Andersen Group consolidates Nigerian operations under public company
Andersen Group is bringing its Nigerian tax and consulting practices under its NYSE-listed umbrella, a move that gives the firm direct corporate control over a key African growth market.
Andersen Group Inc. (NYSE: ANDG) has acquired its Nigerian member firms, Andersen Tax LP and Verraki Partners, bringing them under its U.S.-listed corporate structure. The transaction converts a network affiliation into direct ownership, consolidating the firm's presence in Africa’s largest economy.
For investors, the deal signals Andersen’s intent to internalize revenue from high-growth emerging markets rather than rely on loosely aligned network affiliates. By folding these operations into the public company, Andersen gains direct financial control over a practice that serves multinationals navigating one of Africa's most dynamic but complex regulatory environments.
Andersen in Nigeria, which the network established in 2017, provides tax, transfer pricing, and regulatory advisory to multinationals and high-net-worth individuals. Verraki Partners, which joined the Andersen Consulting network during its global launch in 2025, focuses on strategy and technology modernization for private and government entities.
The combination is designed to cross-sell services, pairing Verraki’s digital transformation capabilities with Andersen’s traditional tax and legal advisory. “Becoming part of Andersen Group reinforces our integrated service model and enhances our ability to deliver seamless, multidisciplinary solutions across Nigeria and the broader region,” said Olaleye Adebiyi, office managing director of Andersen in Nigeria.
Verraki managing partner Olaniyi Yusuf framed the integration as a way to streamline complex, multi-jurisdictional consulting engagements. “Formal integration into Andersen Group enhances coordination across disciplines and geographies, enabling us to better support modernization, resilience, and sustainable growth initiatives,” Yusuf said.
The integration highlights a growing trend among global advisory networks shifting from decentralized partnerships to centralized corporate structures. This model allows publicly traded parents to leverage their balance sheets for regional expansion while ensuring standardized service delivery across borders.
Andersen operates across more than 180 countries through a network of over 3,000 partners and 50,000 professionals. The Nigerian consolidation fits into the firm’s broader strategy of offering a unified platform spanning tax, legal, valuation, and consulting services.
