WHK grows ownership footprint
Financial planning dealer group WHK has grown its ownership footprint in both Queensland and New Zealand, announcing three tuck-in arrangements with existing member firms.
The company announced to the Australian Securities Exchange that it had completed tuck-in transactions with WHK (South Queensland) based in Toowoomba and two firms based in Oamaru on the South Island of New Zealand — Scott & Co and Brady and Wollstein.
The announcement described Scott & Co as a sole partner accounting firm with six staff and an annual revenue of around $500,000, while Brady & Wollstein was described as an accounting firm with two partners, seven staff and an annual revenue of $500,000.
WHK said it intended to merge and relocate both businesses to new premises as a branch operation of WHK Group’s member firm based in Dunedin.
The company said the tuck-in transactions were consistent with WHK Group’s growth strategy of supporting the expansion of core member firms into major businesses with a competitive advantage through scope and scale of operations as part of a national listed business and financial services group.
AUTHOR
Mike Taylor
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