AF Legal Group Expands with Strategic Acquisition
Company Announcements

AF Legal Group Expands with Strategic Acquisition

AF Legal Group Limited (AU:AFL) has released an update.

AF Legal Group Ltd has announced the conditional purchase of Armstrong Legal’s criminal and family law practices, plus the armstronglegal.com.au website, for an initial sum of $2.25 million plus GST. The acquisition, expected to complete by October 28, 2024, is set to enhance AFL’s legal service offerings and is projected to generate annual revenue of $3.3 million with a net profit before tax of approximately $700,000. The deal, part of AFL’s growth strategy, will be financed through a bank debt from their $9 million NAB facility and marks the company’s expansion into criminal law.

For further insights into AU:AFL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskAF Legal Group Announces 2024 Annual Meeting Details
TipRanks Australian Auto-Generated NewsdeskAF Legal Group Acquires Armstrong Legal Practices
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App