Kroll Expands Restructuring Expertise with Kirby Healy Acquisition
Kroll Expands Restructuring Expertise with Kirby Healy Acquisition
Kroll, an esteemed provider of financial and risk advisory solutions, has made a strategic acquisition of Kirby Healy, a specialized corporate insolvency practice. This acquisition marks a significant milestone for Kroll in enhancing its restructuring capabilities in Ireland, effectively doubling the size of its local team.
Strengthening Local Presence
Integrating Kirby Healy into Kroll's existing operations allows the company to offer a broader range of services. These services include fraud and white-collar crime investigations, forensic accounting, and litigation support. By enhancing its advisory offerings, Kroll reaffirms its position as a leader in Ireland's restructuring landscape.
Addressing Growing Demand
The acquisition is part of Kroll's extensive growth strategy aimed at addressing the rising demand for sophisticated restructuring and advisory services. With marquee projects on the horizon, the addition of Kirby Healy increases the firm’s local restructuring experts to 26 in Dublin, strengthening its service delivery capabilities.
Expert Teams and Broader Offerings
Kroll's wider Irish team boasts more than 70 employees who provide expert services in valuation, real estate advisory, compliance, and more. This expansive expertise positions Kroll to tackle complex challenges faced by businesses today, offering tailored solutions that respond to urgent market conditions.
Leadership Comments on the Acquisition
Declan Taite, Managing Director at Kroll, expressed excitement about welcoming Kirby Healy into the Kroll family. According to Taite, Kirby Healy's expertise will play a crucial role in supporting Kroll's growth in Ireland and other European markets. He emphasized that with the current geopolitical tensions and rising business costs, there is an increasing demand from businesses for proactive engagement and professional financial advice.
Kirby Healy’s Commitment to Client Success
Myles Kirby, Managing Partner at Kirby Healy, highlighted joining Kroll as a gateway to new strategic growth opportunities. He emphasized that this partnership empowers their ability to handle complex mandates both locally and across borders. Together, they are positioned to unlock value for clients and navigate critical business challenges.
Enhanced Advisory Services with Local Expertise
Brent Tomlinson, President of Risk Advisory at Kroll, affirmed that the integration of Kirby Healy enriches Kroll’s advisory capabilities in Ireland and beyond. This acquisition is seen as a strategic investment that strengthens Kroll's commitment to providing innovative solutions for clients navigating today’s complex business environment.
Future Developments for Kroll
Kroll is poised for ongoing growth, fueled by an expansion of its global restructuring practice in Europe through strategic hires. These include key appointments to bolster their capabilities in major financial hubs, ensuring that they remain at the forefront of the growing restructuring activity in the region.
About Kroll
As a leading independent provider of financial and risk advisory solutions, Kroll plays a critical role in helping clients navigate complex challenges. With a workforce of over 6,500 professionals worldwide, Kroll offers solutions backed by nearly a century of trusted expertise. They deliver unmatched insights, data, and technology, empowering clients to maintain a competitive edge.
About Kirby Healy
Founded in 2016, Kirby Healy specializes in corporate insolvency and related services. Their team focuses on delivering expertise in fraud investigations, forensic accounting, and expert witness support, catering to a range of clients across various sectors.
Frequently Asked Questions
What does Kroll’s acquisition of Kirby Healy entail?
The acquisition expands Kroll’s restructuring capabilities in Ireland, adding additional expert resources and service offerings.
How will Kirby Healy’s team integrate with Kroll?
The Kirby Healy team will merge with Kroll’s existing operations, enhancing service delivery across various advisory functions.
What services will Kroll offer after this acquisition?
Kroll will offer a wider range of services, including fraud investigations, forensic accounting, litigation support, and corporate insolvency solutions.
What is Kroll’s strategy in Ireland?
Kroll aims to grow its market presence and meet increasing demand for complex restructuring and advisory services across Ireland and Europe.
How does Kroll’s expansion affect clients?
This expansion allows Kroll to provide more varied and tailored advisory services, helping clients navigate financial complexities effectively.
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