SHINE ACQUIRES FAMILY LAW FIRM

Written on the 22 October 2015

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.


Latest News

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

IOT GROUP ORDERS FIRST PRODUCTION OF ROVA DRONE

IOT Group (ASX:IOT) has ordered production of 40,000 units of the ROVA flying selfie drone from Chinese technologies ...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter