Centrepoint Alliance Acquires Cairns Wealth and Pinnacle Wealth
Key points
- Expanded Queensland distribution footprint
- Strengthened strategic partnership with Astute
- Expected earnings accretion in FY27
Full summary
Centrepoint Alliance Limited (ASX: CAF) has announced the acquisition of Cairns Wealth and Pinnacle Wealth client books and servicing employed advisers. The acquisition aims to expand Centrepoint's presence in Queensland and strengthen its strategic alignment with Astute Financial Management. The transaction, valued at approximately $3.0 million, is expected to contribute $0.60 to $0.65 million in EBIT and is anticipated to be earnings accretive in FY27. The acquisition is funded by a new $10 million acquisition facility from National Australia Bank.
Guidance
Expected EBIT contribution: $0.60 - $0.65 million; Expected to be earnings accretive in FY27
Outlook
Centrepoint Alliance remains focused on executing its growth strategy through acquisitions, adviser recruitment, and expansion of its platform and investments businesses.
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