EY announces another acquisition

EY has agreed to purchase leading energy market systems and modelling consultancy Roam Consulting. The Roam team, including founder and executive chairman Ian Rose and managing director Ben Vanderwaal will join EY as part of the deal.

The acquisition is the fourth in a string of recent purchases made by the firm including a sustainability consultancy, remuneration consultancy and a market research firm.

EY Oceania Power & Utilities leader Matt Rennie said the acqusition of Roam would significantly extend the firm’s capabilities in the power and utilities sector.

“The specialist energy market modelling and data analytics that Ian, Ben and their team bring to EY will enable us to grow our national valuation and business modelling team and further build our economic and regulatory capabilities in the power and utilities sector,” said Mr Rennie.

“We are the first professional services firm in Australia and New Zealand to offer this breadth of service offerings, so it’s a very exciting development for EY, particularly given the changes occurring throughout the energy sector right now. The extended capability is key for helping both public and private sector clients making capital investment decisions,” Mr Rennie said.

Roam founder and executive chairman Ian Rose said he and the whole Roam team are excited to be joining EY.

“EY is the leading advisory firm in the power and utilities sector and this will allow us to combine our cutting-edge advice with a greater breadth and depth of services,” he said.

“Being part of a global firm will also provide us with broader markets for our services and new career development opportunities for our people,” said Mr Rose.