Warren Averett Sweeps The Southeast with Two Mergers

Birmingham-Ala.-based Warren Averett (FY11 net revenue of $81 million) continues its growth plans in the Southeast with the merger of Atlanta-based Gifford, Hillegass & Ingwersen (FY11 net revenue of $14.7 million) and Tampa-based Pender Newkirk & Co. (FY11 net revenue of $8.8 million).

WA and GH&I are members of the Leading Edge Alliance, and PN was a member of BDO Alliance.

The merger, effective January 1, builds a strong presence for Warren Averett in the Southeast. Warren Averett will employ more than 725 staff and serve clients through 14 offices across Alabama, Florida and Georgia.

Jim Cunningham serves as CEO of WA. Andrew Siegel and Cindy Ethridge will maintain their roles as co-MPs of the Atlanta division, which will operate during a transitional time as Warren Averett GH&I. Ralph Garcia will continue as MP of the Tampa division, which will operate during a transitional time as Warren Averett Pender Newkirk.

“This merger strengthens Warren Averett’s presence in the Southeast by joining three successful firms together across Alabama, Florida and Georgia. We are proud to be entering the Atlanta and Tampa markets, joining with premier local firms, and together becoming an accounting force across the Southeast.” said Jim Cunningham, Warren Averett’s CEO. “Our clients are growing and expanding and so are we. The Atlanta and Tampa markets are poised for growth and opportunity which will benefit our clients and our firm.”

Allan D. Koltin, CEO of Koltin Consulting Group, who advised Warren Averett and Pender Newkirk on this merger commented, “Both Pender Newkirk and GH&I were very high performing firms that felt merging with Warren Averett would help take their firm to the next level of growth as well as provide great growth opportunities for their people. All three firms shared a common philosophy regarding investing in their people and providing exceptional client service. I would not be surprised to see a couple more firms join the ‘party’ in other strategic markets in the southeast the next couple of years”.

Warren Averett Fast Facts:

  • 725+ employees
  • 14 offices across Alabama, Florida and Georgia, plus affiliate offices in Houston and the Cayman Islands
  • Client operations in 50 states and 30 countries outside the U.S.
  • Projected ranking among top 3 CPA firms in the Southeast
  • Projected ranking among top 30 CPA firms in the U.S.