Accounting and advisory firm Stannards aims to touch a revenue of A$100m ($52.4m) over next two years and has been expanding its operations and staff since the involvement of private equity firm Pemba Capital Partners 12 months ago, reported the Australian Financial Review (AFR).
Stannards’ strategy, as outlined by its managing director Peter Angelini, is to position the company as a mid-tier entity in the industry.
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Recent executive appointments include Leah Roberts, who joined as chief people officer in March 2025, from Access Health and Community, with a focus on developing frameworks for employee performance and value.
That same month, Romith Manju was recruited to lead the firm’s mergers and acquisitions. Manju previously was a cooperate advisory operative at Blue Ocean Equities.
In June 2025, a former PwC director Brett Luckman has joined as chief technology officer to drive Stannards’ AI initiatives.
Additionally, Olga Kotliar from AXE Group was appointed as chief financial and operations officer.
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By GlobalDataThe firm also welcomed Laurens Visscher, previously with KPMG, to head its new grants and incentives practice.
Stannards has been selectively acquiring smaller firms with the focus on “one or two-man band operations” according to the news publication.
This includes the addition of MC Tax Advisors and SME Valuations, as well as a Melbourne-based audit practice whose name will be disclosed after the deal’s completion in January next year.
Stannards is reported to have seen considerable growth in its team size and leadership, now boasting 13 directors and partners and a staff count exceeding 100.
With a forecast revenue of A$30m ($19.8m) for the current year, Stannards is pursuing further expansion, with offers extended to five practices within Australia, reported AFR.
To AFR, Angelini said: “Our strategy is two-fold. Firstly, we want to attract the best commercially minded talent available, and offer them a market salary with equity upside, and two, to find quality, culturally aligned practices around the country.”
“Our plan is to get to A$80 million to A$100 million revenue over the next two years.”
