CountPlus firm takes stake in accounting group

In a statement, CountPlus said its Perth-based member firm Bentleys WA had finalised terms to acquire a 50 per cent stake in WA accounting practice Stirling Partners Chartered Accountants.

“Consideration for the acquisition is $1,090,000 with an initial upfront payment and the balance due in 12 months based on the achievement of minimum revenues,” CountPlus said.

Stirling Partners director Erich Pedersen would join Bentleys as a new principal under the agreement.

Commenting on the transaction, CountPlus chief executive Matthew Rowe said the acquisition would expand Bentleys’ capabilities and bolster its reputation with clients.

“We are excited to complete this acquisition and enhance the capability of the team at Bentleys,” Mr Rowe said.

“Stirling has a strong reputation in the Perth community and a history of delivering quality client outcomes, meaning they are an excellent fit for the CountPlus network.”