Enterprise, Ala.-based Carr Riggs & Ingram (CRI) (FY15 net revenue of $195.1 million) has merged in Babush Neiman Kornman & Johnson (BNKJ) of Atlanta (FY15 net revenue of $8.2 million).
BNKJ joins CRI’s Atlanta office and the expanded team becomes one of the top 15 largest accounting firms in Atlanta, the firms announced. CRI is located in 27 markets throughout Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Texas.
“The CRI-BNKJ merger marks our third Atlanta expansion in the last five years,” says William Carr, chairman and MP of CRI. “We are proud of the investments and advancements that our firm is – and will continue – making in this thriving city.”
The CRI-BNKJ merger strengthens CRI’s position as one of the nation’s leading benefit plan audit service providers. Collectively, the two firms perform more than 450 benefit plan audits annually. BNKJ can now deliver additional specialty services such as IT audits and assurance, as well as investment banking and service organization control (SOC) reporting to their clients.
“This merger furthers CRI’s strategic goal of being a major powerhouse in the Atlanta market and the Southeast – where we can expect the firm to continue expanding through organic growth, additional mergers and high-level strategic hires,” says Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger. “More than a dozen firms – national, regional and local – have approached BNKJ due to its client base and reputation in the market, but the BNKJ team felt that CRI provided the best culture fit and the best launching pad for their young talent and the greatest array of services for their clients.”