Archives for January 2015

Warren Averett Admits McGee As Managing Director of Transaction Advisory Group

Lee McGee

Lee McGee

Birmingham, Ala.-based Warren Averett LLC (FY13 net revenue of $122.9 million) admits Lee McGee as a member and managing director of the firm’s transaction advisory group.

With more than 25 years of transaction experience, McGee joins Warren Averett to strengthen and expand services in this area. He assists private equity groups, venture capitalists and business owners in navigating the complexities of transactions, including due diligence, valuation, exit readiness and post-acquisition integration activities.

“A cookie-cutter approach is never an option with Warren Averett’s clients – that’s our competitive edge,” says McGee. “The transaction advisory group delivers objective advice based on knowledge of industry, business structure and existing market conditions.”

“We welcome Lee McGee, and his expertise to our team,” says Jim Cunningham, Warren Averett’s CEO. “McGee’s leadership adds additional depth to our industry experience and builds our service offering within this market so that we can better serve our clients.”

LBMC Admits Lovin to PIC of Litigation/Valuation Services

Chris Lovin

Chris Lovin

Brentwood, Tenn.-based Lattimore Black Morgan & Cain (LBMC) (FY14 net revenue of $71.8 million) announced that Chris Lovin has been admitted as PIC of LBMC’s litigation and valuation services division.

Lovin has more than 20 years of experience in commercial litigation and valuation matters involving a variety of industries.

“I was very fortunate to persuade Chris to join me in our litigation/valuation department some 18 years ago,” says David Wood the retiring PIC. “He has earned the right to lead our work in this area with his professional approach, training and experience. He is well regarded by attorneys and clients for his determination to provide the highest quality service. He will continue to build on the foundation that has been established.”

Cherry Bekaert Admits Jobe as Assurance Partner

John Jobe V

John Jobe V

Adding to the expertise and services offered by its assurance group, Richmond, Va.-based Cherry Bekaert LLP (FY14 net revenue of $130.8 million) announced John Jobe V was admitted as a partner.

Previously an audit senior manager at a Big 4 firm, Jobe’s new role will be based in Cherry Bekaert’s headquarters in Richmond, Va. He will provide guidance with SEC filings, accounting for investments and derivatives, revenue recognition, debt/equity classification, discontinued operations, impairment of long-lived assets, exit and disposal activities and foreign currency.

“We expect John to be a valuable resource clients can utilize for their national and international growth aspirations,” says Robert Martin III, MP of Cherry Bekaert’s Richmond practice. “Specifically, John’s experience with large, international companies and his extensive knowledge of U.S. GAAP and SEC rules and regulations will complement the existing talent of our firm’s assurance group.”

With more than 12 years of experience, Jobe has handled integrated and financial statement audit issues on both a domestic and global scale. Recently, he spent two years in London as a technical resource on PCAOB, SEC, U.S. GAAP and IFRS matters from clients and engagement teams in Europe and beyond.

Guilmartin DiPiro & Sokolowski Merges with Connecticut Firm

Guilmartin DiPiro & Sokolowski LLC (GDS) of Middletown, Conn., announced a merger with Goundrey & Company CPAs of Middletown, effective Jan. 15. Thomas Goundrey was named as a partner at GDS.

Goundrey has more than 40 years of experience in public accounting. Prior to joining GDS, he was a sole practitioner continuing the tradition of excellence in the family-owned firm established in 1946.

Mike DiPiro, partner at GDS, says, “We at Guilmartin DiPiro & Sokolowski, are delighted to join together with one of the most well-established accounting firms in Middlesex County. The Goundrey name has been synonymous with integrity and quality for 70 years. We look forward to working with Tom and to having a long and prosperous relationship.”

“Joining the GDS family offers me a wealth of professional opportunities, and provides my clients with a new level of service,” says Goundrey. “The welcome that we have received has been nothing short of exceptional.”

Kavanaugh Joins CohnReznick as Tax Partner in the Affordable Housing Industry Practice

Mark Kavanaugh has joined New York-based CohnReznick LLP (FY14 net revenue of $508.2 million) as a tax partner and member of the firm’s affordable housing industry practice. He is based in the firm’s New York office.

Kavanaugh brings more than 24 years of public accounting experience developing expertise in partnership, corporate and individual taxation for the real estate industry. He brings a comprehensive understanding of the significant impact, both beneficial and detrimental, that income taxation has upon real estate development and ownership. Kavanaugh’s areas of focus have included planning, research and compliance with respect to partnership allocations, the low income housing tax credit, historic rehabilitation tax credits, brownfield redevelopment tax credits, long-term contracts, IRC Section 1031 like-kind exchanges, cancellation of indebtedness and taxation of high-net-worth individuals.

“Mark and I will work closely together to further the firm’s significant expansion of the affordable housing industry practice in the New York metro area,” says Bill Riley, CohnReznick partner and Northeast regional director for the firm’s affordable housing industry practice.

Prior to joining CohnReznick, Kavanaugh was the founding partner of a New York City-based accounting firm that provides deal structuring, audit, taxation and financial analysis services to developers and owners of real estate.

“Mark’s vast experience with the tax issues impacting the affordable housing sector will have a great impact on our New York office, and our current and future clients. We’re delighted to have him on board,” says Steve Mayer, OMP, New York.

PrimeGlobal Welcomes Delvaux as Chief Regional Officer, Europe, Middle East and Africa

PrimeGlobal announced the hiring of Thierry Delvaux as chief regional officer Europe, Middle East and Africa.

“Thierry has tremendous experience to bring to this role, both with membership organizations in general and accounting associations specifically,” says Kevin Mead, PrimeGlobal CEO. “His keen understanding of the specific needs of European, Middle Eastern and African firms and his knowledge of the issues facing the accounting industry across the region will allow PrimeGlobal to provide an even higher level of service to our membership. We look forward to all the innovation and value he will bring to our member firms.”

Thierry brings more than 12 years of experience in management of international associations to his new role. He began his career in associations at INAC, an international association of independent executive search firms with members in 50 countries. Prior to his service in associations, Thierry spent a number of years as a recruitment consultant and in human resources services.

Manwiller Named Bethesda and Columbia Attest Practice Leader

Jeff Manwiller

Jeff Manwiller

Leawood, Kan.-based Mayer Hoffman McCann PC (MHM) (FY13 net revenue of $532 million) announced that Jeff Manwiller has been admitted as attest practice leader for the firm’s Bethesda and Columbia, Md., offices.

Manwiller succeeds Jeff Sabot, who is enjoying a lighter schedule focused solely on client service after 40 years with the Bethesda office. As attest practice leader, Manwiller assumes responsibilities for quality control, technical accounting and auditing matters, as well as practice growth and personnel development. He will maintain active client service and engagement management responsibilities.

Greg Allender, senior managing director, CBIZ MHM, says of Manwiller, “His passion for quality technical work, extensive experience in both for-profit and nonprofit/governmental financial services and commitment to client service will serve him and our clients well as he takes the reins from Jeff (Sabot).”

Manwiller has practiced public accounting for nearly 20 years, all with this firm, including serving the last six as an MHM shareholder and a CBIZ managing director in corporate services. He manages many of the office’s large commercial audits. He has experience and expertise with complex and specialized issues such as business combinations, fair value measurements, non-controlling interests, currency conversions and translations, foreign subsidiaries, international accounting issues and complex reviews and compilations.

Brown Smith Wallace Admits Seven Partners

Seven principals at St. Louis-based Brown Smith Wallace (FY13 net revenue of $31 million) have been promoted to partner effective Jan. 1. The new partners are: Bryan Graiff, transaction advisory and litigation support; Lincoln Gray, broker-dealer and investment advisory services; Darla Hemmann, tax services; Matthew Powell, employee benefit plan audit services; Ron Present, health care advisory services; Ronald Steinkamp, public sector advisory services; and Kelly Weis, audit services.

In 2014, the seven individuals participated in the firm’s inaugural year of the Partnership Readiness Program, which is managed by the firm’s executive committee and works to prepare selected principals to become the next generation of firm partners.

“Leadership development is essential to the success of our firm,” says Harvey Wallace, MP at Brown Smith Wallace. “Just like any business, firms with effective leaders execute better, develop talent more effectively and deliver more powerful, tangible business performance.”

Participants have the opportunity to define and grow in their leadership, community involvement and business development skills, as well as understand the expectations for partnership consideration and invitation. They are required to participate in management assessment tools, which include one-on-one interviews. The participants are provided feedback to identify their core leadership strengths as well as any opportunity areas.

KLR Admits Six Shareholders

Providence, R.I.-based Kahn Litwin Renza & Co. (KLR) (FY13 net revenue of $35.6 million) announced that six principals have been admitted to shareholders of the firm, effective Jan. 1. The six shareholders, located in KLR offices throughout New England, are: Laura DaLomba, David Desmarais, Loree Dubois, Meyer Levy, Anthony Mangiarelli and John Surrette Jr.

“Our firm continues to grow as a result of our constant focus on preparing our next generation of leaders,” says Alan Litwin, KLR’s managing director. “We look to each of these new shareholders to help ensure the quality of our work and to their steadfast commitment to providing superior service to our clients.”

Lane Gorman Trubitt Names New MP, Principal

Lee Ann Collins

Lee Ann Collins

Lane Gorman Trubitt (LGT) (FY13 net revenue of $16.9 million) of Dallas admits new leadership with two promotions in January. Lee Ann Collins, a partner at LGT, has been named MP of LGT and Patrick Reilly has become a principal of the assurance services department.

“LGT’s success has always been based on the team efforts of our people. Inevitably, any change in leadership will take us in new directions and I am eager to see where that will be,” says Bob Knight, partner at LGT.

Patrick Reilly

Patrick Reilly

Collins has been an employee at LGT for 28 years, working primarily in audit and consulting. In this time she has made a large impact on the overall success of the firm and held various leadership roles at the firm and within various construction organizations in the Dallas community, the firm announced. As the MP, Collins will support the partners to ensure they have all that’s needed to be successful while overseeing the day-to-day operations and long-term planning for the firm.

“The firm is now my client,” says Collins. “My goal is to properly advise and lead the firm in a way that preserves our strong reputation and retains our best employees.”

Reilly joined LGT in 2003 with more than seven years of SEC experience and 10 years of experience serving the automotive industry. His responsibilities include project management for audit, reviews and consulting accounting engagements, as well as compliance auditing. Reilly supervises the team on engagements, reviews field work and prepares and reviews financial statements as well as works with clients as they develop and grow their businesses.

“I am excited to step into my new role as the principal of assurance services,” says Reilly. “I am honored to represent LGT and continue to serve our client base in my new role.”