AZ NGA

Overview

AZ NGA is a prominent Australian private investment firm specializing in financial advisory and accounting services. The firm focuses on acquiring minority and majority equity stakes in high-quality financial advisory and accounting firms across Australia, aiming to foster growth and enhance operational efficiencies by providing strategic support and expertise to help deliver superior services to their clients. As of August 2024, AZ NGA's network of partner firms collectively managed over $15 billion in assets under advice. In December 2024, AZ NGA completed a significant transaction with Oaktree Capital Management, with Oaktree investing $240 million to become the group's largest shareholder. This partnership is expected to accelerate mergers and acquisitions activity, drive organic growth, and solidify AZ NGA's position as a leading professional services company in Australia. The strategic alliance with Oaktree is part of AZ NGA's broader strategy to acquire, merge, and consolidate businesses into 'Super firms,' invest in business services to form a national Centre of Excellence, and establish a national advice firm. AZ NGA's investment approach is characterized by a focus on financial advisory and accounting services, with a commitment to supporting business owners and their clients in simultaneously growing their practices while effectively managing ownership succession. The firm's leadership, under CEO Paul Barrett, emphasizes the importance of strategic partnerships and capital investment to fund short-to-medium-term plans and continue enhancing the proposition to accounting and advice businesses. This approach reflects AZ NGA's dedication to becoming Australia's leading professional services advisory company, inspiring and supporting its people, clients, and entrepreneurs to succeed and grow.