- Kelly Partners Group (KPG) acquires a $1.3 million Northern Beaches firm
- Through Kelly Partners Northern Beaches, an agreement was signed to acquire an accounting and financial planning business located in Northern Beaches, NSW
- Following completion on February 1 next year, the accounting team of the acquired business will relocate to the company’s existing Northern Beaches office
- The acquisition is expected to be accretive to earnings from FY23 onwards
- Kelly Partners Group shares are down 1.35 per cent to $3.65 at market close
Kelly Partners Group (KPG) has acquired a $1.3 million Northern Beaches firm.
Through Kelly Partners Northern Beaches, an agreement was signed to acquire an accounting and financial planning business located in Northern Beaches, NSW.
Following completion on February 1 next year, the accounting team of the acquired business will relocate to the company’s existing Northern Beaches office. Meanwhile, the financial planning team will relocate to a newly leased premises in Mona Vale.
The acquisition is expected to be accretive to earnings from FY23 onwards.
Kelly+Partners founder and CEO Brett Kelly says the business will provide a strong position in the Northern Beaches region.
“We believe our Northern Beaches office, together with our Pittwater office (launched in January 2021) and our Mona Vale office (that will be launched as part of this transaction), would command a dominant and leading position in the Northern Beaches region,” Mr Kelly said.
“Out of our 17 offices, 8 offices now qualify in their own right as a top 100 accounting firm. We believe that this scale in each location makes our businesses more competitive and sustainable, and more attractive to clients as well as talent.”
Kelly Partners Group Holdings shares are down 1.35 per cent to $3.65 at market close.