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East coast firm locks in acquisition after new hire

Melbourne-based accounting and advisory firm The Practice has announced the strategic acquisition of a Sydney-based accounting firm, in a bid to boost its services to NSW.

M&A Katarina Taurian 20 December 2017
— 1 minute read

In a statement released today, The Practice confirmed its acquisition of metropolitan firm Pritchard Lees took place in early December.

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The move follows the appointment of former HLB Mann Judd director, Matt Gardiner, who was brought on board to expand The Practice beyond Melbourne. It is part of a broader plan to expand presence in the NSW market.

“This move is primarily about being able to provide an expanded range of services to our growing NSW-based clientele, while also enabling us to attract new clients as we consolidate our position in Sydney,” said co-founder and director Robert Hadded.

Moving into 2018, the firm will now also look to bolster its business advisory services in Sydney.

A small proportion of staff from Pritchard Lees will not be making the transition to the newly formed firm. The majority of staff will join the new Sydney operations.

“Establishing a Sydney footprint has been a long-standing objective, and we are delighted to add the experience and skillset of the Pritchard Lees team to our existing Sydney presence,” said co-founder and director Jason Cunningham.

 

 

East coast firm locks in acquisition after new hire
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