Decosimo CPA Firm Acquires Solvability Consulting Practice

The Huntsville, Ala.-based cost accounting and federal compliance solutions group Solvability has been acquired by Chattanooga, Tenn.-based Decosimo (FY11 net revenue of $34 million), The Chattanoogan reported.

The move is intended to improve Decosimo’s existing audit, tax and business advisory service offerings for government contractors, while extending Solvability’s reach and resources.

Decosimo Principal Ken Conner told the newspaper, “With the government contractor concentration in Huntsville and our regional firm’s growing client base in this industry, it was important for us to complement our traditional assurance and tax services with the compliance advisory and specialized accounting solutions that these businesses need to effectively operate and report on their federal contracts.”

The practice will continue to do business under the Solvability name and will keep all of its personnel. Solvability’s founder Jenny Clark and CEO Joe Yearta will each serve in director roles under the new arrangement with Decosimo.