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Acquisition of Axiom Forensics will help EY’s regional expansion, it says.
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EY buys forensic accounting specialist
11 May 2022
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Ernst & Young Australia has strengthened its disputes resolution and forensic accounting capabilities with the acquisition of independent Sydney-based specialist Axiom Forensics.
Founded in 2004, Axiom Forensics offers expert forensic accounting, valuation and dispute consulting services, with enhanced technology and specialised data analytics capability. It has strong presence in Sydney, the largest disputes market in Australia.
The purchase will boost EY’s ability to provide specialist expert witnesses, consulting, valuations, data and analytic services.
Seven Axiom Forensics staff – led by David Mullins and Michael Potter – have joined EY’s forensics & integrity services team to service clients throughout Australia and New Zealand.
Mr Potter said EY would be a good fit and joining a large firm was essential to take Axiom to the next level.
“By joining forces with EY, we will be able to complement our existing skills with industry expertise and other inhouse skills, such as economics and statistics,” Mr Potter said.
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“It’s a great next step for us – I am looking forward to being part of a big team where we can bounce ideas around and hear different perspectives.
“Our people – many of whom have been with us for more than 10 years – are excited for the opportunities joining EY will bring in terms of training and development and exposure to new skills and clients.”
EY Oceania forensic & integrity services leader Rob Locke said: “We are experiencing unprecedented growth and our disputes offering has played a key role.
“The opportunity to significantly enhance our footprint in Sydney through the acquisition of a highly successful disputes firm made strategic sense.
“We have known and observed Axiom Forensics for many years and have been great, albeit begrudging, admirers of their work.
“In our opinion, they are the best in Sydney at what they do so the decision to ask them to join EY was an obvious one. Their vision and growth plans align perfectly with ours and they will be a big part of this continued growth.”
EY’s chief executive for Oceania, David Larocca, said acquiring Axiom Forensics was a key step in the company’s ambitions in the region.
“I’ve watched our team grow year on year and this is a significant step to enhance forensic services that will change the market,” he said.
“Our strategic ambition is to grow the practice across Oceania, and the calibre of the team at Axiom Forensics will assist us in achieving this ambition.
“They were already well known to our team and are a great cultural fit with EY as we work together to build a better working world.”
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