Mergers: May 28

Eide Bailly Expands Into Washington State

McDirmid, Mikkelsen & Secrest P.S. (MMS) of Spokane, Wash., will be joining Fargo, N.D.-based Eide Bailly (FY13 net revenue of $171.2 million) on June 16. This union will bring Eide Bailly’s total staff to 1,350, including 202 partners.

“Moving into the state of Washington continues our strategy to expand west of the Mississippi River and into the Intermountain Region to fully serve mid-market clients,” says Dave Stende, Eide Bailly MP/CEO. “MMS has a strong assurance and tax practice, serving a wide variety of industries. We are excited to bring our national tax office capabilities, assurance services practice and portfolio of specialty services to Washington, which will bring additional value to clients in the region.”

Andrew McDirmid, MMS partner, will serve as the PIC of the Spokane office. “Combining our practice with Eide Bailly allows our clients to continue to work with the local professionals they have grown to trust but also gives them access to more than 1,300 talented professionals with deep industry knowledge and specialized service capabilities like cost segregation studies, international tax planning, forensic services and technology solutions—services comparable to the big firms.”

 

WeiserMazars LLP Expands Governance, Risk & Compliance Practice With Merger

New York-based WeiserMazars LLP (FY12 net revenue of $132.2 million) announced the completion of its merger with ICS Consulting Partners (ICS), a boutique internal audit, regulatory compliance and credit risk management consulting firm catering to the banking industry.

ICS’ co-founders, John White and John Palmer, have joined as principals to lead the banking internal audit practice and are accompanied nationally by their ICS professional team. “They significantly enhance and expand our bank consulting capabilities, providing our clients with the most comprehensive solutions available in an ever-changing regulatory climate and positioning us for further growth,” says WeiserMazars MP Douglas Phillip.

ICS creates, implements and maintains customized internal audit, regulatory compliance, and credit risk management programs for clients that range from large financial institutions to community banks.

“WeiserMazars’ stellar reputation and international reach were very appealing to us,” says ICS CEO John White. “Our expertise in delivering personalized, attentive services to banking institutions matches WeiserMazars’ client-driven culture.”