SMSF firm acquires regional accounting firm
Accounting and financial planning firm Mogg Osborne has completed the acquisition of an Albury-based accounting group.
CountPlus member firm Mogg Osborne has acquired Freedom Accounting Group for 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 provides existing Freedom Accounting clients access to financial advice services through Mogg Osborne.
Mogg Osborne, which provides accounting and financial advice services including SMSF services, 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.
Mogg Osborne chief executive Sharon Postlethwaite 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,” Ms Postlethwaite said.
“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.”
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
