Gordon Dadds Group has completed the acquisition of the corporate tax advisory business and certain assets of CW Energy for a total initial consideration of £4.0m, payable in cash over a five year period.
It said an additional consideration may also be payable, depending on the performance of the business.
It said the acquisition would be funded from existing cash resources.
Gordon Dadds said the acquisition was in line with the company's strategy set out in the August admission document and would further the company's intention to expand its tax advisory business which touched all of the group's business divisions.
It said the board expected that the acquisition would be immediately earnings enhancing.