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Melbourne advisory outfit strengthens its accounting team with “highly regarded” group.
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BlueRock acquires boutique firm dnm, looks to expand interstate
24 August 2023
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BlueRock has taken over the dnm accounting group and its three staff, including founder and director Dominic Morello (pictured), will join the 320 people already working for the Melbourne advisory firm.
BlueRock founder and CEO Peter Lalor said the acquisition would bolster its accounting team.
“We see a lot of synergies between the clients at dnm and BlueRock, and look forward to welcoming them into the BlueRock community,” he said.
“Over the past 12 months we have made several senior appointments across our wealth and legal teams and look forward to further strengthening the accounting division through the dnm acquisition.
“The strong multidisciplinary team at 505 Little Collins Street ensures clients are provided with solutions across all their business and private wealth needs.”
BlueRock said Mr Morello has more than 20 years of advisory and entrepreneurial experience and is highly regarded in the accounting sector, especially for his knowledge of tax legislation and compliance.
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“Dnm group’s impressive track record of fostering enduring relationships with a loyal client base mirrors BlueRock’s commitment to excellence,” it said.
“This exciting development translates into an expanded suite of multidisciplinary offerings for existing dnm clients, tailored to meet their evolving needs.”
The merger also marked a pivotal moment for dnm and would propel the 12-year-old family business into “a new era of diversified service offerings”, although the dnm brand itself would be discontinued.
Mr Morello said the two were a good fit.
“Our collaboration with BlueRock presents an exciting opportunity to enhance the services available to our clients at dnm,” he said.
“The dynamic growth and forward-thinking culture that define the BlueRock team perfectly complement our values and vision.”
BlueRock recently merged with Broadbent Financial merger and said with a strong foundation in the Melbourne market, it was now looking to expand into other cities.
“As the practice grows, BlueRock continues to invest in technology and AI product development to streamline service delivery, with a view to helping clients save time, reduce stress and live better lives.”
BlueRock is an integrated advisory firm offering professional services for growing businesses and individuals, including accounting, wealth, finance and law.
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