Mountjoy Chilton Medley Merges with Indiana Firm

Louisville, Ky.-based Mountjoy Chilton Medley (FY11 net revenue of $30.2 million) and McCauley Nicolas of Jeffersonville, Ind., are combining on Oct. 1.

The move creates a large regional firm in the Kentucky/Indiana/Ohio tri-state area. Mike Mountjoy, co-MP, says the move will expand resources for existing and future clients, increase leadership opportunities for professionals in the firms and strengthen the firm’s position in the market.

The merger will also combine the two firms’ independent wealth-management operations – Capital Asset Management LLC and Meritrust Wealth Management LLC – to form a full-service registered investment advisor and financial services firm.

The combined firm, which includes 23 CPAs from McCauley Nicolas, will retain the Mountjoy Chilton Medley (MCM) name. This is the fourth merger for MCM in the past three years. MCM was created in 2009, when Chilton & Medley LLP merged with Mountjoy and Bressler LLP. MCM was listed as the 102nd ranked firm in this year’s IPA Top 200.