Davies finalises acquisition of MDD

Davies has announced that it has signed a deal to acquire the leading international forensic accounting firm, Matson, Driscoll & Damico (“MDD”).

MDD is one of the largest specialist forensic accounting firms in the world, serving the insurance and legal sectors. The firm specialises in assessing economic damages in relation to insurance claims, business disputes, natural or man-made catastrophes, business interruption, fraud and product recalls, expert litigation support, business valuations and shareholder disputes.

MDD will form a new business line within Davies’ Global Solutions division, establishing a new global forensic accounting capability for the firm.  Davies Global Solutions also incorporates the firm’s consulting, technology and insurance solutions businesses, and is led by CEO, Mark Grocott.

Paul McGowan, CEO of MDD, will report directly to Mark and join his global solutions executive team.

Paul McGowan, CEO, MDD said: “MDD is excited to join Davies where MDD will remain focused as a business providing objective expert advice serving the litigation, economic, insurance and forensic accounting markets.  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.”

Through the addition of MDD, Davies will be able to offer its clients in the insurance, and other highly regulated markets, access to independent and leading forensic accounting solutions across five continents.

Dan Saulter, group CEO, Davies said: “It is very exciting to welcome Paul and the whole MDD team to Davies.  MDD has an enviable international reputation for expertise in the field of forensic accounting alongside delivering excellent results for its insurance and wider client base.”

Image: Davies

Emma Cockings Emma is a content editor for Claims Media. Emma is a experienced writer with a background in client-centric personal injury for a major firm. She has attended and reported on multiple brokerage events throughout her career.