Deloitte to merge with Takapuna-based Diablo Management Limited
Bolsters capability supporting private business and extends Auckland reach
Professional services firm Deloitte announced today that it will be expanding its Auckland based team that supports private business by merging with North Shore firm Diablo Management on 1 November 2014.
The entire Diablo team of six staff will become part of the Deloitte Private team and will continue to operate out of their current location in Takapuna. Diablo managing director Mark Talbot will become a Deloitte partner.
Deloitte chief executive Thomas Pippos said the move was an exciting one for Deloitte. It is the latest of a number of transactions to expand Deloitte’s footprint in the Private market that has already involved mergers with successful Private practices in Dunedin, Christchurch, Wellington and Rotorua.
“We are seeing an increasing demand from private businesses for the services that we provide, particularly from rapidly growing technology companies,” said Mr Pippos.
“By merging with Diablo we strengthen our cloud-based services team in Auckland that provides our virtual CFO and outsourced accounting offerings to such businesses.”
Mark Talbot said the firm decided to join Deloitte to offer clients and staff the benefits of increased scale and access to Deloitte’s pool of expertise.
“Merging with Deloitte gives us the capability and resources to help our clients with solutions to their differing and often increasingly complex needs. It also means we are well placed to grow our own business and provide the best opportunities for our people,” said Mr Talbot.
“This is the next step for our business in terms of growth and a reflection of our team’s success. We already have a close working relationship with the Deloitte Private team and the merger simply takes that existing relationship to the next level.”