Count Financial’s Countplus business has acquired a 25 per cent stake in Canberra-based financial services firm Beames and Associates Accounting and Financial Services, which is the fifth acquisition for the wholly-owned subsidiary.
In a statement made to the Australian Securities Exchange today, Count confirmed that the deal was settled at a total cost of $0.689 million in cash and Count shares for a 25 per cent interest.
Countplus has the option to buy the remaining three-quarters of the business from July 1, 2011.
Countplus chief Jeremy Wardell said: “The business is an existing Count franchisee with a diversified client base that includes small to medium enterprises, high-net-worths and some government work.
“Its model is to provide core tax and accounting advice and to supplement this with business advisory and financial planning advice,” he said.
