Kroll, a company specialising in financial and risk advisory services, has acquired Kirby Healy, a corporate insolvency practice in Dublin, Ireland.

The deal strengthens Kroll’s restructuring capabilities in the region, effectively doubling the size of its local workforce.

The integration of the Kirby Healy team will enable Kroll to offer an expanded suite of services in Ireland, including areas such as expert testimony, forensic accounting, fraud investigations, litigation support, matrimonial disputes and shareholder conflict resolution.

Kirby Healy managing partner Myles Kirby said: “Joining Kroll unlocks new strategic growth opportunities for us and enhances our ability to deliver complex mandates locally and cross-border.

“It gives us the scale and global reach to better support our clients – from Irish businesses with international ambitions to multinationals with operations in Ireland.

“Together, we are well positioned to help clients navigate complexity and unlock value at every stage of the business life cycle.”

Kroll said this acquisition aligns with its growth strategy in Ireland, which is designed to address increasing demand for “sophisticated” restructuring and advisory services.

With the addition of Kirby Healy, Kroll now has a total of 26 restructuring experts based in Dublin, thereby enhancing its presence in the Irish market.

The broader Irish team, which consists of more than 70 employees, also offers services in valuation, real estate advisory, compliance and regulation, cyber resilience and construction.

Kroll managing director Declan Taite said: “We are delighted to welcome Kirby Healy to the team today whose expertise will be instrumental as we continue to grow in Ireland and across Europe.

“Geopolitical tensions are no doubt causing huge uncertainty for Irish businesses, in addition to a wide range of increasing business costs.

“At Kroll, we are noticing greater proactiveness and much earlier engagement from business owners in seeking professional advice to help address financial distress, as well as ensure timely and transparent engagement with their stakeholders.

“The Kirby Healy team, with their deep industry knowledge and strong track record, will allow us to offer clients a broader set of services and deeper bench strength.”

Earlier this year, Kroll revealed plans to expand its global restructuring practice in Europe, making several strategic hires in response to an anticipated rise in restructuring activities in the near future.

This expansion included the appointment of Aurelio Garcia-Miro and Andreas Fluhrer as co-heads of restructuring in Europe, marking the launch of Kroll’s restructuring practice in Germany.