Arkus Advisory has agreed to acquire Krys Global, combining two specialist firms to build what the companies described as a unified, conflict-free offshore restructuring and advisory platform.

The transaction is scheduled to take effect on Friday, subject to regulatory approvals. Financial terms were not disclosed.

Daniel McGrath will serve as managing partner of the enlarged business, overseeing a team of 16 professionals across the six jurisdictions.

The combined group will operate across Bermuda, the Cayman Islands, the British Virgin Islands, Dubai, Guernsey and the United States, allowing matters spanning multiple jurisdictions to be managed within a single advisory platform.

As part of the transition, Kenneth Krys will remain involved as a consultant to ensure continuity and ongoing access to his expertise.

Krys Global has maintained a presence in Bermuda since 2011, where it has been active in court-appointed insolvency, recovery and investigative work linked to international disputes.

The Bermuda office has been involved in a number of high-profile liquidations over the years.

The firm’s Bermuda operations are led by Joseph Sitholé, appointed in 2024.

The deal brings together Arkus Advisory’s partner-led restructuring model with Krys Global’s offshore asset recovery, insolvency and fraud investigation practice, which has operated in the region for nearly two decades.

The combined business will focus on complex, multi-jurisdictional matters requiring sustained senior involvement.

Krys Global has been involved in a number of high-profile offshore recovery and investigative assignments and has built a reputation for handling sensitive court-led and creditor-driven mandates.

Arkus Advisory said the acquisition provides a longer-term institutional structure to support that work, including continued investment in staff, systems and technology.

Under the new structure, clients will continue to work with existing teams.

The firms said the key change would be the platform supporting those engagements, with a broader geographic footprint and deeper institutional backing.