The mid-tier network has merged with a long-standing Brisbane firm, as it begins a hunt for further mergers and acquisitions.
PKF seals Brisbane merger, eyes further deals
PKF Brisbane has now welcomed Springwood-based boutique practice PT Partners into the fold, with all four partners and their staff offered positions with PKF.
Terms of the deal have not been disclosed.
PT Partners, which has built up its presence in Springwood for over 30 years, will continue to operate in its southside office as part of the deal.
Peter Thorp, founder of PT Partners, said he had been on a lookout for a firm to join and ultimately decided on PKF as it was “the best fit from a client and staff culture perspective”.
The merger is PKF Brisbane’s second in three years after it acquired Kim Partners in early 2019. The combined practice now boasts 85 people, including nine partners and four directors.
PKF will also welcome RSM senior manager Andrew Lavens as director in its business services group in early August.
PKF Brisbane managing partner Liam Murphy said the firm was looking to grow further at a time of increased consolidation in the accountancy space.
“We are still looking for more firms to join PKF,” said Mr Murphy. “Business services practices like PT Partners are our main focus.
“With PT Partners joining, the size of our business services practice increases by 50 per cent. Their clients are comparable in size to ours and they have requirements we are well placed to address. The clients with national and international growth plans and audit needs will benefit in particular.
“It’s an exciting period for PKF Brisbane.”