Count grows Gold Coast presence

Count Limited has further expanded its presence on the Gold Coast, announcing that it has purchased the accounting fees of Jonathan Grant Accountants.

Count announced to the Australian Securities Exchange (ASX) that its equity firm, Count GC Limited, had acquired the fees of the Burleigh Heads-based firm  which has a 20-year history and recurring revenues of around $1.3 million.

The announcement said consideration for the transaction was $1.4 million to be paid in a combination of cash and shares ad that post the acquisition Count Limited would hold 66.51% of the expanded Gold Coast business.

Confirming the transaction, Count chief executive, Hugh Humphrey said the acquisition would deliver mutual benefits for the Gold Coast team.

“The addition of the JGA team to our existing Coolangatta team, position Count Gold Coast as the leading professional services firm in the southern Queensland/northern NSW market,” he said.