Partnership with FRSCPA, a CPA firm 0062ased in Florida

Kelly+Partners Group Holdings Limited (ASX: KPG) has announced a partnership with FRSCPA, a CPA firm based in Florida, marking a strategic expansion in the U.S. market. Under the agreement, Kelly+Partners will acquire a 50.1% stake for AU$5.1 million. This partnership is projected to generate AU$ 7.0 million to AU$ 8.2 million, contributing approximately 10% to KPG's run rate revenue and is expected to enhance earnings. The existing equity partners of FRSCPA have committed to long-term collaboration, with partnerships ranging from 5 to 10 years. FRSCPA has a strong track record, servicing about 5% of McDonald's restaurants in the U.S. and reinforcing Kelly+Partners' position, as they serve around 10% of McDonald's franchises in Australia, showcasing the firm's growth potential in the accounting sector.

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