WHK Group, Australia's fifth largest accounting group, has broadened its kingdom by acquiring two accounting firms and a finance broking business.
"When completed, these transactions will increase total acquired revenue in the current financial year to approximately $20.15 million," WHK Group managing director Kevin White said.
It has acquired a dozen firms this financial year, which is consistent with the group's growth strategy of supporting the expansion of core member firms, White added.
Auckland-based WHK Gosling Chapman will merge with Horwath Porter Wigglesworth to create a prominent New Zealand mid-market accounting firm with annual revenue of $22 million.
WHK Smith Read Prescott, based in Camberwell, Victoria, has acquired finance broker Mortgage First, which has a loan book of $200 million.
Queensland-based WHK Greenwoods Cairns has acquired two affiliated accounting businesses Gibson & Scally.
Also, a parcel of accounting fees of $200,000 has been acquired for cash by WHK Manning & Perry, in Melbourne.
The group's network comprises 19 accountancy companies and one specialist financial planning firm in five Australian states and the North and South islands of New Zealand. It has $7 billion in funds under advice.
