AZ NGA-backed firm acquires Qld advisory practice

Rose Partners, which has a strategic partnership with AZ NGA, has purchased an advisory and accounting business based in Queensland.

The Melbourne-based accounting and advisory firm announced the acquisition of MSI Taylor, an accounting and advisory practice with offices in Brisbane and the Gold Coast.

This will see Rose Partners strengthen its presence in Australia’s east coast as it looks to become a national mid-tier firm. Through its purchase of MSI Taylor, Rose Partners will expand to eight partners and 75 employees.

Rose Partners was established in 1976 and provides a range of business advisory services, spanning taxation, corporate consultancy, management, business and strategic planning, investment, valuation, and due diligence analysis.

Meanwhile, MSI Taylor was founded in 1990 and offers accounting, tax, audit and advisory services to a broad mix of clients, but specialises in supporting pharmacy clients with M&A, structuring, financial management and planning.

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The firm is part of the wider MSI Global Alliance, an international association for over 260 independent legal and accounting member firms.

This deal follows Rose Partners’ strategic partnership with AZ NGA announced in 2023, enabling it access to considerable M&A resources to accelerate its expansion plans.

Ben Simon, partner at Rose Partners, said the acquisition of MSI Taylor was highly complementary as both businesses shared a number of mutual corporate and pharmacy clients.

In turn, this gave Rose Partners a deep understanding of the MSI Taylor business and confidence to partner, he explained.

“MSI Taylor is an exceptional business with high-calibre clients and a similar philosophy and culture to us, which makes them the ideal fit. Together, we can increase our capability and capacity, drive efficiencies, and capture growth opportunities,” the partner said.

Natasha Chambers, partner and chief operating officer at Rose Partners, hinted at further M&A activity for the company as it eyes other cities beyond the east coast.

She explained: “Expanding along the east coast is a natural progression for our business and we’re looking to continue expansion in Melbourne, Sydney, Gold Coast and possibly Adelaide through both M&A and organic activity.”

More broadly, Chambers recognised the growing need for scale in the wealth management landscape among smaller businesses, which Rose Partners intends to help with.

“It’s becoming increasingly difficult for smaller firms to attract, develop and retain talent, and we want to partner with these firms to help them achieve their goals and position themselves for long-term success,” she added.

MSI Taylor managing partner, Matthew Harris, said the acquisition delivered several benefits to the business, such as having a dedicated management team, broader range of client services, and greater professional development opportunities for employees.

“This deal frees me up to focus on the areas I’m good at and where I can add the most value, which is working with clients,” Harris said.

“Both businesses are aligned in terms of our values, and there is an overlap of specialist skills, but Rose Partners is also very strong in some areas where we are lacking and vice versa, so there is a lot of opportunity.”