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Carbon quadruples Queensland presence with latest deal

The Western Australia-based accounting and bookkeeping network has significantly expanded its Queensland presence following a merger with a CPA practice.

M&A Jotham Lian 20 October 2020
— 1 minute read

Carbon Group has announced a merger with Charter Partners, with its three office locations in Brisbane, Gympie and Bundaberg to be rebranded to Carbon.

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Charter Partners, which has been operating in Queensland since 1932, will see all 33 members of its team joining Carbon.

The deal comes after Carbon first moved into the Queensland market late last year with a merger with Thrive Advisors in Darra, Brisbane.

Charter Partners managing principal Anthony McPhee said the merger was the perfect match between an established firm and a modern practice.

“Longevity is in the Charter Partners’ DNA, and the legacy of all the previous partners has built a fantastic reputation across all our offices, in Gympie, Bundaberg and Brisbane,” Mr McPhee said.

“Joining Carbon was the next logical step to take a long-established, successful accounting firm into the world of modern accounting practices to make best use of technologies to continue exceeding our clients’ expectations.”

Carbon co-founder Jamie Davison said the deal would see Queensland become Carbon’s largest state with four offices, closely followed by Western Australia’s three offices.

“We’re very pleased to welcome Anthony and the Charter Partners team to Carbon,” Mr Davison said.

“It’s always exciting to partner with people who share the same values, and whose passion lies in helping their clients achieve success in their business journey.”

The latest merger comes after Carbon secured a merger with a Victorian firm, Ross Group, in June and completed a deal with Western Australia-based boutique firm Parish Business Services in April.

Carbon quadruples Queensland presence with latest deal
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Jotham Lian

Jotham Lian

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.

You can email Jotham at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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