The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Acclime, a provider of corporate, governance, and advisory services across Asia, Australia, and other markets, has acquired Sydney-based accounting and business advisory firm, Bedford.

Acclime said this “major acquisition” – the purchase price wasn’t disclosed – will make it one of the largest professional service firms in Australia.

“This acquisition marks a significant milestone in our journey to strengthen our professional services capability in Australia,” Izzy Silva, Acclime’s CEO, said.

The Bedford business will report to Australasia regional MD, Randolph van der Burgh, and senior members of Bedford will join the Australasian management committee. The addition of Beford brings total employee numbers in Acclime to more than 1,600.

Acclime, which operates in 16 countries, delivers professional services and business advisory services. Bedford serves businesses, high net worth individuals, and retirees across Australia and abroad.