CAAA commences Qld expansion and $15m investment
BusinessThe accounting and advisory firm has joined forces with EDR Accounting and Business Solutions, unveiling its $15 million investment and expansion in Queensland.
Queensland-based EDR Accounting and Business Solutions has joined the Commercial Associates Accountants and Advisors (CAAA) group as it delivers on its plan to expand and invest in the state.
CAAA noted this acquisition strengthened its position as an “innovative leader” in accounting and advisory services and would combine EDR's technology and business solutions with CAAA’s national presence and breadth of technical expertise.
EDR, partnered by Eric Dickler and Shofeeq Tinwala, was founded in 2016 and was recognised for a tech-driven, entrepreneurial approach and a focus on helping business owners grow, secure funding, optimise performance and navigate major transactions.
Fleming Stojanovski, CAAA CEO, said the expansion would result in clients benefiting from smarter systems, enhanced efficiency and fresh ideas designed to help businesses thrive in today’s rapidly changing landscape.
“Eric, Shofeeq and the EDR team bring an energy and growth mindset that’s rare in the accounting space. Their focus on technology and strategic advisory perfectly complements our emerging national capabilities,” he said.
“Bringing them on board as state directors in Queensland is a major win as we accelerate our $15 million investment in the state.”
Stojanovski also noted that EDR had specialist expertise in outsourced CFO services, business growth strategy, grant funding and M&A advisory, which would be made available to CAAA clients.
Dickler said by combining forces, CAAA and EDR aimed to redefine the role of the accountant from compliance processor to strategic growth partner, helping business owners make confident decisions, access capital, and create long-term value.
“Joining CAA unlocks new opportunities for our clients and team. We can now deliver even more value, focusing on what moves the needle – strategy, growth and deals – backed by the resources of a national leader,” he said.
Tinwala added: “We’ve always believed in perfecting and automating the boring stuff so we can focus on helping ambitious businesses succeed. This partnership lets us do that on a bigger stage.”