KPMG has acquired West Perth accounting and advisory practice Hayes Knight (WA), saying this will be the first of a series of acquisitions to bolster its private client practice nationally.
It could make KPMG WA’s second largest accounting practice, according to the BNiQ database.
KPMG said the deal would lift its private team in Perth to 50 people.
That added four partners and 15 staff to Deloitte’s private client practice, which was launched in Perth in 2013.
The KPMG move also follows continued consolidation among mid-tier accounting firms, with Moore Stephens announcing this week it would absorb the Perth office of UHY Haines Norton.
KPMG’s head of private, Rob Bazzani, said the firm was focused on supporting the growth of private, family and entrepreneurial businesses.
“To do this, we’re building scale to support a full service offering in key geographies, including deepening our advisory capabilities,” he said.
Commercial terms were not disclosed.
These include Perth-based mining consultancy Momentum Partners, Karratha accounting practice Classic Slee, cyber security technology business First Point Global, and social media risk consultancy SR7.