LarsonAllen Acquires LeMaster Daniels

Minneapolis-based LarsonAllen (FY09 net revenue of $217.9 million) acquired Spokane, Wash.-based LeMaster Daniels (FY10 net revenue of $40.3 million) effective August 4.

The two firms have done business in the past, and that association launched the discussions that led to the acquisition, says Janey Kiryluik, a spokeswoman for LarsonAllen.

LeMaster was an attractive acquisition since LarsonAllen has no offices in the Pacific Northwest, Kiryluik says. Both firms have a range of similar practice areas, including financial services, healthcare, construction and professional services. Kiryluik says the acquisition of LeMaster Daniels is the largest acquisition the Minneapolis firm has undertaken.