Archives for December 2015

Blue Merging With Fleming Brockschmidt & Durkin

Carmel, Ind.-based Blue & Co. LLC (FY14 net revenue of $64.4 million) is merging with Cincinnati-based Fleming Brockschmidt & Durkin on Jan.1.

The combined firm will be known as Blue & Co. and will be based out of Blue’s Cincinnati location. The combined staff will total over 360 employees across 10 offices in Indiana, Ohio, Kentucky and Texas. Blue is ranked ranked as the 53rd largest CPA firm in the U.S. by INSIDE Public Accounting.

“We are excited about welcoming our second merger in the Cincinnati market in the last 12 months. FB&D brings a wealth of expertise to our existing office and further enhances our technical capabilities within this important market,” says Brad Shaw, managing director of Blue & Co.

Earlier this year, Blue acquired Ossege Combs & Mann in a deal that closed July 1. Fleming partners Robert J. Findley, Sandra S. East, Kirk V. Fegley, Emily D. Merkle and J. Clay Deye will become partners in Blue & Co., bringing its total number of partners to 47, the Indianapolis Business Journal reported.

Shaw told the newspaper that mergers and acquisitions became a core part of the firm’s growth strategy in recent years, and it will undoubtedly continue because the company wants to remain independent.

“We’re a large firm, but we’re small enough to make quick decisions,” Shaw says in the Journal. “We don’t want to be a part of a larger firm because we feel it would stifle our entrepreneurship and slow us down. We like who we are.”

Ward Joins KatzAbosch as Partner

Tim Ward

Tim Ward

Timonium, Md.-based KatzAbosch (FY14 net revenue of $14.4 million) announces that Tim Ward has joined the firm as a partner

Ward offers a specialized range of tax and consulting services to the firm’s niche industry markets. He specializes in providing assurance, tax and business advisory services to clients in the government contracting, construction and real estate and technology industries.

Ward has assisted clients with banking and surety financing issues as well as profit and operational improvement. He has helped clients implement employee incentive plans and business succession plans. He has served in both a CFO role and for regional and international accounting firms.

He will be a key member of KatzAbosch industry practice groups and is active in many industry-related associations, the firm announced.

“Tim brings with him a wealth of expertise and insight into common and complex business issues. His involvement in the community paired with his innate ability to create and build relationships with his clients brings an extraordinary set of skills to our team,” says KatzAbosch CEO Mark Cissell.

Baker Newman Noyes Names New Director of Audit

Jeffrey Wheeler

Jeffrey Wheeler

Portland, Maine-based Baker Newman Noyes (FY14 net revenue of $29.8 million) has elected Jeffrey Wheeler as director of audit, effective Jan. 1, succeeding Carl Chatto, who has been named MP in the New Year upon the announcement of Eleanor Baker’s retirement in June 2016.

“This has been a tremendous year of growth for the audit practice,” says Chatto. “Our clients are facing constantly changing regulations and business conditions. Jeff is the perfect fit for this role given his active participation with the firm’s audit quality control, audit training and professional development committees.”

Wheeler, a principal in BNN’s Manchester, N.H., office, joined the firm nearly 14 years ago. He specializes in family businesses, private equity and venture-backed entities in the manufacturing, distribution, technology and service sectors.

“We routinely help clients address issues relative to compliance, complex accounting issues, mergers and acquisitions and internal controls. As director of audit I will continue BNN’s focus on quality control, and enhancing our audit processes and technology,” Wheeler says. “In addition, we will be further developing our recruiting strategy and personnel development to ensure a continued pool of talent to support our clients.”

SaxBST Appoints Guzior as PIC of Albany Office

Ronald Guzior

Ronald Guzior

Albany, N.Y.-based SaxBST (FY14 net revenue of $42.1 million) has appointed Ronald Guzior as PIC of the Albany office effective Jan. 1.

Guzior joined SaxBST’s predecessor firm Bollam, Sheedy, Torani & Co., and became a partner in 1998. Prior to being admitted as a partner, he served as a senior manager in the firm’s accounting and auditing department.

He specializes in non-profit organizations, construction contractors and closely held businesses. He heads the accounting and auditing department and is a member of the firm’s quality control committee and board of directors.

The Bonadio Group Admits Three to Partnership

Robert Fellinger

Robert Fellinger

Pittsford, N.Y.-based The Bonadio Group (FY15 net revenue of $79.2 million) recently admitted three principals to the partnership effective Jan. 1: Robert Fellinger, John McCurdy and Robert Urban. The promotions will bring The Bonadio Group partner leadership to 72 partners across the firm.

“Throughout our firm’s history, we’ve understood that superior leadership generates success,” says Thomas Bonadio, CEO and MP of The Bonadio Group. “These promotions recognize the high level of leadership that each of these individuals has already reached.”

John McCurdy

John McCurdy

Fellinger, Rochester, N.Y., office, focuses on tax compliance and strategies, financial statement compliance, and sales tax matters for his Small Business Advisory (SBA) clients. Fellinger joined The Bonadio Group in 2005, and has more than 18 years of public accounting experience. He is a highly effective mentor and leader of the SBA team. Fellinger also inspires loyalty from his clients, many of which have worked with him for more than 10 years, the firm announced.

Robert Urban

Robert Urban

McCurdy, Rochester, N.Y., office, is dedicated to handling SEC work as well as financial statement audits and internal control reviews in the firm’s commercial division. Joining The Bonadio Group in 2004, McCurdy began by focusing on tax-exempt clients. He has since transitioned into the commercial division, where he serves clients in various industries, including manufacturing and distribution companies.

Urban, Albany, N.Y., office, is a trusted advisor to clients and performs high-quality auditing, accounting and consulting services as a member of The Bonadio Group’s tax-exempt team. Urban joined The Bonadio Group as principal in 2012, bringing a rich and varied work background. Prior to joining the firm, he served as a sergeant in the U.S. Marine Corps.

NJCPA Members Appointed to State Board of Accountancy

The New Jersey Society of Certified Public Accountants (NJCPA) is pleased to announce that three of its members were recently appointed to the New Jersey State Board of Accountancy: Allison Dunko of Murphy, Miller & Baglieri, Joan E. Paciga of KPMG and Keith Balla of O’Connor Davies.

Additional appointments include a pair of public board members. They include Eileen Poiani, Ph.D., and Maria Vallejo.

All appointees to the state board are made by the governor of New Jersey.

Baldwin CPAs Merges with Anderson Bryant Lasky & Winslow

Richmond, Ky.-based Baldwin CPAs has expanded by merging in Anderson Bryant Lasky & Winslow (ABLW) of Louisville, Ky., effective Jan. 1.

Baldwin CPAs currently has an office in Louisville. By merging with ABLW, the firm adds 17 new employees including three new partners. The current Baldwin CPAs office will relocate to the existing ABLW office.

“The merger will allow for a greater presence in the Louisville marketplace as well as across the commonwealth of Kentucky and the addition of new services not currently offered by Baldwin,” says Alan Long, MP of Baldwin CPAs. “The firm’s synergy will allow us to better serve the current and future clients of both firms.”

Baldwin CPAs’ services include accounting for businesses and individuals, bookkeeping and payroll, tax planning and preparation, audits, business valuations, certified fraud examinations, forensic accounting and litigation services, employee benefit plan audits and wealth services.

“We are excited about our merger with Baldwin CPAs because it secures the future success of our staff and clients,” says Margaret Anderson, MP of ABLW.

Allan Koltin, CEO of the Koltin Consulting Group, who advised both firms on the merger says, “Baldwin continues to attract high-performing firms and practitioners with its great leadership and commitment to innovation.” He adds, “ABLW has built a great reputation in Louisville for going beyond the numbers and is known as a trusted business and financial advisor to their clients. Their talented group of associates and partners will be a welcome addition to the Baldwin family.”

ABLW offers 65 years of experience in audit, accounting, tax, pension administration and management consulting services, with niches in third party administration and retirement plans, as well as in not for profit.

Warren Averett Expands With Addition of Jinks & Moody

Birmingham, Ala.-based Warren Averett (FY14 net revenue of $114.2 million) continues to expand its Southeast presence with the upcoming merger of Jinks & Moody of Panama City, Fla.

This addition brings the Warren Averett firm to more than 800 team members, serving clients in offices across Alabama, Florida and Georgia.

The merger, effective Jan. 1, offers clients expanded reach and resources, service solutions and a strengthened depth of expertise, with the same level of client service, the firms announced Jinks & Moody focuses its practice on providing tax, accounting services, compilations, reviews and consulting services to individuals and business clients. The firm was founded by partner Russell Jinks in 1996.

“We have enjoyed a great working relationship with the Jinks & Moody firm for many years,” says Jody Henderson, Warren Averett Fort Walton Beach member. “This was a natural fit, as it expands our capabilities and resources, and opens up more opportunity for our clients and employees.”

“Joining Warren Averett makes sense as we are all working toward a common goal: to build a firm offering premier service to our clients, support for our communities and a dynamic place for our professionals to thrive,” says Jinks. “We will be in a better position to build long-lasting relationships by helping our clients and our employees attain their goals.”

Shechtman Marks Devor Joins Friedman

New York-based Friedman (FY14 net revenue of $78 million) is merging in Shechtman Marks Devor of Philadelphia, effective Jan. 1.

Founded in 1978, Shechtman Marks Devor offers specialty audit and assurance, tax planning and forensic, litigation and valuation services to an array of industries including: manufacturing, distribution, not-for-profit, professional services, construction, metals, health care and high-net-worth individuals.

As the two firms become one, Friedman will expand its presence in Philadelphia, while also growing key service areas that both firms specialize in.

With the combined locations, Friedman will have a staff of approximately 400, with more than 70 partners, which includes about 38 Shechtman professionals and nine partners.

“One of the most important things I can do as chief executive officer of Friedman LLP is help my team reach new markets and specialty areas through growing our business,” says Bruce Madnick, CEO of Friedman. “In the new year, I am truly excited to welcome new faces to the Friedman family as we work together to reach new heights as a team and to become further involved with the Philadelphia community.”

Chuck Shechtman, MP of Shechtman Marks Devor, says, “Their purpose, core values and culture mirror our own and this was a central focus for us as we made the decision to blend our teams. Joining Friedman LLP and combining our services and employees offer new business opportunities for our firms, our people and our clients.”

Barnes Dennig and Gauthier & Kimmerling to Join Together

Cincinnati-based Barnes Dennig (FY14 net revenue of $15.7 million) is acquiring Gauthier & Kimmerling of Indianapolis, effective Jan. 1.

The combination will help Gauthier & Kimmerling to provide broader resources to their clients and expand Barnes Dennig’s footprint in the tri-state region.

The combined firm will operate under the name Barnes Dennig. Projected total employee count will be 150. In its 50th anniversary year, Barnes Dennig was named an IPA Top 200 firm. This is the firm’s first office in Indiana. Barnes Dennig currently has offices in northern Kentucky and downtown Cincinnati.

“We know the additional resources they provide will help our clients solve more challenges and will provide them with more ideas,” says Kathy Ahearn, partner with Gauthier & Kimmerling. “People are the key to providing exceptional client service and this combination gives us more horsepower to train, recruit and retain our great people.”

With the combination, Barnes Dennig will have a director group numbering 21. The three principals of Gauthier & Kimmerling, Ahearn, Jeff Kimmerling and Eric Harber, will become Barnes Dennig directors and will remain in Indianapolis.

Barnes Dennig offers an array of services for closely held businesses and non-profit organizations. Specialized services include international tax and business services, employee benefit plan auditing, tax consulting, business valuations, fraud/forensic accounting, IT auditing and other services. The firm possesses special expertise in the manufacturing, wholesale-distribution, construction, non-profit, health care and service sectors. Gauthier & Kimmerling, founded in 1991, has special expertise in not-for-profit, health care, HUD and Section 42 low-income housing tax credits.

The combination of the two firms strengthens the market position of the combined entity and gives Barnes Dennig the critical mass that middle-market companies and large non-profits look for in service providers, the firm announced.

MP Steven Hube told the Indianapolis Business Journal that it’s been eyeing the “thriving metropolis” of Indianapolis for about 18 months. “In order to provide the depth of services to meet our middle-market clients, it’s all about talent, and the Indiana office provided [several] areas of expertise.”