M&A Updates December

Chestnut Hill, Mass.-based Abrams Little-Gill Loberfeld and the Framingham, Mass. firm of Langbort & Buettner combined practices on Dec. 1. L&B partners, Melvin Langbort and Michael Buettner along with their staff joined Abrams. “Combining our firms’ talents and expertise strengthens our ability to continue providing the best in tax, accounting and advisory services and to better serve our clients as they too take on new opportunities to grow,” says Abrams’ MP Ron Loberfeld, “we look forward to working together as partners to create a new and exciting chapter for both our firms and clients.”

Bartlesville, Okla.-based Archambo & Mueggenborg will merge with Great Falls, Mont.-based Joseph Eve (FY10 net revenue of $11.4 million) as of January 1.  Joseph Eve specializes in working with Native American casinos and related businesses. Partner Debbie Mueggenborg, will manage Bartlesville operations and continue the auditing and accounting business the firm has built. Mark Archambo, the former firm’s MP will continue his accounting and financial planning duties. There will be no changes to the related firm of Archambo Financial.

Chicago-based BDO USA (FY11 net revenue of $572 million) expanded its footprint in Texas with the acquisition of Carneiro, Chumney & Co., San Antonio. The firm has been a member of the BDO Seidman Alliance since 1999. Six partners and 60 staff joined BDO USA in November. “The addition of the partners and other professionals formerly with Carneiro, Chumney & Co provides BDO with a fantastic presence in the important San Antonio market.  Combined with our existing practices in Austin, Dallas and Houston, BDO is well established in the major Texas markets and poised for growth,” said Jack Weisbaum, CEO of BDO USA.  “Through our previous Alliance relationship, we have a history of collaboration on client work and busines development with our new partners and staff.  Carneiro, Chumney’s extensive experience in the manufacturing, energy, real estate, nonprofit and retail & consumer industries will add to our existing strengths in these sectors.”

Enterprise, Ala.-based Carr, Riggs & Ingram (FY10 net revenue of $85.9 million) acquired Hoyman Dobson of Melborne, Fla. “Hoyman Dobson’s professionals are a technical and cultural fit with CRI, and this merger is mutually beneficial,” says William Carr, chairman and MP of CRI. CRI has offices in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, Tennessee and Texas.

Cleveland-based CBIZ (FY10 revenues of $590.6 million) acquired Gresham Smith of St. Louis on Nov. 4. GS partners David Gresham and Michelle Smith and 12 staff joined the CBIZ office in St. Louis.

Kettering, Ohio-based Flagel, Huber, Flagel & Co. will acquire Dohner, Louis & Stephens Inc. Jan. 1 and operate under the Flagel name. The combined firm will have 60 employees, including 13 partners, says Randy Kuvin, Flagel’s MP.

Atlanta-based Frazier & Deeter (FY10 net revenue of $34.9 million) acquired Faucett, Taylor & Associates in November. The addition of Faucett Taylor will both expand Frazier & Deeter’s Atlanta footprint and will significantly strengthen the firm’s real estate, construction and hospitality practice segments.

New York-based Friedman LLP (FY10 revenues of $64.2 million) acquired Saccomanno Valuation Group. Michael Saccomanno joined Friedman as a partner in the firm’s forensic accounting, litigation support and valuation group, in the Marlton, N.J., office.

Tempe, Ariz.-based Henry & Horne (FY11 net revenue of $16.1 million) acquired Phoenix-based Mazza, Spero, Hougham & Schultz on Nov. 1. Henry & Horne is one of the largest 200 firms in the nation. MSHS’s Richard Schultz will be joining H&H as a partner, bringing the total partner count 16. Dennis Mazza, Larry Spero and Robert Hougham will join the firm in the Scottsdale, Ariz., location as partner emeritus.

Calgary, Mississauga-based EvansMartin LLP will merge with Calgary, Alberta-based MNP on January 1. Focused on the mid-market, both firms were looking for an opportunity to add resources to better serve their clients throughout Mississauga and surrounding areas. Although MNP has an Insolvency practice in Mississauga, this merger marks MNP’s first full-service office in Mississauga. This latest acquisition brings approximately 35 more team members to MNP. MNP will acquire Williams McGuire AML Inc., Canada’s largest dedicated anti-money laundering (AML) firm effective Jan. 1. The firm will join MNP’s Investigative & Forensic Services practice. MP Matthew McGuire will become the national leader of MNP’s AML Services line.

Moss, Krusick & Assoc., (FY10 net revenue of $2.3 million) of Winter Park, Fla., acquired Dexter & Assoc. of  Orlando, Fla. James Dexter will become partner at MK. “The merger furthers MK’s reputation as one of the up-and-coming, growing firms in the Orlando marketplace,” says MK’s MP Ed Moss. MK was recently recognized as one of the top five fastest-growing firms, under $3 million in net fees, by IPA.

Two St. Louis firms, Rackers & Fernandez and Borusiewich & Cole combined their practices on December 1. The new firm will employ more than 20 employees at three offices throughout the state. Taking the names of the three partners, the newly merged firm will be RFC Advisors, LLC. Sergio Fernandez will serve as the MP, a position he currently holds with Rackers & Fernandez.