By Larn MulliganChief Executive Officer - Brisbane
1 July 2021
Brisbane-based accountancy practice PT Partners will join the practice of PKF Brisbane on 1 July.
The four-Partner, Springwood-based practice has been operating in the Brisbane market for over thirty years and has established itself as a leading southside firm for family owned and owner-managed business clients.
Founder of PT Partners, Peter Thorp says “We have built a loyal client following over the years, so we were keen to join a firm that would fit well with the style of clients we have. We looked at a number of firms, but PKF was the best fit from a client and staff culture perspective.” All of PT’s staff have been offered positions with PKF and the office will remain in Springwood.
This is the second merger for PKF Brisbane in recent years, after Kim Partners joined the practice in 2019. Ryan Kim now leads the PKF Brisbane Asia desk and has doubled the size of the firm’s Asian client base in that period.
Following the merger, the combined practice will have a total of 85 people including nine Partners and four Directors. Andrew Lavens of RSM will also be joining PKF as a Director in the business services group in early August to support the firm in integration and service of its existing client base.
“It’s an exciting period for PKF Brisbane,” said Managing Partner and lead audit Partner Liam Murphy. “With PT Partners joining, the size of our business services practice increases by 50%. Their clients are comparable in size to ours and they have requirements we are well placed to address. The clients with national and international growth plans and audit needs will benefit in particular.”
The merger of PT Partners into PKF comes at a time of increased consolidation in the accountancy space. “We are still looking for more firms to join PKF,” says Murphy. “Business services practices like PT Partners are our main focus.”
PKF is currently ranked as the 10th largest accounting firm in Australia according to the AFR.