{"id":64402,"date":"2023-02-07T12:06:40","date_gmt":"2023-02-07T01:06:40","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=64402"},"modified":"2023-02-07T12:06:40","modified_gmt":"2023-02-07T01:06:40","slug":"new-strategic-partnership-announced","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/02\/07\/new-strategic-partnership-announced\/","title":{"rendered":"New Strategic Partnership Announced"},"content":{"rendered":"<p>Professional services company, <a href=\"https:\/\/www.aznga.com\/\" target=\"_blank\" rel=\"noopener\">AZ Next Generation Advisory<\/a> has acquired a strategic stake in mid-tier accounting and advisory firm, <a href=\"https:\/\/www.bentleys.com.au\/offices\/mclean-delmo-bentleys\/\" target=\"_blank\" rel=\"noopener\">McLean Delmo Bentleys<\/a>, as the group expands its Victorian footprint.<\/p>\n<p>A statement from AZ NGA says Melbourne-headquartered, McLean Delmo Bentleys employs approximately 90 staff across accounting, auditing, insurance and wealth management.<\/p>\n<figure id=\"attachment_57475\" aria-describedby=\"caption-attachment-57475\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/09\/Paul-Barrett-3-cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-57475\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2021\/09\/Paul-Barrett-3-cropped.jpg\" alt=\"\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-57475\" class=\"wp-caption-text\">Paul Barrett.<\/figcaption><\/figure>\n<p><strong>Paul Barrett,<\/strong> AZ NGA CEO, described the Victorian firm as a quality organisation with \u201c\u2026an exciting blend of experience and youth\u201d.<\/p>\n<p>He says the business has been around for over 50 years &#8220;&#8230;it has a great reputation and rock-solid foundations but it still maintains a strong appetite for growth and is looking to the future.\u201d<\/p>\n<p>Barrett adds that for AZ NGA, there are only two reasons to enter into a strategic partnership: &#8220;&#8230;capability and capacity. McLean Delmo Bentleys offers both. They are a clear leader in the mid-tier accounting space and this is a significant and important deal for us.\u201d<\/p>\n<p>Chairman of McLean Delmo Bentleys, <strong>John Delmo<\/strong>, says the group\u2019s strategic partnership with AZ NGA presented opportunities to build a national household accounting and advice brand, invest in technology solutions and enhance its client-value proposition and employee-value proposition.<\/p>\n<p>It also presented an opportunity to accelerate growth through mergers and acquisitions noting that in the last seven years, McLean Delmo Bentleys has made five acquisitions including three in 2022.<\/p>\n<p>\u201cOur organic growth is strong but we\u2019re always open to M&amp;A opportunities,\u201d he says.<\/p>\n<blockquote><p>&#8230;the group\u2019s wealth management and financial advice arms have been growing quickly&#8230;<\/p><\/blockquote>\n<p>Accounting represents the majority of McLean Delmo Bentleys\u2019 revenue, however, <strong>Delmo<\/strong> says the group\u2019s wealth management and financial advice arms have been growing quickly.<\/p>\n<p>\u201cWe have ramped up our focus on financial advice and wealth management in the past few years, and we believe they will be significant growth engines going forward.\u201d<\/p>\n<p>The firm is a member of the Bentleys network around Australia and Kreston Global.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professional services company, AZ Next Generation Advisory has acquired a strategic stake in mid-tier accounting and advisory firm, McLean Delmo Bentleys, as the group expands its Victorian footprint. A statement from AZ NGA says Melbourne-headquartered, McLean Delmo Bentleys employs approximately 90 staff across accounting, auditing, insurance and wealth management. Paul Barrett, AZ NGA CEO, described [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":64406,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"class_list":{"0":"post-64402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dealer-groups","8":"category-general"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/64402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=64402"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/64402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/64406"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=64402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=64402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=64402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}