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.”