Sharechat Logo

Shephard Dunphy join BDO fold, adding Wellington insolvency team to accounting firm

Wednesday 11th April 2018

Text too small?

Wellington insolvency firm Shephard Dunphy has thrown its lot in with BDO, making the accounting firm the country's third-biggest insolvency practice and providing it a ready-made foothold in the capital city. 


BDO Wellington acquired Shephard Dunphy for an undisclosed sum, and will add Iain Shephard and Jessica Kellow to its list of partners, it said in a statement. The deal gives BDO 11 accredited insolvency practitioners across the country's four main centres and more members of the Restructuring Insolvency Turnaround Association of New Zealand industry body than any other, it said. 


Shephard told BusinessDesk the transaction came together mutually, filling a regional gap for BDO and adding a broader network for the insolvency firm's clients.


"It's good for BDO and fills quite a gap because they didn't have an insolvency team in Wellington," Shephard said. 


Shephard Dunphy's team will go across to BDO, with Shephard and Kellow becoming partners of the accounting firm, something he said was a component of the sale price. 


According to its website, the insolvency firm accepts about 100 assignments a year. 


BDO Wellington managing partner Mark Bewley brought a boutique offering to the wider group and underlined the Wellington office's effort to expand its service range. 


"We’re very pleased to be in a position to bring Shephard Dunphy’s significant skills and experience," Bewley said. "Two strong firms coming together is a marker of growth and that is our plan."



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

QMS pulls out A$35M from NZ unit in MediaWorks merger
Take care to avoid "unnecessary" cost in electrifying economy - Vivid
Is this the calm before a storm of credit card thrashing?
Shrinking meat and dairy product manufacturing weighs on growth outlook
Jon Macdonald to stay on as Trade Me boss through takeover tussle
Shareholders’ Association wants Finzsoft to come clean
A2 rings in more executive changes under new CEO Hrdlicka
NZ dollar dips as China-US trade tensions cast pall over global markets
No end in sight to global market turmoil
MARKET CLOSE: NZ shares rally on speculation of flat US rate track; Spark gains

IRG See IRG research reports