Wexford accounting firm joins Kelly+Partners in Irish tuck-in deal
Kelly Partners Group Holdings Limited (ASX:KPG) announced on 20 October 2026 that it has executed legal agreements with an accounting firm operating in Wexford, Ireland, in an accounting firm acquisition for the Kelly+Partners Group.
The existing Kelly Partners Wexford business will acquire 100% of the business, with completion scheduled for 20 November 2026.
The company states the transaction is not material to KPG. It says the deal does confirm the attractiveness of Kelly+Partners’ ability to assist in succession, and of its Partner-Owner-Driver® model, to owners of accounting businesses.
Deal snapshot
The announcement sets out the key terms in the table below. No purchase price or consideration was disclosed.
| Metric | Detail |
|---|---|
| Location | Wexford, Ireland |
| Annual revenue to Group | $0.9m (€0.56m) |
| Annual NPATA to Parent | $0.1m (based on 35% EBITDA margin post improvements) |
| Purchased interest | 100.0% |
| Completion date | 20 November 2026 |
The deal is a tuck-in, with the existing Kelly Partners Wexford business acquiring the firm.
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Succession and the Partner-Owner-Driver® model
Succession refers to the process by which the owners of an accounting firm hand the business on when they step back. In a tuck-in, a smaller firm joins an existing business rather than operating as a separate new office.
Kelly+Partners describes the Partner-Owner-Driver® model as its unique operating model. The company says it works alongside KPG’s Hold Co ownership structure, which it describes as providing a strong platform for long-term sustainable growth.
For investors, a tuck-in of this kind adds to an existing location within that structure rather than opening a new one. Here, the Wexford business is the acquirer.
Brett Kelly, Founder and CEO
“We are humbled to be chosen to assist in the succession of this Wexford located accounting firm. The partnership strengthens our Kelly Partners Wexford business and confirms the attractiveness of the Kelly+Partners offer and our Partner-Owner-Driver® model.”
Partnerships since July 2026 and the KPG network
The announcement summarises partnerships joining Kelly+Partners since July 2026:
- One partnership: Wexford, Ireland, tuck-in, $0.9m revenue to Group (AUD), completing 20 November 2026
- Total of $0.9m, equal to 0.6% of FY26 revenue ($159.2m)
Measured against FY26 revenue of $159.2m, which grew 18.2% on the prior year and came with 104.9% cash conversion, the Wexford contribution is small but sits within a group that completed six acquisitions during the year.
The “About” section of the announcement describes the wider network:
- 43 operating businesses across 43 locations globally
- More than 700 people, including 100 partners
- Over 25,000 SME clients
- 80+ individual transactions over the past 20 years, including the transformation of 50+ external firms and the launch of 30+ greenfield businesses
- Holding company listed on ASX on 21 June 2017
Completion of the Wexford transaction is due on 20 November 2026.
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