Andersen, the rapidly growing international network formed by former partners from Arthur Andersen, has extended its valuation practice in Latin America by signing up five collaborating firms in Argentina, Chile, Colombia and Mexico.
The additions to the network are not yet being merged into Andersen, but they could be eventually. Andersen is structured as a verein, or an association of firms. New firms on the network often start out as “collaborating” firms before becoming full members that can participate in profit-sharing and adopt the Andersen brand.
Andersen global chairman and CEO Mark Vorsatz hopes to make the firm into one of the largest independent valuation firms in the world within the next few years. “Valuation is a significant area of growth for Andersen, and you can expect to see us rapidly expand our global valuation practice in other key markets throughout Latin America and globally,” he said in a statement Tuesday.
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