Archives for December 2012

Moss Adams, Mohler, Nixon & Williams to Merge Jan. 1

Two IPA Top 100 firms, Seattle-based Moss Adams (FY11 net revenue of $323 million) and Campbell, Calif.-based Mohler, Nixon & Williams (FY12 net revenue of $34.3 million) will combine effective Jan. 1.

The merger will strengthen the presence of Moss Adams in Silicon Valley, while MNW will gain expertise in several industries, the firms announced in a joint statement. “Combining Moss Adams and Mohler, Nixon & Williams positions us to meet the accounting and business consulting needs of the expanding business community in Silicon Valley and across California,” said Rick Anderson, CEO of Moss Adams.

Mohler, Nixon & Williams, which specializes in services to the technology industry, brings 25 partners and more than 160 employees to the deal. The firm also conducts more employee benefit plan audits annually than any other firm in the Bay Area. Combined with the expansive employee benefit services practice of Moss Adams, the practice will be one of the largest in the nation.

“Both Mohler, Nixon & Williams and Moss Adams are like-minded firms with similar business ideals and goals, and we couldn’t ask for a better partner in this combination,” said Steve Vidlock, CEO and managing partner of Mohler, Nixon & Williams. “The quality of work at Moss Adams and its partners, staff and clients command incredible respect in our industry.

In spring 2013 the Santa Clara office of Moss Adams will move to the existing Mohler, Nixon & Williams office in Campbell, and the San Francisco office of Mohler, Nixon & Williams will combine with the Moss Adams office there.

Newly Merged Firm, HSMC Orizon, Acquires Omaha Practice

HSMC Orizon, which formed in October after the merging of HSMC Certified Public Accountants of Lee’s Summit, Mo. (FY11 net revenue of $1.85 million), and Orizon CPAs of Omaha, Neb. (FY11 net revenue of $3.17 million), has acquired Rand Hansen of Omaha for an undisclosed amount, the Kansas City Business Journal reported.

Founder Rand Hansen and two employees come to HSMC Orizon, bringing staff total at HSMC Orizon to 46. “Moving my practice to HSMC Orizon will give clients exposure to additional resources, including audits, business and technology services with a growing firm in the Midwest,” Hansen said in a release.

People in the News – Dec. 11

Mitch Hansen and Pete Miller have been admitted as a partner at Clark Nuber of Bellevue, Wash. (FY11 net revenue of $26.70 million) effective Jan. 1. Hansen is an expert in long-term health care strategies and leads the governmental practice area. Miller has led the development of forensic accounting within Clark Nuber.

The California Board of Accountancy (CBA) has elected new leadership for 2013: president, Leslie Lamanna, partner at LaManna & LaManna; secretary/treasurer, Kitak (K.T.) Leung, principal at Leung Accountancy Corporation; and vice president, Michael Savoy, managing director of Gumbiner Savett Inc. The CBA, with 76,000 licensees, regulates the largest group of licensed accounting professionals in the nation.

New York City-based EisnerAmper (FY12 net revenue of $256.92 million) announced three new leadership appointments for its New York, New Jersey and Philadelphia offices. Bruce Rosen, co-chair of the assurance practice, takes on the New York PIC position, a new role in the firm, effective immediately. Lori F. Reiner, a member of the firm’s strategic planning committee, is the new incoming PIC of the firm’s Jenkintown, Penn., office while current Jenkintown office leader, Jay Weinstein, a member of the firm’s executive and governance committees, will relocate to New Jersey and assume the new role as PIC of the firm’s consolidated New Jersey office in Metro Park.

Fargo, N.D.-based Eide Bailly (FY12 net revenue of $157.70 million) The partners of Eide Bailly elected Dave Stende, who has served as the firm’s chief operating officer (COO) since 2006, as managing partner/CEO-elect to succeed Jerry Topp, effective May 1. Topp, who is nearing retirement, plans to remain with the firm for a few years to work on M&A activities and special projects. When Topp accepted the managing partner/CEO role in 2003, the firm had $54 million in net fees, nine offices, 75 partners and 577 staff members. Today, the firm has grown to $158 million, 21 offices, 165 partners and 1,016 staff members. “Jerry has provided outstanding leadership during the past 10 years, as we have seen the firm triple in size. I plan to build on what he has done,” Stende says.

Enterprise Worldwide Admits New Member

MRPR Group CPAs & Advisors of Southfield, Mich.  (FY11 net revenue of $3.10 million) has joined Enterprise Worldwide, an alliance of independent firms in more than 60 countries. Greg Zink, principal at MRPR Group, says, “The idea of being associated with like-sized and like-minded firms was the appeal and made it the right fit for us. We will have access to best practices from similar firms around the world.”  The association also coaches firms on improving client service through its Five Star training requirement. Says Adelaide Ness, executive director of Enterprise Worldwide, “This firm is progressive with big ideas about client service. They are going to contribute on a national and international level and are a perfect fit for our membership.”

People in the News – Dec. 13

Laura Robinette has been named the new MP for PricewaterhouseCooper’s Raleigh office. She succeeds Tim Throndson, who has relocated to Cleveland. Robinette, a partner since 2008, will continue to lead the firm’s Emerging Company Services practice.

Harry Moseley has been named KPMG’s chief information officer (CIO), effective Dec. 17. He succeeds Richard Anderson, who is retiring. Moseley was formerly CIO of The Blackstone Group, an investment firm. “Harry will play a critical role in advancing our development of a world-class technology platform that enhances our client service delivery and serves as a model for how we can help clients transform their own businesses,” says KPMG Chairman and CEO John Veihmeyer.

People in the News – Dec. 17

Jill Martin has been admitted as a partner in the tax services group of Philadelphia-based ParenteBeard (FY11 net revenue of $169.60 million).

Martin has more than 25 years of tax experience at ParenteBeard, specializing in advising high net worth individuals, estate, gift, trust and private foundations. “As a new partner, Jill will enhance ParenteBeard’s ability to serve this important client base as it navigates the challenges of the current economic environment,” said Bob Ciaruffoli, chairman and chief executive officer.

Doeren Mayhew Makes Second Houston Acquisition

Troy, Mich.-based Doeren Mayhew (FY11 net revenue of $42.05 million),  acquired MFR of Houston. Effective immediately, the merged entity will operate as Doeren Mayhew. In 2010 DM acquired TR Moore and Co.

MFR co-founders Roland Rodriguez and Gasper Mir will become Doeren Mayhew advisory board members, providing strategic guidance, and both will continue to own and manage affiliates MFR Solutions and MFR Healthcare Solutions.

“Driving our decision to move forward with this merger was our strong commitment to provide a higher level of sophisticated expertise to our clients,” says Mark Crawford, Doeren Mayhew chairman and MP. “Combining these two groups of extremely talented and experienced professionals not only continues to increase our national reach and local presence in the Houston market space, but provides our clients across the nation with resources to grow with them as they look to expand.”

Rodriguez also cites as reasons for the merger the region’s favorable business climate, access to Doeren Mayhew’s international network of affiliated accounting firms through Moore Stephens, and the growth potential and positive impact on staff and clients.

Two Virginia Firms Combine Forces

Newport News, Va.-based Witt Mares and PBGH LLP, with four locations in the state, will merge effective Jan. 1. Combined, the new company will have almost 200 professionals in eight locations in Virginia. With the exception of a combination of the firms’ offices in Fairfax, no offices will close and staff will remain in place.

Alan Witt will be named as CEO, and will be based in Newport News, Va. Keith Wampler will be named chairman of the board and will be based in Fredericksburg, Va.

“To expand our footprint across the state with this strategic merger will provide both firms with momentum to expand further throughout the Mid-Atlantic,” said Keith Wampler, MP of PBGH, in a release.

Baker Newman & Noyes Expands Services

Portland, Maine-based Baker Newman & Noyes (FY11 net revenue of $27.86 million) has changed the name of its IT Consulting Group to the Risk and Business Advisory Practice to reflect its broader scope of services.

“Over time, we have grown from managing the RFP process for a firm’s new IT system to creating road maps for companies to achieve growth and become high-performing through a multitude of channels.

Our team is the only stand-alone practice like this in Maine, and we have seen some real success over the last 12 months. I could not be more proud,” says Patrick Morin, principal of the Risk and Business Advisory Practice.

BDO and PKF to Merge in United Kingdom

BDO and PKF have agreed to merge, creating the sixth largest accounting firm in Britain by the spring of 2013, the Yorkshire Post reported.

The merged firm, with an estimated 3,500 UK staff, will operate under the BDO brand.

The merged firm will be a member of BDO International.