CountPlus Member firm Cooper Reeves merges with 4Front Accountants

Sun, 09 May 2021 21:25:42 +0000

Matthew Rowe

CountPlus Limited (CountPlus) has announced that Brisbane-based Member firm Cooper Reeves Pty Ltd (Cooper Reeves) has finalised terms to merge with 4Front Holdings Pty Ltd (4Front), which is also from Brisbane. The firm will be re-branded as “4Front” and the transaction is expected to complete on 1 July 2021.

The 4Front merger will strengthen both firms and provide the necessary scale and opportunities to leverage expertise, particularly in financial planning. Revenue will double to circa $9 million, and the number of team members will increase from 26 to 53. Drue Schofield from 4Front will be appointed Managing Director of the merged firm and Christine Robinson (current Managing Principal at Cooper Reeves) will be appointed as Chief Operating Officer.

CountPlus currently owns 100% of Cooper Reeves and the company will retain at least a 51% shareholding in the merged entity, with six key members of the 4Front team to hold the remaining equity in 4Front.

Matthew Rowe, Chief Executive Officer and Managing Director of CountPlus, said the merger was an example of the opportunities that come from the ‘Owner, Driver – Partner’ model which leads to positive client outcomes.

“The merger of Cooper Reeves and 4Front is another example of how our model works on identifying and investing in quality people and businesses. The existing clients of both 4Front and Cooper Reeves now have access to a larger team with substantial experience in accounting and financial advice services.”

Christine Robinson, Managing Principal, at Cooper Reeves, said the merger would bolster the services available to clients in their community.

“4Front is a quality practice with shared core values that place the client’s best interests as its fundamental business purpose. We are excited to bring the businesses together and offer valuable financial advice services to their existing accounting clients.”

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CountPlus Member firm Cooper Reeves completes tuck-in acquisition

Thu, 01 Oct 2020 21:55:04 +0000

Christine Robinson

CountPlus has continued its focus on strategic growth, with Brisbane-based Member firm Cooper Reeves Pty Ltd (Cooper Reeves) announcing it has completed a tuck-in acquisition to acquire the financial planning services of CBD Wealth Solutions Pty Ltd (CBD Wealth).

Both Cooper Reeves and CBD Wealth are Member firms of the CountPlus-owned Count Financial.

As part of the transaction, key members of the CBD Wealth team will transfer to Cooper Reeves. The personnel transfer is part of an agreed succession plan to ensure service continuity and a seamless transition for CBD Wealth clients.

Consideration for the acquisition is $0.6 million, with an initial payment on completion and the balance dependent on recurring revenues 12-months post completion.

“There is a natural alignment between Cooper Reeves and CBD Wealth. Not only close geographically, each business has a strong reputation in their respective community. The firm’s share similar values based on delivering exceptional client-focused advice,” CountPlus CEO, Matthew Rowe, said.

Christine Robinson, Managing Director of Cooper Reeves, welcomed the acquisition as a positive outcome for CBD Wealth’s clients.

“The Cooper Reeves business is focused on creating exceptional client outcomes and we are excited to introduce the CBD Wealth clients to our firm and its strong client-first culture. We believe the purpose, resources and experience at Cooper Reeves will deliver very positive and enduring client outcomes.”

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CountPlus Member firm Cooper Reeves merges with 4Front Accountants

CountPlus Member firm Cooper Reeves completes tuck-in acquisition

CountPlus has continued its focus on strategic growth, with Brisbane-based Member firm Cooper Reeves Pty Ltd (Cooper Reeves) announcing it has completed a tuck-in acquisition to acquire the financial planning services of CBD Wealth Solutions Pty Ltd (CBD Wealth).