What's Happening?
Sax Advisory Group has acquired Faz Forensics, a firm specializing in forensic accounting, valuation, and litigation support. This acquisition adds 18 employees, including five partners, to Sax's team
and expands its presence with new offices in Saratoga Springs, New York, and Boston. The deal is part of Sax's strategy to enhance its service offerings and strengthen its position as a trusted advisor in forensic and advisory services. The acquisition follows Sax's recent minority investment from private equity firm Cobepa.
Why It's Important?
The acquisition of Faz Forensics by Sax Advisory Group is significant as it expands Sax's capabilities in forensic accounting and litigation support, areas that are increasingly important in the advisory industry. This move is expected to enhance Sax's ability to serve clients with complex forensic needs, providing them with specialized expertise and resources. The acquisition also reflects the growing trend of consolidation in the accounting and advisory sector, driven by the need for scale and specialization.
