Sydney-based advisory CAAA has expanded into Victoria via the addition of ALK Accountants and Advisors in Melbourne, with ALK director Elias Khoury to supervise the follow.
At the moment servicing Sydney and its surrounds together with Illawarra and into the Blue Mountains, CAAA mentioned the transfer into Victoria was step one within the agency’s technique and $20 million funding to additional prolong its protection throughout the nation.
“We’re thrilled to be working with Elias and the group as we department out into Melbourne, one other main metropolis marking the beginning of our nationwide enlargement,” CAAA founder and CEO Fleming Stojanovski instructed AccountantsDaily.
Particularly concentrating on retiring or transitioning accountancy companions, the agency’s development technique – dubbed ‘CAAA Subsequent’ – has seen the addition of a number of new companies over the previous few years, together with Guillan Evans & Co, Trumans in Katoomba and Chatswood, and Greg Rodgers and Associates on the South Coast. ALK, nevertheless, marks the agency’s first interstate foray.
Based mostly in Burwood East, ALK was established as an eponymous one-man enterprise by Arthur Kyriacou in 1990 earlier than its more moderen model overhaul and restructuring, with an expanded service portfolio and Khoury approaching board as a director in 2017.
Of its newest evolution, Khoury mentioned; “This consolidation will allow us to supply our purchasers an prolonged vary of companies, leveraging CAAA’s intensive experience in strategic recommendation, audit and assurance, enterprise companies and extra. We’re assured that this partnership will considerably improve the worth we offer to our purchasers and place us for continued development and success.”
Speedy development
In the meantime, CAAA, a member of unbiased world alliance Inpact Worldwide, traces its heritage again to the 70s, rising out of Pellarini Companions in 2006 after Stojanovski joined the suburban follow six years prior. The agency has since established shops in Parramatta and Penrith, and added Asia Pacific-focussed wing CAAA Wong and Mayes in 2018.
Such development sees the agency presently sit simply outdoors of Australia’s high fifty largest of its sort, final yr putting in 57th on the AFR’s annual rankings with revenues pushing towards the $20 million mark – a determine which has roughly doubled over the previous six years. The agency can be now closing in on a headcount of 100 practitioners throughout its full-service choices.
Talking on the combination of ALK, Stojanovski concluded; “This aligns completely with our imaginative and prescient of offering holistic and premium accounting companies to a broader consumer base. We’re excited in regards to the alternatives this collaboration will deliver, in what’s an impressive begin to our $20 million funding in Victoria.”
