payroll & mobility growth plans have taken a significant step forward with the acquisition of its current United States (US) payroll partner Dominion Systems Inc, including its highly sophisticated US payroll software and experienced US payroll team.
AAB has been on a rapid growth journey since the firm secured investment from London-based August Equity in October 2021, with this acquisition marking the seventh business to join the Group in the past sixteen months. The acquisition will strengthen the global payroll business at AAB with Dominion’s US payroll advisory and compliance services forming a core part of this offering. The deal is also highly complementary with the US global mobility tax practice launched last year providing individual and employment tax advisory and compliance support to clients with a US footprint.
The Dominion business, based in Grand Rapids, Michigan, has been a trusted partner of AAB for the last 5 years supporting AAB’s global payroll expansion plans. The newly acquired business will begin trading as AAB Payroll Inc with immediate effect. AAB Payroll Inc will be led by President Chris Andree who has been with Dominion for 10 years, latterly running Dominion’s payroll operations.
Douglas Michael, Partner and US Tax Practice Lead commented: “We are delighted to welcome the Dominion team to the AAB Group. We have seen an increasing number of businesses expanding to the US over the last few years from the UK from start-ups to established businesses requiring our specialist support in US payroll. Remaining compliant with cross-border payroll has never been more complex and our enhanced team will be able to support any business or individual working in the US.”
Chris Andree, President of AAB Payroll Inc added: “It’s exciting to be a part of the AAB journey, particularly in regard to firmly establishing and growing payroll and advisory operations in the United States. Having worked directly with the Payroll and Employment Taxes team over the past 5 years, I have witnessed the rapid expansion in both scope of service and geography first-hand which undoubtedly is underpinned by a people first culture and commitment to client service.”
We understand that global compliance has never been more complex. Our US integrated employment solutions team are on hand to help you navigate compliantly through the process from start to finish.