WHK acquires Bathurst accounting firm in tuck-in transaction
WHK Group has acquired Bathurst-based accounting firm The Right Advice through its member firm WHK (Central West NSW).
The tuck-in transaction was finalised on January 29, 2010 and expands WHK’s presence in Central West NSW, the company said.
The Right Advice is a sole partner business with six staff and annual revenue of about $750,000. The business will be immediately relocated to WHK’s Bathurst office.
The transaction is consistent with WHK’s growth strategy of supporting the expansion of core member firms into major businesses with a competitive advantage through scope and scale of operations as part of a national listed business and financial services group, the company said.
The acquisition was settled for cash and has increased the group’s total acquired revenue in the current financial year to about $2.3 million, the company said.
WHK also announced that the contract of managing director Kevin White had been extended until June 30, 2011.
AUTHOR
Mike Taylor
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