Mergers: April 7

CliftonLarsonAllen Acquires Illinois Agricultural Auditing Association

Minneapolis-based CliftonLarsonAllen (CLA) (FY12 net revenue of $569.2 million) acquired Normal, Ill.-based Illinois Agricultural Auditing Association (IAAA), an accounting and consulting organization serving agribusiness entities in the Midwest.

“IAAA has garnered a strong reputation serving cooperatives, agribusinesses and farm bureaus,” says CLA Regional MP, Steve DeBruyn. “CLA is excited about the opportunity to leverage IAAA’s talents for our own clients as well as to expand our presence in Illinois to 13 locations with the addition of IAAA’s Bloomington/Normal and Springfield locations.”

Joining CLA are more than 20 IAAA professionals, including principal Brian Brown. “IAAA was founded in 1924 to provide the highest level of service to grain elevators, farm supply retailers, seed companies and many other agricultural membership organizations,” says Brown. “CLA’s depth of resources, talent and expertise will only enhance the services we provide.”

“IAAA’s emphasis on client service excellence as well as an industry-focused approach matches CLA’s culture and mission perfectly,” says DeBruyn. The blend of skills across both firms allows us to continue to expand our capabilities and deliver maximum impact for our clients. With the addition of IAAA, CLA’s agribusiness and cooperatives group will have over 125 employees serving over 5,000 farmers, producers, processors and cooperatives across the country.”

PwC Completes Acquisition of Booz & Company

New York-based PwC (FY12 net revenue of $10.2 billion) has acquired Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network.

Following this merger, Booz & Company has changed its name to Strategy& (pronounced Strategy and). This new name will be used alongside the PwC name and brand.

Welcoming the Strategy& team to the PwC Network, Dennis Nally, chairman of PwC says, “Businesses are navigating unprecedented, disruptive threats and organizations increasingly want the right strategy and the ability to execute it. Together, PwC and Strategy& meet this need – delivering superior value to our clients and stakeholders, attracting premium talent and helping businesses around the world build their capabilities on a global scale.”

“We are delighted to be joining PwC, the leading professional services network in the world, as it enables us to offer both our clients and our people a bigger, broader and better opportunity to connect strategy to impact,” says Cesare Mainardi, CEO of Strategy&.