Count's (ASX:CUP) equity partner Count Gold Coast agreed to acquire accounting clients from two accounting firms, MJG Partnership and Harrison & Harrison, bringing in AU$2.8 million in additional recurring revenues, according to a Thursday filing with the Australian bourse.
Count Gold Coast is set to generate an annualized revenue of around AU$18 million following completion of the acquisition, expected by July, the filing said.
Count Group holds a 69.2% ownership stake in Count Gold Coast, according to the filing.
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