Archives for August 2014

Armanino Merges In Berger Lewis

San Ramon, Calif.-based Armanino LLP (FY13 net revenue of $112.8 million) announced that an agreement has been signed with San Jose, Calif.-based Berger Lewis Accountancy Corporation, to merge effective Jan. 1, 2015.

The merger strengthens Armanino’s reach throughout Silicon Valley by adding to its nonprofit and middle market tax practice. Armanino will also have a new presence in the Santa Cruz-Monterey Bay community, with all Berger Lewis’ partners, professionals and staff making the transition to Armanino. “The core of our success has been rooted in our focus on growth and investment in great people,” says Andy Armanino, MP of Armanino.

“Joining a national industry leader like Armanino creates an opportunity to better serve our clients,” says Randy Peterson, MP of Berger Lewis. “Their expertise in technology solutions, M&A, IPO readiness and wealth management made the move a great fit for us. We look forward to collaborating and creating the best business solutions available to our clients.”

Armanino’s aggressive growth strategy has been focused on new opportunities, including expansion of service lines, technology solutions, specialized expertise and key acquisitions.

MACPA Lobbyist George Manis Dies at 85

George Nick Manis

George Nick Manis

George Nick Manis, co-founder of Manis Canning & Associates, the lobbying firm that worked with the Maryland Association of CPAs before Maryland’s General Assembly, died Aug. 13 at the age of 85.

“George’s knowledge of our state’s government and his savvy lobbying instincts were hugely important to our profession,” says Tom Hood, executive director of the MACPA. “Our legislative advocacy has been a cornerstone of the MACPA since 1901. George was a key to the development of our grassroots member involvement, our key person program and our PAC activities for more than 30 years. Our members and their clients are stronger than ever today thanks to the efforts of George and his firm.”

Atlanta CPA Firm Appoints Poulos to Director of Talent

Evelyn Poulos

Evelyn Poulos

Moore Colson (FY13 net revenue of $14.5 million) of Marietta, Ga., announced the appointment of Evelyn Poulos to director of talent, a newly created position within the firm.

Formerly a senior manager in the firm’s business assurance practice since 2011, Poulos’ new responsibilities as director of talent will be to elevate the firm’s approach to address the growing need for exceptional talent through recruiting, evaluating and hiring professionals at Moore Colson. She will also help develop the professional staff with ongoing counsel and the development of specific training programs within the Moore Colson University program. She will help further build relationships with regional universities to help with college recruiting and internships.

“The appointment of a director of talent position at Moore Colson shows the firm’s commitment to our future, our employees and the continued development of our unique employee training program, referred to as Moore Colson University,” says COO Ken Burrows. “Evelyn’s 20 years of accounting experience coupled with her deep knowledge of the industry greatly enhances Moore Colson’s ability to hire the right people as we continue to grow”.

Warren Averett’s Hartsock Named One of Georgia Southern University Alumni Association’s Top 40 Under 40

Kim Hartsock

Kim Hartsock

Birmingham, Ala.-based Warren Averett LLC (FY13 net revenue of $122.9 million) announced that Kim Hartsock was named to the Georgia Southern University Alumni Association’s 40 Under 40 Class of 2014. Over 30,000 alumni, under the age of 40 and from across the country, were nominated for this distinction.

The 40 Under 40 honorees represent young alumni that are leading the way in business, leadership, community, educational and/or philanthropic endeavors. All nominees were reviewed by a selection committee and narrowed down to 40 alumni who have demonstrated outstanding achievement, impact in their communities, and lifelong commitment to Georgia Southern University.

Hartsock is a partner in the Atlanta office and is a member of the firm’s emerging executive group and a leader of the nonprofit and construction industry groups of the firm. Hartsock serves many privately held clients as well as nonprofit organizations.

The 40 Under 40 Class of 2014 will be recognized and celebrated during a luncheon to be held on Sept. 26at the Nessmith Lane Ballroom on the Georgia Southern University campus.

CBIZ and MHM Announce Addition of Wright to Private Equity Practice

Cleveland and Leawood, Kan.-based CBIZ and Mayer Hoffman McCann P.C. (MHM) (FY13 net revenue of $532 million) announced the addition of Sam Wright as director in the transaction advisory services group for the private equity practice in New York.

Wright will have both client and market responsibilities, assisting with the expansion of the firm’s footprint in New York. He has more than 20 years of transaction and audit experience in both domestic and international markets, focusing on buy-side and sell-side due diligence for middle-market private equity firms. Prior to joining the company in 2014, Wright was a partner and started a transaction advisory services practice for a top 10 accounting firm, where he worked with private equity groups and strategic corporate buyers throughout the country.

“I’m delighted to have Sam join our group,” says Jeffrey Gluck, senior managing director, CBIZ MHM LLC New York. “He brings a wealth of experience assisting clients with their transaction and accounting needs, which will greatly enhance our ability to service clients and strengthen our commitment to the New York marketplace.”

Brown Smith Wallace Welcomes Schmaltz as Tax Services Principal

Lisa Schmaltz

Lisa Schmaltz

Lisa Schmaltz joins St. Louis-based Brown Smith Wallace (FY13 net revenue of $31 million) as principal in the firm’s tax services practice, according to the St. Louis Post-Dispatch.

Schmaltz brings more than 16 years of tax technical experience to Brown Smith Wallace. She will be key in growing the corporate tax practice, focusing on tax consulting and compliance for corporations and partnerships. She has experience with publicly traded and privately held companies, including manufacturing, real estate and energy/natural resources.

“We are very happy to have Lisa on board and are looking forward to adding her talents to our corporate tax practice,” says Martin Doerr, PIC of the tax services practice at Brown Smith Wallace.

Rea & Associates Announces Leadership Changes

New Philadelphia-based Rea & Associates (FY13 net revenue of $31.6 million) announced promotions in the firm, effective Aug. 1.

Chad Bice was named PIC of the firm’s Southeast Ohio region, where he focuses on driving revenue, helping lead the region’s success plan and manage client service and delivery throughout the firm’s Cambridge, Marietta and Zanesville offices.

Lesley Mast was named the firm’s director of taxation, overseeing the firm’s taxation initiatives throughout its 11 offices.

Don McIntosh is now serving as Rea’s chief leadership officer, where he oversees all offices, principals and segments throughout the firm.

“Rea is fortunate to have so many truly amazing professionals walk its halls. Not only are these men and women leaders within firm, they are leaders in their respective fields,” says Lee Beall, CEO. “The changes we have made to our leadership team speak to the direction Rea is heading, particularly in our Southeast Ohio region, where the changes we have made will encourage our offices to work more efficiently for the benefit of our firm and for our current and future clients.”

CohnReznick’s Co-CEOs Named Among Atlanta Area’s Most Admired CEOs

Ken Baggett

Ken Baggett

Ken Baggett and Tom Marino, co-CEOs of New York-based CohnReznick LLP (FY14 net revenue of $508.2 million), have been named among the Atlanta area’s most admired CEOs by the Atlanta Business Chronicle.

The inaugural program recognizes the top five CEOs in a cross section of industries with the CEOs or company headquarters based in Atlanta. Baggett and Marino were named among the top five in the professional services category and recognized Aug. 22.

Tom Marino

Tom Marino

“Admiration means we’ve done right by our clients, our employees and partners, and our community,” says Baggett.

“It’s an honor to be recognized by the Atlanta business community. We’re proud to lead CohnReznick and grateful for the dedication our people give to the firm,” says Marino.

Baggett and Marino have served as co-CEOs of CohnReznick since 2012 when J.H. Cohn LLP and Reznick Group P.C. combined.

AICPA Membership Now Exceeds 400,000

The AICPA announced that its membership recently passed the 400,000 mark, a milestone that underscores the continuing value and vitality of the organization and the accounting profession.

The AICPA is the world’s largest member organization representing the profession and has seen solid growth in recent years, despite a volatile economic climate. Membership has increased almost 13% in the past decade and 25% since 1994.

“I’m particularly proud of the growth we’ve seen in the past seven years, a challenging period for many professional organizations because of the economic downturn,” says Barry Melancon, the AICPA’s president and CEO. “Hitting the 400,000-member mark is a testament to the multifaceted services offered by the AICPA and its commitment to the public interest, and it’s also a reflection of the high regard in which the CPA credential is held in today’s complex world.”

The AICPA provides continuing education, a rigorous framework of ethical standards, technical guidance on accounting and audit matters, advocacy on issues important to the profession and the public interest, and a host of other key professional resources for members.

“While membership growth is an important measure of the AICPA’s health and strength, it’s only part of the equation,” says Melancon. “We have a steadfast commitment to member engagement and satisfaction, too.”

Sikich Welcomes Godbout and Sullivan

Jim Godbout

Jim Godbout

Naperville, Ill.-based Sikich LLP (FY13 net revenue of $100 million) welcomed Jim Godbout as partner to the firm’s business valuation practice and Jim Sullivan as director to the firm’s dispute advisory practice.

“With Jim Godbout and Jim Sullivan joining the firm, we are making a significant move forward in offering best-in-class service and insights for clients with very specific needs,” says Jim Sikich, CEO and MP. “Both of these leaders have specialized expertise and impressive backgrounds that will complement what our business valuation and dispute advisory practice areas have been building over the years, and we are fortunate to now have them as part of the Sikich family.”

With more than 20 years of experience, Godbout specializes in valuation, dispute advisory, financial consulting and forensic accounting services.

Sullivan, whose specialties include internal controls assessments and improvement, and fraud investigation, previously served for 12 years as the inspector general for the Chicago Board of Education.