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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.