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April 30, 2008

BDO Spicers continues aggressive growth in New Zealand

BDO Spicers continues aggressive growth in New Zealand

BDO Spicers continues aggressive growth in New Zealand

BDO International’s New Zealand member firm, BDO Spicers, has continued down the path of rapid growth through mergers, adding four new firms.

The additions were part of part of the KPMG Associate Network and represent the central and eastern regions of New Zealand’s North Island. They are McCullochs (located in Gisborne), Landrigan Waite (New Plymouth), Palairet Pearson (Napier) and McKenzie McPhail (Palmerston North).

The firms will join BDO Spicers and adopt its name next month. BDO Spicers now has more than 500 professional staff and 69 partners across 12 offices nationwide.

The firm has grown significantly this year and claims it is the leading provider of accounting and advisory services to SME and owner-operated businesses in New Zealand.

In June, the firm merged with the Wellington office of Horwath International, growing its presence in New Zealand’s capital to over 80 staff, including 12 directors. A month later the network announced that another firm, Tauranga-based Simmonds Cooney Lellman, had also joined.

BDO Spicers chairman Judith Stanway said the additions are part of a strategy to grow the firm to become the largest outside the Big Four. She added: “We are delighted to confirm that these four strong firms are joining our network. They bring with them extensive knowledge, understanding and a robust client base, as well as great people with long-standing expertise.”

On behalf of the four new member firms, McCullochs managing partner Colin Christie said: “Joining BDO Spicers means that we can retain our local identity while having access to the expertise of a national and international network. Our clients will benefit from the extensive knowledge and presence that BDO Spicers has, particularly in audit, tax and corporate finance.”

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