PwC Australia has acquired Advancy Australia, a specialist value creation and commercial due diligence firm, as it expands its capabilities across private equity and corporate transactions.
Advancy Australia founders Carl Brostrom and David Thevenon will join the PwC Australia partnership along with their team.
The acquisition adds specialist commercial due diligence and value creation capabilities to PwC Australia’s existing deals, tax and transaction advisory platform.
PwC said the combination reflects increased client demand for integrated support across the full transaction lifecycle, from evaluating investments and strategic decisions through execution, transformation and post-deal value creation.
Advancy Australia has operated since 2013 and advises private equity firms and corporate clients, with particular experience across consumer, healthcare and industrial markets.
PwC Australia’s Deals business recorded high double-digit growth during fiscal 2026.
The transaction forms part of PwC Australia’s broader investment in specialist expertise, industry capabilities and integrated advisory services as clients respond to artificial intelligence, changing business models and more complex transaction environments.
KEY QUOTES:
“The nature of advisory is changing. Clients are looking for experienced professionals and deeper sector expertise, more integrated support and partners who can help them move from strategic decisions to outcomes. Advancy Australia strengthens our ability to support clients across the investment and deals lifecycle, combining specialist commercial due diligence and value creation expertise with PwC’s broader deals, industry and transformation capabilities.”
Ro Antao, Advisory Leader at PwC Australia
“Clients are making more complex deal decisions and are looking for sharper commercial insight and more integrated support before, during and after transactions. They’re also looking for more than just advice, they want a connected journey across the transaction lifecycle. We’re pleased to welcome Carl, David and their team to PwC to help us enhance that support, and our focus is on a smooth transition for our clients and our people.”
Kushal Chadha, Deals Leader at PwC Australia
“Since 2013, we have established a strong reputation for advising leading private equity investors and corporate clients in Consumer, Healthcare and Industrials. PwC’s scale, breadth of capabilities and deep industry expertise will enable us to offer our clients greater support across the full strategy and transaction lifecycle.”
Carl Brostrom, Co-Founder of Advancy Australia
“We are thrilled to be joining PwC Australia. The combination brings together two highly complementary teams and creates an exciting opportunity for our clients and our people. It will enable our amazing team of people to build their career in the pre-eminent professional services firm.”
David Thevenon, Co-Founder of Advancy Australia
