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In line with its plans to boost its national presence, one mid-tier firm has this morning announced a new merger with an accounting and financial planning firm.
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Mid-tier firm announces new strategic merger
29 June 2016
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8 minute read
Bentleys Tasmania is set to merge with Tenuto Financial, effective from 1 July this year, positioning the firm as the largest Tasmanian-owned state-wide accounting and advisory firm with offices in Hobart, Launceston, Ulverstone and Sheffield.
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The announcement follows other recent Bentleys’ mergers, namely in Victoria and South Australia, and is in line with a broader national expansion plan for the network across Australia and New Zealand, particularly in non-metro areas.
"The Bentleys network has undergone substantial growth in the past few years, helping to strengthen our position in the market. However, we’re not interested in expansion for expansion’s sake," said David Wilson, managing director of Bentleys Tasmania.
"We have a defined growth plan, which is why every firm we look to partner with must meet our strict criteria and truly add value to the network and clients," he said.
"Tenuto Financial has a great reputation and the same level of commitment to clients as Bentleys. We look forward to bringing Tenuto Financial into the fold," he added.
According to Bentleys, Tenuto Financial will relocate to the Bentleys Hobart office, and teams will be working closely in the coming weeks to guide the merger process for clients and staff.
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