SYDNEY, AUSTRALIA: Acumentis Group Limited (ASX: ACU), a national property professional services organisation, announced today that it has acquired the business and assets of Gil Wright & Associates Business Valuations (GWA), a leading business valuation provider in Queensland and NSW. The acquisition is expected to be completed by 1 February 2024.

GWA, founded over 40 years ago, specialises in a range of valuations, including rent rolls and business valuations for various purposes. As part of the acquisition, all GWA employees will join the Acumentis team and work together to expand these specialised services across Australia.

Teri Roberts, Principal of GWA, said that the integration will provide greater opportunities for career development and client relationships. Timothy Rabbit, Managing Director of Acumentis, said that the acquisition will enhance their capabilities in property professional services and deliver anticipated business growth.

The strategic move is expected to immediately contribute over $0.5 million in turnover to the Acumentis Group and position the newly acquired business to capitalise on the opportunities that come with being part of a national organisation.