Friday 20 April 2018

Accountancy firm to hire 75 after merger

Accountancy firm Crowe Horwath plans to add 75 additional staff over three years after closing a merger with Dublin-based Phelan Prescott. (stock photo)
Accountancy firm Crowe Horwath plans to add 75 additional staff over three years after closing a merger with Dublin-based Phelan Prescott. (stock photo)
Donal O'Donovan

Donal O'Donovan

Accountancy firm Crowe Horwath plans to add 75 additional staff over three years after closing a merger with Dublin-based Phelan Prescott.

The merged firm will retain the Crowe Horwath name and will have 14 partners and 150 staff with a combined turnover of €17m.

The deal closed following regulatory approval.

Crowe Horwath is part of Crowe Horwath International, the eighth-largest accountancy network in the world with over 750 offices in 129 countries globally.

"We plan on hiring an additional 75 staff over the next three years. Following the merger, we have further strengthened our focus on SMEs and owner-managers, where we are positioned as a market leader in many sectors," said Naoise Cosgrove, managing partner of Crowe Horwath.

As part of the merger, Neil Davitt and Brian Geraghty, who were partners in Phelan Prescott, have been admitted to the partnership of Crowe Horwath.

Brian Geraghty is a fellow of Chartered Accountants Ireland having initially qualified in 1988. He specialises in corporate finance with particular focus on business acquisitions and disposals for family companies. In addition to his role in the firm, he holds a number of non-executive directorships including with Applegreen.

Neil Davitt is a chartered accountant and completed his articles in Phelan Prescott & Co in 2008.

He provides audit and general business advisory services to a range of domestic and international clients in the health, property and entertainment sectors.

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