Eide Bailly Acquires Davis Kinard & Co.

Effective Dec. 4, Fargo, N.D.-based Eide Bailly (FY17 net revenue of $269.4 million) will acquire Abilene, Texas-based Davis Kinard & Co., who will add 11 partners and 80 staff members to the firm. The acquisition marks Eide Bailly’s debut in Texas.

“We’ve had our sights set on Texas for a while, and Davis Kinard & Co. will be a great addition to the Eide Bailly family,” says MP and CEO Dave Stende. “Texas fits with our growth strategy to expand west of the Mississippi and gives us a greater presence in banking, government and nonprofit, which are prominent industries for our firm.”

“We’ll be able to grow with our clients by offering more resources and services like state and local tax, technology, forensics and cyber security. In addition, our staff benefit with greater opportunities to advance their careers through training and specialization,” says Russell Guthrie Davis Kinard & Co. president and CEO.