Mackay Goodwin expands to WA through GTS acquisition

25 March 2024 2 min. read
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Perth-based insolvency boutique GTS Advisory has joined Mackay Goodwin, with GTS founder Mathieu Tribut to lead the turnaround consultancy’s expansion into Western Australia.

Turnaround & restructuring consultancy Mackay Goodwin has expanded to the Australian west coast through the acquisition of Perth-based insolvency boutique GTS Advisory, with the office to be led by directors Bradley Solly and Mathieu Tribut.

The merger sees Mackay Goodwin extend its footprint to twelve locations across Australia, covering each mainland capital in addition to outlets in Wollongong, Newcastle, Geelong, the Gold Coast and Townsville.

Mackay Goodwin expands to WA through GTS acquisition

“We are thrilled to announce the opening of our Perth office, marking an important milestone in our firm’s expansion strategy,” stated Mackay Goodwin chief executive Domenic Calabretta. “This new location will allow us to better serve our clients in Western Australia and further solidify our position as a leading business advisory firm in the region. The team is already highly respected there and has an excellent understanding of regional businesses.”

A registered liquidator, Tribut established GTS in 2016 following time at BRI Ferrier, WA Insolvency Solutions and Grant Thornton and an earlier career in France, with the firm providing local small to medium enterprises with a range of specialist services in the insolvency, turnaround & business restructuring space. GTS bills itself as a cost-effective option for companies in distress which might not otherwise have access to the same level of expertise.

Solly meanwhile crosses after seven years at JBC Corporate, with an earlier business background at RSM in Perth. Speaking on the decision to join a country-wide industry leader, Tribut stated; “Mackay Goodwin has a strong reputation for delivering innovative and effective solutions to businesses navigating complex financial and operational issues. We look forward to this new chapter for the Perth business, backed by a nationally respected brand.”

The firm’s expansion to Western Australia follows Mackay Goodwin’s earlier move into the corporate advisory segment, which toward the end of last year saw the addition of new lines in cybersecurity and R&D tax incentives – the latter led by former PwC senior manager and Deloitte analyst Saurav Malhotra out of Sydney. The firm also recently brought in ex-Hall Chadwick partner Richard Lawrence as a director and registered liquidator in Melbourne.

Lawrence shares a background with his new boss Calabretta, who established Mackay Goodwin almost exactly a decade ago after having earlier kicked off his career with more than twelve years at Hall Chadwick from 2001.

Since its inception, Mackay Goodwin has grown to a team of around ten partners and revenues in excess of $10 million, with Calabretta frequently recognised as one of the country’s leading insolvency & restructuring practitioners.