Ifac, the national accountancy and financial advisory firm, has acquired Michael G Murphy Accountants, a Charleville-based practice, strengthening its presence across north Cork and the wider Munster region. The transaction sees the Charleville team joining forces with Ifac's Mallow office.

The Irish Independent reported that Ifac, which has been operating for 50 years, provides specialist advice to the farming, food, agribusiness, and SME sectors. The firm's national growth strategy has seen expansion across 30 locations nationwide, working with 600 professionals.

Michael G Murphy Accountants brings an established reputation for supporting local enterprises and farming clients. Mike Murphy, of Michael G Murphy Accountants, said joining Ifac represents an "excellent opportunity" for his team and clients.

He added: "We have always taken pride in delivering personal, reliable and sector-focused advice. As part of Ifac, we can maintain that local focus while giving our clients access to a broader range of specialist expertise and national resources. We look forward to working closely with Niamh, Gary and the wider Mallow team."

John Donoghue, chief executive of Ifac, said: "Mike and his team have built a strong and trusted practice with deep roots in the local business and farming community. Their expertise aligns closely with our specialist focus on farming, food, agribusiness and SMEs."

He added: "As one of Ireland's largest accounting, tax and advisory firms, our continued growth ensures that clients in north Cork, west Limerick, and across Munster have access to both local insight and national capability. We are delighted to welcome the team to Ifac."

Ifac has been serving the farming, food, and agribusiness community since 1975, establishing itself as a leading professional services firm across these sectors.

Read the complete details on Ifac's strategic acquisition and expansion across the Munster region.