Archives for January 2013

SingerLewak Acquires Northern California Firm

Los Angeles-based SingerLewak LLP (FY11 net revenue of $40.2 million) merged with the former San Francisco office of Acquavell, Chiarelli, Shuster, Berkower & Co., increasing its presence in Northern California.

The deal involves partner Daniel Won and six other employees. A more comprehensive offering of services is expected, such as working with hedge funds, private equity/venture capital funds and investment advisors.



Miami’s Kaufman, Rossin & Co. Names New MP

Blain Heckaman has been named MP of Miami-based Kaufman, Rossin & Co. (FY12 net revenue of $53.3 million).

Heckaman, 54, is an Indiana native who graduated from Ball State University. He moved to South Florida in 1984 when he was hired by the firm.

He rose through the firm’s audit practice and succeeds James Kaufman, a founder of the firm, who will remain as chairman and CEO.

Weinberger Named to Succeed Turley as E&Y’s Next CEO

Mark Weinberger has been elected to succeed James Turley as CEO and global chairman of Ernst & Young (FY11 gross revenue of $7.5 billion), the firm announced in mid-January.

Weinberger, 50, joined the firm’s Washington, D.C. office in 1987 and has held many senior leadership roles. He sits on the Global Executive, the firm’s highest governing body, and is the global head of tax. He has served on the Americas Executive and U.S. Operating Committee and was the America’s head of tax. He also served as Assistant Secretary of the U.S. Treasury (Tax Policy) under President George W. Bush. Turley, CEO since 2001, announced his plan to retire June 30, 2013 in early 2012.

Of Weinberger’s selection, Turley says, “Mark has a regulatory mindset which will ensure E&Y maintains strong connections with the many audit regulators and other officials with whom we engage globally.”

SS&G Expands Footprint in Chicagoland Area

Cleveland-based SS&G (FY11 net revenue of $67.1 million) acquired Silver, Lerner, Schwartz & Fertel of Skokie, Ill., adding 45 professionals and doubling SS&G’s staff in the Chicagoland area.

The addition marks the third merger in the Chicagoland marketplace for SS&G. Michael Perlman, will serve as MP of SS&G’s newest office in Skokie, and will lead its Chicagoland operations. “When we entered the market in 2010, we naturally planned for growth. But the rate at which we’ve experienced it has surpassed all expectations,” says Gary Shamis, MP of SS&G. The merger enhances SS&G’s restaurant, health care, real estate and nonprofit practices.

Tucson’s BeachFleischman Adds Talent Through Phoenix Merger

BeachFleischman of Tucson, Ariz. (FY11 net revenue of $14.9 million) and Taylor, Duffy & Assoc. of Phoenix combined on Jan. 1.

The firms will do business as BeachFleischman. The merger provides new and expanded office space for BeachFleischman’s Phoenix operation. TD founder Phillip Taylor will become the MP of the Phoenix operation.

TD brings four partners and seven staff, increasing the staff count in Phoenix to 18. “From a practice perspective, TD provides clients in the construction sector with a level of industry expertise that goes unmatched by firms in the Southwest,” says Bruce Beach, CEO of BeachFleischman. BeachFleischman has 130 professionals, including 24 shareholders and 57 CPAs. The firm is a member of the Leading Edge Alliance.

Anders Minkler & Diehl Seals Deal With St. Louis Firm

Anders Minkler & Diehl of St. Louis (FY11 net revenue of $17 million) and Huber, Ring, Helm also of St. Louis, merged on Jan. 1.

The new firm, which will be known as AMD, will have more than 160 partners and staff members, and about $26 million in revenue.

This merger allows us to retain our commitment to remain a local firm, while being one of the largest firms not only in the St. Louis marketplace, but throughout the Midwest,” says AMD MP Robert J. Minkler Jr.

This is the first overall firm merger for AMD, which most recently merged the Barnes Sports Group into its Sports, Arts & Entertainment Group. HRH previously merged several smaller firms into its practice.

SC&H Group Joins Moore Stephens NA

Moore Stephens N.A. admitted Sparks, Md.-based SC&H Group (FY11 net revenue of $49.6 million).

“With a growing global economy, our clients’ expansion needs require us to provide a wide range of services into new markets,” says Ron Causey, the firm’s MP. SC&H brings expertise in a number of critical areas, serving over 100 of the Fortune 500 companies.

Additionally, its state and local tax practice is one of the more robust in the U.S. as it has more than 80 professionals dedicated to this increasingly important area. SC&H Group is headquartered in Maryland, with offices in Virginia, Georgia, Florida and Colorado.

PMB Helin Donovan Staff Count Rises to 40 After Merger

Austin, Texas-based PMB Helin Donovan (FY11 net revenue of $17.1 million) is merging with a Walnut Creek, Calif., firm, BBR.

The deal increases the number of PMB’s employees by 40, boosting its annual revenue to $21 million and adds three offices, the Austin Business Journal reported.


Kerber, Eck & Braeckel Merges in Missouri Firm

Springfield, Ill.-based Kerber, Eck & Braeckel and Pritchard Osborne of Clayton, Mo., merged in January.

The newly combined firm will operate as Kerber, Eck & Braeckel. Prichard Osborne employees will move to KEB’s offices in downtown St. Louis.

The combined firm has more than 200 employees and more than $20 million in annual revenue, the St. Louis Post-Dispatch reported.

People in the News – Jan. 28

Joe Caggiano, 48, a principal with Reznick Government, died Jan. 14 at his home in Bethesda, Md., of a massive heart attack. Caggiano was COO at Washington Management Group/FedSources, leaving in 2011. He joined Reznick, now CohnReznick in October of that year, with the aim of expanding the firm into the federal market. He previously worked at Deloitte and Arthur Andersen. Bill Gormley, who worked with Caggiano for 10 years at the Washington Management Group/FedSources, told Washington Technology magazine that he “looked for a positive way to accomplish what some folks would see as a threat or disaster. Joe would offer encouragement and try to mentor the world if there was enough time.”

Other People in the News…

CBIZ MHM, based in Cleveland and Leawood, Kan., (FY11 net revenue of $598 million) announced that Scott J. Goldberg and Jay Graham have joined the company’s New York office as managing directors. Goldberg joins the Accounting Services Practice group with a specialization in nonprofit services. Previously, he was a principal in the Audit department at Morrison, Brown, Argiz & Farra, LLC (MBAF) and a member of its Non-for-Profit Services Group. Prior to joining CBIZ, Graham spent three years as a managing director at True Partners Consulting. Graham, a member of the Tax Services Practice group, will focus on federal taxation with respect to consulting, compliance and ASC 740 services.

Michael Gottstein has been admitted to partner at New York-based Berdon (FY11 net revenue of $95 million) leverages nearly 20 years of experience in accounting to advise clients of all sizes in the real estate, private equity, transportation, manufacturing and distribution, and energy marketing sectors.

Donna L. Niesen has been admitted as a partner at Indianapolis-based Katz, Sapper & Miller (FY11 revenue of $46.71million). Niesen, who joined the firm in 2005, is a member of the firm’s state and local tax practice and specializes in multistate sales and income taxes, business incentives, controversy services, and other state taxes.

Four new partners have been admitted at Portland, Maine-based Baker Newman Noyes (FY11 net revenue of $27.9 million): Bill Beauchesne, Dayton Benway, Alan Duhaime and S. Andrew Smith. All four previously served as senior managers. Beauchesne, a specialist in partnership and LLC taxation, has been named tax partner. Duhaime, who focuses on manufacturing, high technology, health care and the not-for-profit sectors, has been named audit partner. Benway has been named partner in the health care management consulting division. Smith specializes in multi-state taxation, corporations and partnerships and cost segregation studies. He has been named tax partner.

Tim Snavely has been promoted to regional MP for the East Region of Springfield, Mo.-based BKD (FY12 net revenue of $401.8 million). The East Region consists of Kentucky, Ohio and Indiana. Snavely will oversee eight offices with more than 375 employees. Formerly the Kentucky-Southern Indiana MP, Snavely replaces Ted Dickman, who was named CEO in June. David Tate will replace Snavely as the Kentucky-Southern Indiana MP.

New York City-based Marks Paneth & Shron (FY11 net revenue of $88.2 million) has admitted Dawn Rhodes as partner in the tax practice. She specializes in matters related to the real estate industry, estates and trusts and high-net-worth individuals.

Three new partners have been admitted at Rockville, Md.-based Aronson (FY11 net revenue of $52.2 million): Rob Eby, Amanda Fuller and Stephen White. Eby provides assurance and consulting services for clients that include nonprofits, associations, foundations, schools and service organizations. Fuller provides audit and assurance services to employee benefit plans. White is Aronson’s chief administrative officer.