Matthew Rowe

With selective growth targets, CountPlus Member firm Mogg Osborne has today announced completion of a tuck-in acquisition with Albury, NSW- based Freedom Accounting Group Pty Ltd (Freedom Accounting).

The acquisition is structured as a cash payment of $0.7 million, with an initial payment on completion and the balance dependent on recurring revenues for the 12-month period post completion. The transaction also gives existing Freedom Accounting clients access to high- quality financial advice services through Mogg Osborne, licensed under Count Financial.

Mogg Osborne has a strong presence in regional towns close to the Victorian and NSW border, with offices in Cobram and Finley. The acquisition of Freedom Accounting expands Mogg Osborne’s footprint in the region and provides greater access to quality financial services for people in one of Australia’s biggest regional centres.

“CountPlus is pleased to see the expansion for Mogg Osborne because we’re true believers in the value that quality accounting and financial planning can provide to Australians, especially family and small businesses in rural communities who have faced unique challenges in recent times,” CountPlus CEO, Matthew Rowe, said.

“This acquisition speaks to the quality tuck-in opportunities that are available to the CountPlus network due to our strong balance sheet and strategic growth focus,” he added.

Sharon Postlethwaite, Chief Executive Officer of Mogg Osborne said the acquisition of Freedom Accounting would be a boost for people in the community.

“Freedom Accounting is a quality practice with similar core values and a consistent approach to client service as Mogg Osborne. Their retiring Principal, Marian Adams will remain with us to assist with the smooth client transition and we expect this acquisition to add significant value and future strong relationships to Freedom Accounting’s clients.”

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