SAHA team joins with Deloitte to bolster transport, energy and resources advisory practiceDOWNLOAD
7 December 2010: The Australian practice of commercial advisory firm, SAHA International has joined professional services firm Deloitte.
Commenting on the union, Deloitte CEO Giam Swiegers said: “We are seeing a growing demand for financial and commercial advisory services by our transport, energy and resource clients across the country, driven by the need for ongoing infrastructure renewal and effective service delivery.
“The addition of SAHA’s highly experienced professionals with their complementary skills as well as deep industry expertise is an important step by Deloitte, as we continue to build capability in this growth area
Since it was established, SAHA has become a highly regarded advisory firm in the passenger transport, logistics and freight transport, energy, water and resources sectors.
The team of 34, responsible for a turnover in excess of $10m, will join Deloitte’s rapidly expanding Financial Advisory Services practice (FAS), based out of Deloitte’s Sydney, Melbourne and Brisbane offices. Deloitte’s Economic & Strategic Advisory division within FAS now increases from 97 to 131 people nationally.
“This is a real coup for Deloitte,” said the Head of FAS, partner Ian Thatcher. “Despite significant interest from other organisations, the leaders of SAHA, including Tim Arbuckle, Luke Houghton, Kumar Padisetti, Liesbet Spanjaard and Tim Reardon, preferred the culture, potential and growth opportunities offered by Deloitte.
“SAHA is widely regarded as a market leader in the multi-billion dollar passenger transport service contracting market having advised governments on the procurement of rail, ferry and bus contracts in most parts of Australia and internationally.
“SAHA has also been involved in advising on a number of high profile transport capital reform projects, including the Cross River Rail project in Brisbane, mass transit ticketing systems in South East Queensland, Victoria, and Sydney, as well as the establishment of the TransLink Transit Authority for South East Queensland,” added Mr Thatcher.
In the energy sector SAHA is well known for its commercial evaluation of traditional and emerging generation technologies as well as its state government commercial advisory work on clean coal technologies including carbon capture and storage and renewable energy technologies.
SAHA’s Tim Arbuckle responded: “SAHA chose Deloitte because of the similarity of our cultures, the complementary skill sets and the opportunity to leverage Deloitte’s strong tax, accounting and consulting capability both in Australia and globally.”