BDO Wellington acquires insolvency firm
BDO Wellington chartered accounting firm has acquired insolvency firm Shephard Dunphy, resulting in BDO New Zealand having the largest insolvency practice in the country. *
Insolvency professionals Iain Shephard and Jessica Kellow have also been appointed partners in the BDO Wellington insolvency team.
BDO Wellington managing partner Mark Bewley says: “We are delighted to have strengthened BDO’s presence and our offering to clients.
“BDO now has 11 Accredited Insolvency Practitioners across four main centres in New Zealand and more members of Restructuring Insolvency Turnaround Association of New Zealand (RITANZ) than any other firm which gives us the best insolvency coverage of any New Zealand firm.
“We have had a long-standing trusted relationship with Shephard Dunphy, which specialises in liquidations, receiverships and voluntary administrations in the small to medium business sector across New Zealand.
“This acquisition is a natural fit for both firms, bringing a complementary boutique offering into the BDO Wellington mix and to the wider BDO offering.”
Iain Shephard, co-founding partner of Shephard Dunphy says merging with BDO opens new doors for both firms and their clients.
“This is a fantastic opportunity for our practice and for our clients, enabling us to deliver the same boutique service within a firm that provides access to a vast base of skills, capabilities and resources across the BDO national and international network.”
BDO Wellington’s Mark Bewley says the acquisition also highlights BDO Wellington’s strategic drive to expand skills and expertise.
“We’re very pleased to be in a position to bring Shephard Dunphy’s significant skills and experience. Two strong firms coming together is a marker of growth and that is our plan.”
(*Based on the number of members per firm of the Industry body, RITANZ – the Restructuring, Insolvency and Turnaround Association of New Zealand).