Slater & Gordon Acquisition Of Keddies Finalised

Australia’s New Lawyer website has reported that listed law firm Slater & Gordon has completed its $35 million acquisition of personal injuries litigant firm Keddies Lawyers.


The report reveals the following….

http://www.thenewlawyer.com.au/article/Slaters-confirms-merger-closes-offices/526952.aspx

Announced in October last year, the acquisition had been subjected to due diligence and was this week confirmed and completed.

Keddies forecast full year revenue of about $25 million, and Slater & Gordon said it would be a major boost to the firm?s goal to increase its share of the New South Wales personal injuries litigation market.

“We’ve said from when we listed that leading the consolidation of the Australian personal injuries market was a prime aim for us, with Queensland and New South Wales the main targets,? Slater & Gordon managing director Andrew Grech said.

“Our recent acquisition of Trilby Misso has gone a long way towards our market share goals in Queensland and now the Keddies acquisition will give us a huge lift in New South Wales, in particular in greater western Sydney.”

Keddies has offices in Redfern, Ashfield and Liverpool in Sydney, as well as in Wollongong and Brisbane.

The acquisition was to be completed through $3.7 million in shares, the take-up of Keddies’ $11 million in debt, plus cash.

The Keddies business will be fully integrated into Slater & Gordon. The Brisbane and Wollongong offices will relocate to the existing Slater & Gordon offices in those locations.

The Keddies Redfern, Ashfield, and Liverpool offices will be rebranded and together with Slater & Gordon’s existing Parramatta office, become hubs for Slater & Gordon’s personal injuries practice in western Sydney.