WHK Group has completed the acquisition of accounting firm KPMG Albury and its affiliate, Excel Financial Planning.
The decision to purchase the two businesses was made in December 2007 as part of a strategy to expand the firm's regional businesses in Albury.
The purchase was made for an undisclosed sum, with the deal securing $9 million in annual revenue for the group.
WHK Group has issued 1.2 million shares for the Albury practice.
The firm has been on a buying spree in the past few months.
In January, it bought the Mortgage Choice franchise and risk specialist Diamond Life Financial Services.
The firm is the fifth largest accounting group in Australia.
In February it announced a net profit after tax of $15.82 million, an increase of 28 per cent on the previous half-year result.
WHK shares closed 6 cents lower at $1.53 at the close of trading on the Australian Securities Exchange yesterday.
