Accounting and consulting agency Rely has added three new companies to its rising Australian community, increasing its protection in South Australia, Queensland, and Northern New South Wales.
The Gold Coast department of Rely has picked up boutique accounting and finance corporations MJG Partnership and Harrison & Harrison on both aspect of the Tweed-Coolangatta border, whereas Johnston Grocke has been added in Adelaide.
After a short quiet interval, in relative phrases, the newest trio of acquisitions observe a flurry of M&A exercise executed final 12 months by its fairness partnership mannequin, which has helped push the agency’s revenues past the $100 million mark.
“Our technique is to accomplice with skilled corporations that can develop in dimension and scale, leveraging the energy of our nationwide group with out shedding the private, trusted relationships that their purchasers depend on,” mentioned group CEO Hugh Humphrey. “We work alongside gifted principals to develop the enterprise, increasing its capabilities and attain whereas staying true to its group roots.”
MJG Partnership
Based mostly within the Gold Coast suburb of Bundall subsequent door to Surfers, MJG specialises in tax planning and enterprise improvement amongst a wider suite of accounting companies. Based in 2007, the agency is led by four-decade business veteran Michael Gibbons, who beforehand labored at Ernst & Younger earlier than organising and promoting his earlier enterprise to failed consolidator Harts.
Harrison & Harrison
Harrison & Harrison was established in Tweed Heads in 2021 by James and Eddie Harrison, respectively administrators of tax & advisory and finance & mortgage broking, after the pair parted methods with their earlier enterprise CHG Built-in Wealth. The staff of round one and a half dozen present a variety of companies overlaying private and enterprise tax advisory and lending.
Johnston Grocke
In the meantime, Johnston Grocke, co-founded by present director John Grocke in 1990 and presently primarily based in Fullarton simply outdoors of the CBD, offers a variety of companies to purchasers in Adelaide grouped across the three core traces of enterprise advisory & accounting, monetary planning, and wealth creation, with property amongst its key specialisations.
Rising community
Whereas crossing the $100 million income mark final 12 months was a big milestone following the agency’s main Diverger acquisition and rebranding from CountPlus, that determine will probably appear a good distance again on the upcoming finish of the present interval, with Rely bringing in nearly $80 million in collective revenues within the entrance half of the 2025 monetary 12 months alone.
“Robust consumer demand for accounting and monetary planning, coupled with the profitable Diverger integration, has strengthened Rely’s place as a number one diversified monetary companies enterprise,” Humphrey mentioned within the mid-year report. “The group is effectively positioned to fulfill rising demand by our three segments: wealth, fairness partnerships, and companies.”
With 2024 revenues simply shy of $110 million, Rely is presently the 18th largest organisation of its sort in Australia, with the likes of Corridor Chadwick ($119 million) in shut sight and internationally-networked names such Nexia and HLB Mann Judd ($133 million) not all that far afield. Kelly+Companions, nevertheless, pursuing the same fairness mannequin, can be in scorching pursuit.
