2min chapter

In Practise Interviews cover image

Kelly Partners Group & Accountancy Practice M&A

In Practise Interviews

CHAPTER

Building a Flywheel of Making a Difference

We want to be long-term people in a short-term world. Those businesses will all promote us trying to make a quick profit. And so we're in the business to make other people better off genuinely. Not the only reason you do what you do is the financial trade. So those three firms, Stockford, Tarts, WHK and Count Plus here in Australia were all conceived in bad ideas. Their very conception was let's buy accounting firms to sell financial products to them. That's never going to end well. We continue to pursue this programmatic acquisition activity with a 51 49 structure where we double the profits and reduce the working capital by two thirds of the businesses that we

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