Brisbane-based boutique PT Partners joins top ten player PKF

13 July 2021 Consultancy.com.au 2 min. read
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Boutique south-Brisbane business services outfit PT Partners has been snapped up by the Brisbane member of accounting and advisory network PKF for an undisclosed sum.

The Brisbane branch of PKF has absorbed local business services boutique PT Partners, while stating its appetite for further acquisitions. With the entire PT Partners team set to cross, the deal sees PKF Brisbane’s headcount rise to 85 (of some 100 PKF partners and 750 staffers Australia-wide), including nine partners and four directors.

“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,” said PKF director Peter Thorp, who established the current business in 1998 and has almost 40 years of professional services experience to his name. “We looked at a number of firms, but PKF was the best fit from a client and staff culture perspective.”

Brisbane-based boutique PT Partners joins top ten player PKF

Based in the Logan area of Brisbane’s south (where the office will remain), PT Partners provides its family-owned and owner-managed business clients with a range of services spanning the audit and consulting space, including compliance, tax consulting, restructuring, business advisory, and accounting software among other provisions. The company officially joined PKF on the 1st of July.

“It’s an exciting period for PKF in Brisbane,” said audit leader and managing partner Liam Murphy. “With PT Partners joining, the size of our business services practice increases by 50 percent. 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.”

According to a press release, PKF has recruited Brisbane-based RSM senior manager Andrew Lavens to support the integration and service of PT’s existing client base, with Lavens joining PKF’s business services group as a director in early August after six years at RSM. He altogether brings more than a decade of experience to the firm, having started out at Moore Stephens in 2008.

PT Partners is PKF’s second pick-up in the space of three years, with Kim Partners joining the practice at the beginning of 2019 along with founder and current director Ryan Kim. And Australia’s tenth largest accounting-origin network isn’t finished just yet. “We are still looking for more firms to join PKF,” said Murphy.