Moore Stephens and Pitcher Partners have announced they will combine their Sydney operations, with the merged firm to operate under the Pitcher Partners name.
The merger will be effective from 31 October 2015, creating a combined firm made up of 28 partners and 240 staff, more than doubling their individual firm sizes.
Rob Southwell, current Moore Stephens managing director, will lead the combined firm.
“This will be a game-changing event in the Sydney accounting space,” Mr Southwell said.
“We have long respected the Pitcher Partners Association – and the Sydney practice’s culture of commitment to their clients and staff closely aligns with ours. Pitcher Partners has a long and proud history as specialist middle market service providers and they have an enviable reputation in this space,” added Mr Southwell.
Carl Millington, managing partner of Pitcher Partners Sydney, said the firm has been looking for a quality firm to merge with in the Sydney market for some time, describing the cultural fit with Moore Stephens as vital to the move.
“The importance of cultural alignment and a shared vision are paramount – rather than growth for growth’s sake," he said. "Moore Stephens Sydney shares our vision and culture. We have many clients in similar industries that will benefit from our shared expertise and increased resources and our staff will benefit from the broader access and exposure.”
Don Rankin, national chair of the Pitcher Partners Association, said the merger will provide the firm a solid foundation for further future success.
“The greater size and strength we will now have in Sydney will improve our competitiveness and provide a platform for growth. It will provide clients with a quality Australian firm with enormous depth that is focused on the middle market,” Mr Rankin said.
The Pitcher Partners Association includes firms in Melbourne, Sydney, Perth, Adelaide, Brisbane and Newcastle. With the addition of Moore Stephens Sydney, there will be 110 partners and close to 1,200 staff.