William Buck has now announced the acquisition of Accounting One in its Gold Coast office, a week after its Adelaide office merged with chartered accounting firm Tregloans.
Former partner of Accounting One Kaye Worthington and four staff members will move into the William Buck Gold Coast office, where they will join the business advisory service line.
William Buck managing director Junaide Latif said the acquisition would strengthen its ability to service its medical client base.
“Kaye’s expertise complements our industry specialists in the medical, property and SME segments, and will boost our business advisory service offerings, allowing the firm to grow with logical fit to our strong medical client base,” Mr Latif said.
“This merger cements our distinguished position in the Gold Coast as the only full-service offering in the region, where we continually offer new capabilities to our clients.
“This is in line with our vision to expand our footprint as leading advisers to the middle market in both Queensland and Australia.”
The mid-tier’s merger with Adelaide-based chartered accounting firm Tregloans will see Tregloans’ two partners, Michael Fairlie and Luciana Larkin, as well as their team to relocate to the William Buck offices in the Adelaide CBD, creating a combined 170-strong team.
Based in Wayville, Tregloans has grown to become a well-respected accountancy firm, servicing its clients for more than 50 years.
William Buck managing director Jamie McKeough said formal discussions commenced mid last year, with both parties seeing significant benefits for clients and staff in a merger.
“This is a merger between two firms with a very similar client-first culture,” he said.
“This is really all about people. Two teams coming together that share similar values particularly in relation to integrity and trust, which are so important in today’s environment.
“The merger bolsters our core strength in business advisory and accounting services to SMEs and the mid-market in South Australia. Ultimately, clients of both firms will have greater access to a larger team of specialist advisers dedicated to helping them achieve their life and wealth goals.”
The two acquisitions come as William Buck announced a 15 per cent growth across the group for the year ending 30 June 2019.
Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.