Another tuck-in for WHK
One of WHK Group’s Western Victorian members firms has acquired accounting and financial services firm Garfield Mayall in a tuck-in acquisition.
Garfield Mayall is a two-partner business with 11 staff, funds under advice of approximately $20 million and annual revenue of approximately $1.3 million.
WHK said the acquisition of the Werribee-based business expands its presence in the “fast growing Werribee/Point Cook region between the two major Victorian cities of Melbourne and Geelong”. WHK also has firms in the two major cities.
The acquisition was made for an undisclosed cash amount. WHK said total acquired revenue in the current financial year was now about $7 million. The listed group is seeking to expand its core member firms into major, large-scale businesses through acquisitions.
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