CountPlus invests in Victorian accounting firm



CountPlus has announced it has finalised terms to acquire a 49% shareholding in Mildura-based accounting firm Southern Cross Business Advisers (SCBA), another acquisition as part of its ‘owner, driver – partner’ model.
The company said the total purchase consideration was $2.79 million, with an initial cash payment of $2.23 million and the remainder being a deferred payment in 12 months.
As part of the transaction, Noel Costa would continue to lead SCBA as managing principal and existing key principals would remain with the business as shareholders.
Matthew Rowe, CountPlus chief executive and managing director, said the merger was an example of the opportunities that came from the ‘owner, driver – partner’ model.
“This partnership with SCBA is another example of how we identify and invest in quality people and businesses,” Rowe said.
“The existing team and clients of SCBA will see the benefits that come with the support of our partnership model and the intellectual and financial capital that comes with our partnership approach.”
In the financial year 2021, SCBA generated accounting revenue of $6 million.
Recommended for you
The Compensation Scheme of Last Resort has released the FY26 revised levy estimate, but the FAAA is concerned costs will be pushed into the following year.
Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
The finalists for the 2025 Australian Wealth Management Awards have been revealed, shining a spotlight on the top performers and rising stars across the nation’s wealth sector.