CountPlus firm completes tuck-in acquisition

O’Brien has completed a tuck-in acquisition to gain the accounting services of Hillard O’Donnell and Associates, for a consideration of $570,000.

As part of the transaction, Hillard O’Donnell principal Damian O’Donnell will gain an equity interest in O’Brien under the CountPlus owner-driver, partner model.

CountPlus’ shareholding in O’Brien has remained unchanged from the transaction.

Matthew Rowe, chief executive and managing director at CountPlus, said the deal was a positive result for the respective teams at O’Brien and Hillard O’Donnell.

“There is a natural alignment and cultural fit between O’Brien and Hillard O’Donnell,” Mr Rowe said.

“Both businesses have robust capabilities within their team and strong reputations in their respective communities.”