EY makes first Irish acquisition

EY Ireland has acquired DKM Economic Consultants, the firm’s first ever acquisition in Ireland, in a bid to extend the firm’s economic advisory services

The team will integrate into the EY network as EY-DKM Economic Advisory, working alongside EY’s global community of more than 180 economic advisory professionals.

DKM Economic Consultants was founded in 1981 and is led by directors Annette Hughes and John Lawlor. The DKM team will relocate operations to EY’s office this month. DKM’s existing clients include many of Ireland’s largest private and public sector companies, government departments, local authorities and state agencies, and the EU Commission.

The combined 15-strong EY-DKM Economic Advisory team led by partners Shane MacSweeney and Luke Charleton will offer enhanced expertise across a wide range of specialisms, including construction and property economics, project appraisal, transport, urban economics and market analysis.

Mike McKerr, country managing partner, EY Ireland, said: ‘Our rationale for the acquisition is to build on recent investments we’ve made in our government, infrastructure and economic advisory offering.

‘Many of our Irish clients, domestic and international, are grappling with uncertainty from a variety of perspectives including social, political and technological. With more than 35 years of unparalleled experience in the Irish market, DKM offers our clients market-leading expertise to help them understand the future economic environment they will operate in, and to help them navigate the road ahead.’

Annette Hughes, director at EY-DKM Economic Advisory, said: ‘We look forward to working with our existing and new clients as EY-DKM Economic Advisory, and to building an even stronger force together in the Irish consultancy market.

‘Our combined experience and expertise in the area of infrastructure and public investment is a good example of the potential synergies that can be achieved by this acquisition, and leaves our joint teams well placed to provide a really unique offering in the Irish market.’

Report by Pat Sweet

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