Count (ASX:CUP) announced a definitive agreement to acquire 100% of the Oracle Advisory Group.
The deal encompasses Oracle's financial advice, accounting, and investment management arms, integrating a robust network of 14 offices across New South Wales, Victoria, and Queensland.
The expansion is designed to scale Count's employed adviser network and deepen its penetration into the Australian advice market.
Oracle Group generated $26.4 million in revenue and $8.6 million in EBITA during FY25, with earnings forecast to climb to $10 million in FY26.
From a strategic standpoint, the move increases the contribution of Count's Wealth segment to approximately 59% of pro forma EBITA.
Investors may find the valuation particularly attractive at 7.2x FY26F EBITA, with the transaction expected to deliver low double-digit EPS accretion on a pre-synergy basis for FY26.
To fund the purchase, Count is undertaking a comprehensive equity raising initiative.
This includes a fully underwritten institutional placement to raise roughly $35.9 million, complemented by a non-underwritten share purchase plan.
Beyond the immediate earnings boost, Count has identified approximately $1 million in annual pre-tax cost synergies to be realised within two years of completion.