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After a series of expansions this year, Deloitte’s latest merger with accounting firm Curtis McLean puts the professional services firm above 100 partners in New Zealand.
Established in 1989, Curtis McLean provides private accounting services to small and medium enterprises in the Wellington region.
The merger, announced today, is the latest in a series of expansions for Deloitte, which has included a merger with Rotorua-based firm Hulton Patchell in March and the recent acquisitions of Oracle and SAP technology companies Asparona and Tango in August.
These moves are part of a wider push to bolster strategic areas, such as Māori services, information technology consulting and the private market, as Deloitte continues to focus on both organic and inorganic growth, says Deloitte chief executive Thomas Pippos in a media release.
The Curtis McLean team of five partners and 35 staff will join Deloitte from February 1 and practise under Deloitte Private. The merger will take Deloitte's equity partner numbers to more than 100 in the first quarter, 33 of which are based in Wellington.
Deloitte still hasn’t caught rival PwC, which has 115 partners. Ernst & Young has around 50 and KPMG has 72.
The latest move is a direct response to address the needs of the growing number of privately owned businesses in Wellington, Mr Pippos says.
The merger allows Curtis McLean’s clients to access specialists with national and global reach, says partner Mike Curtis in a press release.
“Merging with Deloitte gives us the capability and resources to help our clients with solutions to their increasingly complex needs. It is the next logical step in our firm’s evolution as a leading provider of private services in the capital,” Mr Curtis says in the statement.
Curtis McLean has been recognised for its use of technology when it was awarded Xero’s fastest-growing partner in 2012. The firm provides accounting and business advisory services “to hundreds of clients in the Wellington region,” according to a Deloitte press release.
Deloitte is a private company and doesn’t disclose sales prices or terms of its mergers, Deloitte spokesman Matt Huntington told NBR ONLINE.
NBR Staff
Mon, 18 Nov 2013
Mon, 18 Nov 2013
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Deloitte reaches 100-partner milestone with latest merger
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