Cleveland-based Cohen & Company (FY14 net revenue of $42.3 million) has acquired GHD CPAs and Advisors of St. Clair Shores, Mich.
Mirroring the primary services of Cohen & Company, GHD offers tax, accounting and a host of business advisory services to privately held, middle-market companies in the greater Detroit area.
“The synergies we share with GHD are truly remarkable,” says Rob MacKinlay, president of Private Company Services at Cohen & Company. “GHD joins us with more than 90 years of providing entrepreneurs and privately held companies with top technical expertise and excellent client service. They also have a strikingly similar cultural environment rooted in Midwestern values that makes us very excited about the future with them.”
“The path we took to this decision was thoughtful and strategic,” says Steve Guarini, president of GHD. “We carefully considered the best interests of our clients, our staff and our community. We know that teaming with Cohen & Company will provide even greater technical depth and value to the privately held clients we have served for so many years, and for our staff who will find more opportunities to grow and learn in a culture they can continue to be proud of.”
Cohen & Company with its affiliates was ranked the 75th largest accounting firm by INSIDE Public Accounting in 2015. The combined firm will have revenue greater than $65 million and more than 400 employees. The current leadership team of GHD will continue in Detroit, and also will be involved in firm-wide leadership. GHD will be adopting the Cohen & Company name, effective Feb. 1.