ACT-based Synergy Group has revealed itself as the purchaser, with partner Patrick Quade spruiking the merits of Synergy’s recent acquisition.
“This acquisition combines the strengths of two Canberra-focused firms, building our capability to deliver audit and assurance services to government and the not-for profit sector,” he said.
“We give our staff the resources and support they need to be successful, and we are excited that we can now share this with the team joining us from Moore Stephens.
“It’s further proof of Synergy’s strength as a company and Canberra’s potential that the team from Moore Stephens Canberra has opted to partner with Synergy,” Mr Quade said.
The firm prides itself on an agile corporate structure within which clients connect directly with consultants, claiming this model keeps work moving efficiently and overheads low.
Eric Hummer, Moore Stephens Canberra managing partner, said joining Synergy makes sense for the Moore Stephens office.
“We recognised the strength of Synergy’s corporate culture and professionalism and depth of expertise which are a great fit for us and our clients,” he said.
“We believe this will offer our team enhanced career opportunities and improve our service offering to the market.”
The merger of the two companies will be complete by mid-October. Commercial terms were not disclosed.