SHINE ACQUIRES FAMILY LAW FIRM

SHINE ACQUIRES FAMILY LAW FIRM

SHINE Corporate Limited (ASX: SHJ) has bolstered its practice offering, after acquiring Best Wilson Buckley Family Law for $5.4 million.

Largely debt funded, the deal is expected to be earnings accretive in FY16.

Shine managing director Simon Morrison (pictured) says the strategic expansion will capitalise on emerging practice areas, combined with the firm's personal injury business.

"We're excited to be welcoming Best Wilson Buckley Family Law into the Shine Group," Morrison says.

"While Shine has existing family law practices the company has, for some time, been considering a more substantive entry into the family law market in line with our emerging practice area strategy.

"Additionally the synergies generated by being able to offer our clients greater support in the area of family law complements our existing personal injury business, which remains the back bone of our firm.

"We're also confident of the additional capabilities brought into the team through the acquisition, coupled with the alignment of cultures, will fortify Shine's future earnings growth."

The maximum total consideration of the acquisition is $6.2 million, with a small scrip component of $750,000.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

A game changer? Aspiring to the new standard on workplace mental health
Partner Content
Work health and safety regulators have been more active in the area of mental health ri...
Aon
Advertisement

Related Stories

Go1 founders win Brisbane Young Entrepreneur of the Year Award after decade-long wait

Go1 founders win Brisbane Young Entrepreneur of the Year Award after decade-long wait

After their business became a unicorn amidst the ongoing expansion ...

Cardno shareholders to get a cut from $667m sale of international divisions

Cardno shareholders to get a cut from $667m sale of international divisions

Engineering and consulting group Cardno (ASX: CDD) has sold its US ...

Aurizon bulks up with $2.3 billion acquisition of One Rail Australia

Aurizon bulks up with $2.3 billion acquisition of One Rail Australia

Australia’s largest rail freight operator Aurizon (ASX: AZJ) ...

Brisbane Young Entrepreneur Awards set for record crowd tonight

Brisbane Young Entrepreneur Awards set for record crowd tonight

As a sign that business is flourishing in Australia's next Olym...