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Melbourne-based accounting and advisory firm The Practice has announced the strategic acquisition of a Sydney-based accounting firm, in a bid to boost its services to NSW.
East coast firm locks in acquisition after new hire
20 December 2017
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6 minute read
In a statement released today, The Practice confirmed its acquisition of metropolitan firm Pritchard Lees took place in early December.
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The move follows the appointment of former HLB Mann Judd director, Matt Gardiner, who was brought on board to expand The Practice beyond Melbourne. It is part of a broader plan to expand presence in the NSW market.
“This move is primarily about being able to provide an expanded range of services to our growing NSW-based clientele, while also enabling us to attract new clients as we consolidate our position in Sydney,” said co-founder and director Robert Hadded.
Moving into 2018, the firm will now also look to bolster its business advisory services in Sydney.
A small proportion of staff from Pritchard Lees will not be making the transition to the newly formed firm. The majority of staff will join the new Sydney operations.
“Establishing a Sydney footprint has been a long-standing objective, and we are delighted to add the experience and skillset of the Pritchard Lees team to our existing Sydney presence,” said co-founder and director Jason Cunningham.
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