CountPlus firm completes acquisition

The transaction will see key members of the CBD Wealth team transfer to Cooper Reeves, as part of an agreed succession plan to ensure service continuity for the firm’s clients.

Consideration for the acquisition is $600,000, with an initial payment on completion and the balance dependent on recurring revenues 12 months afterwards.

CountPlus chief Matthew Rowe said there is a “natural alignment” between the two firms, which are both located in south Brisbane.

Christine Robinson, managing director of Cooper Reeves, welcomed the acquisition as a positive outcome for CBD Wealth clients.