Doeren Mayhew Merges With Orth, Chakler, Murnane & Company

Troy, Mich.-based Doeren Mayhew (FY14 net revenue of $61.2 million) announced a merger with credit union CPA firm Orth, Chakler, Murnane & Company, based in Miami.

The merger combines two of the nation’s top credit union auditing firms as ranked by Callahan & Associates’ 2015 Supplier Market Share Guide: Credit Union Auditors.

Founded in 1996, OCM has been solely dedicated to assisting credit unions. Its seven partners and nearly 60 professionals will continue with the combined organization. OCM’s co-founders, Douglas Orth, Hugh Chakler and John Murnane, as well as the firm’s four other partners, Daniel Moulton, James Griner, Lori Carmichael and Jack Kenney, will continue their current roles as shareholders within Doeren Mayhew’s Financial Institutions Group.

“For our clients, this news means access to the consolidated resources of two of the nation’s top credit union auditing and advisory firms,” says Orth, “and an expanded suite of professional services critical to an industry that continues to grow in terms of asset size, complexity and expectations.”

Effective Oct. 1, OCM will operate as Orth, Chakler, Murnane & Company, A Doeren Mayhew Firm. The combined firm will operate from five offices located in Michigan, Florida, Texas and North Carolina.

Mark Crawford, chairman of Doeren Mayhew, says the merger allows expansion into Florida and Texas, targets in the firm’s long-term growth strategy. “Merging with a firm of OCM’s talent and niche expertise reflects Doeren Mayhew’s continuing investment in the financial institutions industry,” he says.

Based on this year’s rankings of Callahan & Associates’ market share report, the combined group will be a top-two provider to the credit union industry. Servicing more than 40 credit unions exceeding $1 billion in asset size, Doeren Mayhew will command nearly 18 percent of market share related to the nation’s largest credit unions.