Elders has announced the acquisition of Emms Mooney, a livestock and real estate agency business on 1 March 2023.

Operating as Elders Emms Mooney, the acquisition will add to the Elders’ real estate and livestock network with an additional six locations added to the business throughout Central West NSW – Orange, Bathurst, Oberon, Blayney, Molong and Cowra.

Elders managing director and CEO Mark Allison said the business is expected to add approximately $4.3 million EBIT on an annualised basis. Purchase consideration is subject to earn out performance over the next two years and will be funded via existing debt facilities.

On average in the last three years Emms Mooney transacted about 50,000 head of cattle 190,000 head of sheep and over $250 million in real estate turnover.

Mr Allison said with closely aligned culture and values, all key management of Emms Mooney will continue with Elders to provide the highest level of service to their existing client base and further grow the business in the Central Tablelands.