Davies confirms acquisition of forensic accounting firm MDD

Davies confirms acquisition of forensic accounting firm MDD | Insurance Business Canada

Insurance News

Davies confirms acquisition of forensic accounting firm MDD

Acquisition poised to add a fresh service line to the organization’s offerings

Insurance News

By
Kenneth Araullo

Specialist professional services group Davies has announced its acquisition of Matson, Driscoll & Damico (MDD), a forensic accounting firm.

The acquisition positions MDD as a new pillar within Davies’ Global Solutions division, introducing a global forensic accounting service line to the company’s portfolio. Global Solutions, which already encompasses Davies’ Consulting, Technology, and Insurance Solutions businesses, is spearheaded by CEO Mark Grocott.

The inclusion of MDD’s forensic accounting expertise is set to broaden Davies’ service offerings, enabling access to independent forensic solutions across five continents. MDD has a professional team of over 330 serving more than 1,000 clients worldwide from over 40 offices spanning North America, Latin America, Europe, Asia, and Australasia.

Paul McGowan, CEO of MDD, will directly report to Grocott and will be included in the Global Solutions executive leadership team.

“In Davies, we have found a like-minded business offering expanded professional growth opportunities for our employees, enhanced capabilities to better serve our clients through continued expansion across global markets, investment in technology driven solutions, while maintaining a platform to attract similarly aligned entrepreneurs,” McGowan said.

Dan Saulter, group CEO of Davies, welcomed the MDD team, praising their international standing in forensic accounting and their track record of delivering outstanding results for clients in the insurance sector and beyond.

“This deal is a further demonstration of our ambition to add new capabilities, invest in pioneering technologies, and in top talent across the world to provide our clients with end-to-end services across the entire insurance lifecycle, with Davies as their strategic partner,” Saulter said.

With MDD’s integration, Davies now has a global workforce of 8,000 across 20 countries, including significant operational centres in the UK and the US, and a strengthening presence in the Asia-Pacific region.

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