Carbon Group announce seventh acquisition in less than two years
In an apparent dull and gloomy economy, there’s no stopping the growth of Perth-based Carbon Group as they announce their seventh acquisition in less than two years, contributing to a combined investment of $3.3M. Carbon have acquired Claremont-based R&B Bookkeeping, previously owned and managed by Russell Boulton. Russell was attracted to Carbon after their recent win at the Australian Accounting Awards, taking home the title of National Bookkeeping Firm of the Year. Russell was impressed at the performance of Carbon, seeing their growth over the last couple of years.
“I’d been looking for a succession plan as I no longer had the time to dedicate to growing the business. Carbon offer the same level of service that I do, so I knew my clients would be in good hands. I’m excited to see them take over.”
The acquisition will place R&B Bookkeeping under the Carbon brand. It follows a previous merger with WiseClick Business Services in September last year, which expanded the service offering of Carbon to include training courses in Xero, MYOB and Cert IVs in accounting and bookkeeping. In the past 24 months, Carbon have launched in Melbourne through the acquisition of Borderless Business Intelligence and acquired Perth-based businesses Pursuit Group, PaperChase Bookkeeping, Cloud Bookkeeping Perth, Swan Valley Tax & Accounting and GLC Business Services. Since coming to the market in 2014, Carbon has seen its team swell from 14 staff to now over 70.
Carbon’s co-founder Jamie Davison says these acquisitions are contributing to achieving his and business partner Nathan Hood’s goals of having ten hubs across Australia.
“We’ve now got three hubs in Perth and launched in Melbourne last year. In the near future, we want to have offices in all states and territories. Ultimately, we will expand into countries with similar legal and economic systems such as Canada, New Zealand and the UK.”
“We’re learning along the way, and it’s exciting to see where Carbon is heading. The economy might not be in the most positive stages, but we’re taking it in our stride. There are opportunities for growth everywhere.”