BDO Canada LLP has acquired H&A Forensic Accounting, a Toronto-based professional forensic accounting and advisory firm.
The deal represents the seventh strategic merger for BDO Canada in the past 12 months, adding 285 partners and staff members to the firm across key markets in Canada.
Under the terms of the latest acquisition, H&A will become known as BDO H&A Forensics. Financial terms were not disclosed.
H&A, founded over 25 years ago, provides advisory services to corporate and legal clients facing business and litigation risks. The firm specializes in personal injury insurance claims quantification. Its proprietary Virtual Office technology gives insurance companies and legal counsel a set of financial utilities to help them perform income loss and interest calculations.
“We’re committed to continually looking at ways to diversify and expand our offering to become best in class, and our acquisition of such a respected firm like H&A is proof of that,” said Greg Hocking, head of BDO’s forensic accounting practice, in a statement. “The acquisition doubles our presence overnight in the forensic accountancy field, creating a market-leading practice and a full-service offering for our clients.”
H&A’s clients include some of Canada’s largest property and casualty insurers and top legal firms.
“As a result of this acquisition, we can now tap into a truly national platform to provide our clients with not only coast-to-coast coverage and a breadth of services, but also to ensure that they continue to receive the same level of quality service and expertise they have come to expect over the years,” said H&A founding partner Oleh Hrycko. “BDO H&A Forensics’ market leadership position gives us a great opportunity for ongoing growth and provides a depth of resources to better meet the future needs of our clients.”
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