Co Tipperary-headquartered financial services group SYS Group has bought Dublin-based Donald P McKenna & Associates for an undisclosed sum.
The deal will bring overall assets under management by SYS Group to over €315m.
Donald P McKenna & Associates specialises in financial and retirement planning and has about €15m of funds under management, which is now combined with SYS Group.
The company was founded in 1986 by Don McKenna, who will continue in his role as a Financial Planner with the business.
As well as Nenagh in Co Tipperary, SYS Group has offices in Dublin, Cork and Waterford.
The businesst incorporates SYS Private, SYS Financial Planning, SYS Mortgages, SYS Millennial Money Coach, as well as its business partnership with SYS Tax.
The firm has about 6,000 clients and a workforce of 40.
Tony Delaney, CEO of SYS Group, said today's deal will enable the company to continue to build upon its position as one of the leading advisory firms in the Irish market as well as enhancing its presence in Dublin.
Don P McKenna said he believed the two companies are closely aligned in terms of shared values and mutual appreciation of the importance of integrity, honesty and dedication when working on behalf of clients.
"I believe our clients will be very well served by this deal and I look forward to seeing what we will accomplish together," he added.
Today's deal comes after SYS Group's strategic partnership with Dublin-based PGM Financial Services, announced at the end of last year.
