Big four firm KPMG has acquired a multi-service accounting firm in Western Sydney, marking its expansion plans with audit, advisory and tax work in the region.
KPMG makes sizeable firm acquisition in Sydney
KPMG Australia announced this morning it has wholly acquired Parramatta-based YCG Accountants, which provides accounting, audit and advisory services to the Western Sydney market.
About 60 employees will come across to KPMG’s Enterprise business, including five partners. This arm of the big four firm primarily services the mid-market.
Partner at KPMG Enterprise, David Pring, said this marks the firm’s plans to increase scale and capacity in Western Sydney, particularly in construction.
“From opening our doors in Parramatta in February 2015 with just 40 people, to opening a Penrith office in March this year, and now adding YCG at Parramatta, KPMG is on track to employ more than 250 people across Western Sydney by financial year end,” he said.
The NSW government’s infrastructure spend in Western Sydney is also factored into KPMG’s expansion plans. The government is investing about $1 billion into Westmead and $2 billion into the private sector. Other projects on the boil include the NorthWest rail link, and North Connect which links the M1 and M2.