Independent experts

H2 2025 · Independent expert reports on deals announced · 20 deals · A$21bn disclosed

Independent experts, H2 2025, ranked by number of deals

1	BDO A$160m · 25.0% share	159.5	25.0%
Share BDO's #1 Share on LinkedIn Post on X Send by email Download image 23 Dec 2025 ACAM GP acquisition of Hartshead Resources A$40m equity value 1 Dec 2025 Montage Gold Corp. acquisition of African Gold 13 Oct 2025 IsoEnergy acquisition of Toro Energy A$75m equity value 6 Oct 2025 Snow Lake Resources acquisition of Global Uranium and Enrichment A$44.5m equity value 24 Jul 2025 Capricorn Metals acquisition of Warriedar Resources
2	Kroll A$7.3bn · 20.0% share	7,345.4	20.0%
Share Kroll's #2 Share on LinkedIn Post on X Send by email Download image 8 Dec 2025 Brookfield Asset Management acquisition of National Storage REIT A$6.7bn 30 Sep 2025 Southern Cross Media Group and Seven West Media merger A$417m equity value 18 Aug 2025 Adamantem Capital Management acquisition of Apiam Animal Health A$228m Aug 2025 LDR Assets acquisition of Elanor Commercial Property Fund
3	Grant Thornton A$1bn · 15.0% share	1,048.0	15.0%
Share Grant Thornton's #3 Share on LinkedIn Post on X Send by email Download image 13 Oct 2025 Caterpillar acquisition of RPMGlobal Holdings A$1bn 15 Sep 2025 TT Investments acquisition of 360 Capital Group 8 Sep 2025 Samuel Terry Asset Management (STAM) acquisition of Eildon Capital Group
4	Lonergan Edwards & Associates A$610m · 10.0% share	609.7	10.0%
Share Lonergan Edwards & Associates's #4 Share on LinkedIn Post on X Send by email Download image 30 Sep 2025 Southern Cross Media Group and Seven West Media merger A$417m equity value 14 Jul 2025 Iris Cairns Property acquisition of Reef Casino Trust A$193m equity value
5	Grant Samuel A$12bn · 5.0% share	11,700.0	5.0%
Share Grant Samuel's #5 Share on LinkedIn Post on X Send by email Download image 24 Nov 2025 Macquarie Asset Management acquisition of Qube Holdings A$12bn
5	KPMG A$270m · 5.0% share	270.0	5.0%
Share KPMG's #5 Share on LinkedIn Post on X Send by email Download image 20 Aug 2025 Darwin Aus acquisition of Lynch Group Holdings A$270m equity value
5	Stantons A$62m · 5.0% share	62.0	5.0%
Share Stantons's #5 Share on LinkedIn Post on X Send by email Download image 22 Jul 2025 Rover Group acquisition of Mad Paws Holdings A$62m equity value
5	Titan Partners Corporate Finance A$34.1m · 5.0% share	34.1	5.0%
Share Titan Partners Corporate Finance's #5 Share on LinkedIn Post on X Send by email Download image 4 Jul 2025 Maxo Telecommunications acquisition of Vonex A$34.1m
5	Leadenhall A$28.8m · 5.0% share	28.8	5.0%
Share Leadenhall's #5 Share on LinkedIn Post on X Send by email Download image 15 Oct 2025 Suzerain Investments Holdings acquisition of Entertainment Rewards A$28.8m equity value
5	Deloitte 5.0% share	–	5.0%
Share Deloitte's #5 Share on LinkedIn Post on X Send by email Download image 10 Oct 2025 Beam Dental acquisition of Pacific Smiles Group
5	RSM 5.0% share	–	5.0%
Share RSM's #5 Share on LinkedIn Post on X Send by email Download image 15 Dec 2025 Li-FT Power acquisition of Winsome Resources

Share of the table, H2 2025

Top ten by number of deals.

Rank by year

This table's top firms in each year.

7 deals have no disclosed value. Methodology

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Covers deals in Australia only for now. New Zealand is in progress; the United Kingdom, the United States, Canada, Singapore, China and India are planned. Values are in Australian dollars.