CountPlus member firm acquires NSW accountant

Countplus/matthew-rowe/Cooper-Reeves/

7 October 2020
| By Laura Dew |
image
image image
expand image

CountPlus member firm Mogg Osborne has completed a tuck-in acquisition of Freedom Accounting Group. 

The acquisition was structured as a cash payment of $0.7 million with an initial payment on completion and a balance dependent on recurring revenue for the 12-month period post completion. 

Marian Adams, retiring principal of the Albury, NSW business, would remain on hand to ensure a smooth transition and Freedom Accounting clients would now access financial advice through Mogg Osborne.  

It would expand the footprint of Mogg Osborne which worked in regional towns close to the Victoria and NSW border.  

CountPlus chief executive, Matthew Rowe, said: “CountPlus is pleased to see the expansion for Mogg Osborne because we’re true believers in the value that quality accounting and financial planning can provide to Australians, especially family and small businesses in rural communities who have faced unique challenges in recent times. 

“This acquisition speaks to the quality tuck-in opportunities that are available to the CountPlus network due to our strong balance sheet and strategic growth focus.” 

This was the third tuck-in acquisition  by CountPlus member firms in a month following the acquisition of CBD Wealth Solutions by Cooper Reeves and AdviceCo acquiring Arch Capital.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 1 hour ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5