Blue & Co., Expands Kentucky Presence With Acquisition

Carmel, Ind.-based Blue & Co. (FY08 net revenue of $37.3 million) acquired Lexington, Ky.-based Potter & Co.

The combined company will operate under the Blue name and the merger will add a second Louisville office to the firm as well as a Lexington office, strengthening the organization’s presence in the Kentucky market. As a result of the transaction, more than 55 employees and partners—including 30 CPAs—have joined Blue, increasing the company’s employee count to more than 270 throughout its Indiana, Ohio and Kentucky service area.

“We are excited to welcome this exceptional group of professionals to Blue,” says C. Michael Stigler, PIC, Kentucky market. “Potter & Company brings a reputation of quality service and commitment to its client base. This merger will enhance the expertise and services available to our clients and will expand our niche industries in construction, not-for-profit, and manufacturing and distribution, business valuation and litigation support, as well as add a sizeable governmental practice.”