Count investee makes Perth acquisition
Count Financial has continued its growth strategy with its wholly owned subsidiary Countplus announcing another tuck-in acquisition — this time a Perth-based accounting business D.F. Crawley and Associates.
In an announcement to the Australian Securities Exchange this week, Count said that its Perth-based investees, RLF Bentleys had undertaken the acquisition, which was a sole practitioner business with fees of around $650,000 covering a range of mainly high-net-worth individuals.
It said the total cost of the acquisition was $550,000 and was settled with $275,000 in cash with the balance payable over two years and subject to client retention provisions.
Count said the acquisition had expanded Bentley’s existing high-net-worth client base while enabling financial planning and other additional services to be offered to these clients.
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