Joel Muckett 9 Jan 2018 12:45pm

EY buys Irish consultancy firm

EY Ireland has acquired DKM Economic Consultants, in what is the firm’s first acquisition in the country

The acquisition will see the business rebranded as EY-DKM Economic Advisory, and a new management team will be formed led by partners Shane MacSweeney and Luke Charleton.

The DKM team will move its operations from Grand Canal Wharf to EY’s offices in Dublin.

It is hoped the acquisition will boost the Big Four firm’s services across multiple sectors such as construction and property economics, project appraisal, transport, urban economics and market analysis – all areas in which the former DKM team had expertise.

EY Ireland managing partner Mike McKerr pointed to recent investments made in the firm’s government, infrastructure and economic advisory offering as the rationale behind the acquisition.

“With more than 35 years of unparalleled experience in the Irish market, DKM offers out clients market-leading expertise to help them understand the future economic environment they will operate in, and to help them navigate the road ahead,” said McKerr.

EY Ireland head of Government, Infrastructure and Economic Advisory Shane MacSweeney said the acquisition came “at a time when Ireland is at a critical economic cross-roads with Brexit, wider geo-politics and technological disruption”.

With the acquisition, EY now employs more than 2,000 people across Ireland, including its recent intake of 253 graduates.