Stroz Friedberg, a global investigations, intelligence, and risk services company, announced that it has acquired the business of Tyrian Partners, LLP, a global financial investigations firm headquartered in London. Tyrian Partners’ three founders, Richard Abbey, Brian Stapleton, and Brendan Hawthorne, were subsequently named managing directors. Terms of the deal were not disclosed.
The acquisition enhances Stroz Friedberg’s investigations and intelligence service offerings, primarily outside of the US. Operating globally across all industries, Tyrian Partners specializes in investigating financial misconduct and its clients include corporations, law firms, financial institutions, investment funds, private equity houses, sovereign states, and high net worth individuals.
Tyrian Partners’ 12 employees will move into Stroz Friedberg’s London office. Abbey, one of Tyrian’s founding partners, will lead Stroz Friedberg’s global forensic accounting practice.
“We have long respected the founders of Tyrian Partners and the world-class forensic accounting work they provide on behalf of their clients in exposing fraud and recovering funds”, said Michael Patsalos-Fox, CEO of Stroz Friedberg, in a statement. “As we join forces, I believe our collective talents will keep our firm ahead of the curve of modern investigation techniques and bring the best technologies to bear for our clients.”
Elizabeth Maringer, managing director, Stroz Friedberg, said: “Fraudulent business practices today have international implications, requiring experts in multiple geographies with the ability to analyze data from various sources to get the full picture of an event. With the Tyrian team, we are excited to enhance our forensic accounting and investigations capabilities globally in anticipation of our clients’ needs.”
Stroz Friedberg’s forensic accounting team works with clients in resolving complicated business disputes and preventing, detecting, and responding to allegations of fraud. It calls upon its investigative, accounting, and analytical expertise to assist clients in all phases of fraud and misconduct matters, including prevention, investigation, and litigation.
“Stroz Friedberg is a leading player in its industry”, Abbey said in a statement. “Combining the firm’s multi-disciplined investigation talent, especially in the areas of digital forensics and cybersecurity, with Tyrian’s depth of forensic accounting and financial expertise provides a clear advantage for our clients. It’s a great opportunity to innovate financial investigations methods across a global platform.”