Kelly+Partners buys Penrith based accounting firm for $4.5mn

SYDNEY, AUSTRALIA: Kelly Partners Group Holdings Limited (KPG) has exchanged agreements to tuck-in an accounting firm located in Penrith,
NSW for upto $4.5 million.

Moreover, two existing partners of the acquired business will acquire a 20%
equity interest in the combined business.

Founder and CEO of Kelly+Partners, Brett Kelly said, “The acquisition confirms the attractiveness of the Kelly+Partners Partner-Owner-Driver model to owners of progressive accounting firms.”

KPG is also growing its complementary wealth, finance, general insurance, and investment office business gradually over time.

Kelly+Partners is a specialist chartered accounting network established in 2006 to provide a bet- ter service to private clients, private businesses & their owners, and families.

Growing from two greenfield offices in North Sydney and the Central Coast, Kelly+Partners now consists of 26 operating businesses across 17 locations in Greater Sydney, Melbourne and Hong Kong.

kellypartnersgroup.com.auhttp://kellypartnersgroup.com.au