Andersen Group buys South Africa’s Merchantec in three-acquisition push

Andersen’s Merchantec deal gives the global advisory group its first South African investment banking firm as its 2026 acquisition push accelerates.

Timilehin Adejumobi
Timilehin Adejumobi
Andersen Group

Andersen Group,  a global professional services firm, is expanding its global professional services network with the acquisition of South Africa’s Merchantec, alongside two firms in Italy and the Netherlands. 

The three transactions bring Andersen’s completed or signed deals to 19 in 2026, representing about $190 million in annualized revenue and deepening its reach across key markets.

The transactions cover different parts of Andersen’s advisory platform. Andersen in Italy is a multidisciplinary corporate advisory law firm, while Andersen in the Netherlands provides corporate finance and valuation services. 

Merchantec adds investment banking capabilities in South Africa, giving Andersen a new foothold in the country’s capital markets. 

Merchantec opens African front

Merchantec will become Andersen’s first investment banking firm in South Africa, strengthening its position in one of Africa’s largest economies. The acquisition gives Andersen a platform to pursue corporate finance and related advisory opportunities while adding Merchantec’s established relationships across companies, investors and financial markets.

“These transactions demonstrate the continued execution of our acquisition strategy and our ability to expand both geographically and into complementary service lines,” Mark L. Vorsatz, chairman and CEO of Andersen Group Inc., said in a statement. 

“With 19 transactions representing approximately $190 million in annualized revenue, M&A is becoming an increasingly meaningful component of Andersen’s growth,” Vorsatz said. 

He added that the company is placing experienced leadership across the acquired businesses to support integration and accelerate their development as part of Andersen’s wider platform.

Europe adds new capabilities

Italy and the Netherlands remain important markets in Andersen’s European expansion strategy. The Netherlands acquisition also introduces valuation advisory as a new service line for Andersen in Europe and gives the company its first dedicated valuation firm in the region, broadening its offering to corporate and investment clients.

The European deals also strengthen Andersen’s regional management structure. Vorsatz said Andrea and Paolo bring the market expertise needed to expand the company’s European operations, while their leadership is expected to support additional acquisitions and help integrate businesses across the region.

Merchantec deepens advisory reach

Merchantec Capital has operated for more than 20 years as an independent adviser across equity and debt capital markets, mergers and acquisitions, valuations, research and corporate governance. The firm advises listed and public companies, large corporations, privately held businesses, management teams and private equity firms.

Andersen provides tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds. Its model emphasizes independent advice, transparency and coordinated client service, with its global platform spanning tax, legal, valuation and consulting services across more than 180 countries.

Acquisition pipeline remains active

Andersen’s global network includes more than 1,000 locations, over 3,000 partners and about 50,000 professionals across member and collaborating firms. 

The company expects acquisitions to remain a central part of its growth strategy alongside organic expansion, with opportunities under review across tax, legal, consulting and corporate finance.

Of Andersen’s 19 signed transactions in 2026, nine have closed, while the remaining 10 are expected to be completed this month or in the first quarter of 2027. The pipeline signals that Andersen is continuing to use acquisitions to add capabilities, enter markets and expand its professional services platform.

Share This Article