Australian accounting and advisory company Rose Partners has announced the acquisition of MSI Taylor, a Queensland-based advisory and accounting business.

MSI Taylor, established in 1990, offers accounting, tax, audit and advisory services, specialising in supporting pharmacy clients with mergers and acquisitions (M&A), structuring, financial management and planning.

The company is a part of the MSI Global Alliance, a network of more than 260 independent legal and accounting practices worldwide.

MSI Taylor managing partner Matthew Harris said that the acquisition brings multiple advantages to the company, including the establishment of a dedicated management team, an expanded range of client services and improved professional development opportunities for staff.

The acquisition is part of Rose Partners’ plan to bolster its presence on Australia’s east coast and its ambition to become a national mid-tier operator.

Following the deal’s closure, the Melbourne-based accounting and advisory company will have eight partners and 75 employees.

The deal will also enhance Rose Partners’ business advisory services portfolio, which includes taxation, corporate consultancy, management and strategic planning.

Founded in 1976, Rose Partners provides investment, valuation and due diligence analysis.

The deal follows Rose Partners’ strategic partnership with AZ NGA in 2023, which provided it with significant M&A resources to further its expansion plans.

Rose Partners partner and COO Natasha Chambers hinted at future M&A, indicating the company’s interest in extending its reach beyond the east coast.

She also acknowledged the increasing need for scale in the wealth management sector among smaller businesses, a need that Rose Partners aims to address.

“Expanding along the east coast is a natural progression for our business and we are looking to continue expansion in Melbourne, Sydney, Gold Coast and possibly Adelaide through both M&A and organic activity,” Chambers added.