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BDO makes strategic play by acquiring Economic Research firm EconSearch

02 July 2017

BDO has acquired a specialist economic research and analytics firm - EconSearch - in Adelaide.

Rudy Pieck, Managing Partner, BDO South Australia, said the acquisition will enable the firm to become a bigger player in the Adelaide market as well as link to BDO’s existing economic research offering which was boosted by the recent appointment of ex-Deloitte Access Economics lead Mark Ingham, who joined BDO (Brisbane) as an Executive Director.

EconSearch was established in 1995 to provide economic research and consulting services throughout Australia.

The firm provides independent economic analysis and policy advice to firms, industry associations, research & development corporations, regional development boards, government agencies and other organisations.

“EconSearch will be an additional speciality service available for our clients and we will now be able to provide products such as economic assessments,” Mr Pieck said.

“We now have economic specialists available locally in Adelaide which will feed into BDO’s National economic research offering.”

EconSearch Director Julian Morison who moves across to BDO as a Director, said:

“We’re delighted to be joining the BDO family which will provide opportunities for staff to broaden their professional development and workplace experience.”

The EconSearch transition includes Julian Morison, Director, and Economists Heather Bailey; Lisa Carlin; Anders Magnusson; and Nicholas Angelakis, who will all sit in BDO’s Advisory area. Staff will be located together at BDO SA’s King William Street offices as of 1 July, 2017.

The acquisition follows on from the recent appointments of Stephen Nisbet who joined BDO SA as a Director, having spent 11 years with KPMG’s Corporate Tax division and Nick Kervin who joined to head-up BDO SA’s IT Consulting practice.  It brings the total number of Adelaide Partners to 18 and staff to 137.

Today’s deal is the second acquisition by BDO this year following Whelan & Cook - a Melbourne-based business advisory, tax and accounting firm – joining the firm in May of this year.