BDO BUYS FORENSIC FIRM

Written on the 28 October 2010

BDO BUYS FORENSIC FIRM

ACCOUNTING firm BDO has bought out a local litigation support and forensic accounting practice, with annual revenues of $1 million in an undisclosed deal.

BDO’s managing partner in Brisbane Tony Schiffmann, says the acquisition of MPW Forensic is not expensive by the firm’s standards, but will help boost its presence in a specialist area of expertise.

“We went out to the marketplace to see if anyone was interested in joining us and wee see plenty of opportunity in the market at this time, given the timing of the economic cycle, certainly with the amount of litigation and disputes higher than previously,” he says.

“It’s strategic, as we’ve had partners in that area but it’s much bigger than what we could service with our existing resources. It’s a somewhat niche offering and we think there’s opportunity to take market share off others.”

MPW directors David Williams and Onus Maynes and their team will join BDO.


Latest News

FLYING START TO 2017 PASSENGER NUMBERS FOR GOLD COAST AIRPORT

RECORD numbers of travellers used the Gold Coast Airport (GCA) in January this year, continuing a five-year trend ...

SUNCORP SAYS IT'S 'COVERED' AGAINST FINANCIAL COST OF CYCLONE DEBBIE

INSURER Suncorp (ASX: SUN) says it is "well protected" against the financial impact of Cyclone Debbie th...

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

Frank Grasso, CEO of Adelaide based Dynamic Creative, believes his company's new software will revolutionise Adwo...

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've fou...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter