Archives for 2017

Grant Thornton Taps Eaton to Lead Supply Chain Management Practice

Jonathan Eaton

Jonathan Eaton

Chicago-based Grant Thornton (FY16 net revenue of $1.7 billion) welcomed Jonathan Eaton as the firm’s national supply chain management practice leader.

In this role, Eaton will oversee the delivery of the firm’s supply chain services offerings, including strategy and transformation, integrated demand and supply planning, strategic sourcing and procurement solutions, analytics and visibility solutions, as well as transportation and network optimization.

“Jonathan has a unique ability to help clients define their supply chain strategy in response to changing market conditions and other disruptive forces,” say Mike Ward, national managing principal of business consulting and technology. “Furthermore, he understands that each client need is different and that listening is the first step for finding a solution.”

Eaton has more than 20 years of experience counseling clients on rapidly changing business landscapes and developing supply chain strategies that support positive business results. He also has experience transforming supply chains in a variety of industries, such as consumer and industrial products, food and beverage, retail, auto, oil and gas, life sciences, technology and financial services.

Hawkins Ash CPAs Acquires Rochester Firm

La Crosse, Wis.-based Hawkins Ash CPAs (FY16 net revenue of $15.3 million) has acquired the tax and audit practice of Thomas Cummings of Rochester, N.Y. Cummings has joined the firm as a senior manager and will continue to work with his clients in Rochester.

“This acquisition is beneficial for all parties involved. The clients of Thomas Cummings will benefit from access to expanded services,” says Abe Leis, MP at Hawkins Ash CPAs. “This acquisition increases our firm’s presence in the southeastern Minnesota market and will allow us to grow at a rapid pace.”

Gorfine Schiller & Gardyn Acquires Tax Practice

Owings Mills, Md.-based Gorfine Schiller & Gardyn (FY16 net revenue of $13.7 million) has acquired John Lyons and his tax practice from Protiviti Inc., a subsidiary of Robert Half International.

Lyons will join GSG as an officer and Patrick Hom will join as a principal. Other members will join at the senior and staff levels. The merger contributes a total of six additional employees to Owings Mills office.

GSG offers accounting and tax services in a number of industries including construction, not-for-profit, real estate and employee benefit plans.

“John has a highly sophisticated tax practice that will only enhance our mission to deliver exceptional client service,” says Simpson Gardyn, managing officer of GSG.

BlumShapiro Admits Five New Partners

Christie Bluhm

Christie Bluhm

West Hartford, Conn.-based BlumShapiro (FY16 net revenue of $76.5 million) admitted five new partners: Christie Bluhm, Christopher Ernest, David Fontes, William Moore Jr. and Erum Randhawa.

“We are recognizing their outstanding leadership skills, strategic thinking, customer service and community involvement. They have consistently personified the mission, vision and values of BlumShapiro,” says Joseph Kask, CEO.

Christopher Ernest

Christopher Ernest

Bluhm has more than 15 years of experience providing accounting, auditing, tax and consulting services to manufacturers, distributors, construction contractors and professional service firms specializing in food and beverage manufacturers and distributors. Bluhm also has experience with audits and providing consulting services to businesses and their owners on financial and general business, buy and sell consulting, and tax planning.

David Fontes

David Fontes

Ernest has more than 12 years of experience providing accounting, auditing, tax and consulting services to privately held businesses in industries such as dealerships, manufacturing, distribution and retail. He also provides these services to non-profit organizations, including educational institutions, membership organizations, associations, and arts and cultural organizations.

Fontes has more than 13 years of public accounting experience providing tax, assurance and consulting services to clients in a wide variety of industries, including manufacturing, distribution, gaming and lottery, real estate, and jewelry and precious metals. He directs and performs specialized engagements for clients such as litigation support, financial projections, forensic analysis and various agreed-upon procedures projects.

William Moore, Jr.

William Moore, Jr.

Moore has more than 10 years of tax experience and oversees and coordinates tax compliance services for many of the firm’s corporate clients. His clients span industries such as construction, manufacturing, distribution and professional services.

Erum Randhawa

Erum Randhawa

Randhawa will be leading the firm’s forensic accounting and bankruptcy practices. She has extensive training in forensic accounting, litigation support and bankruptcy, and specializes in assisting counsel in complex fraud investigations, tracing and identifying fraudulent transactions and providing expert testimony. Her areas of expertise include marital and business dissolutions, shareholder and business disputes, embezzlements and bankruptcy.

BDO Names New Co-Leaders to International Private Equity Competency Center

Scott Hendon

Scott Hendon

BDO Global has named Scott Hendon, Jamie Austin and John Stephan as the new co-leaders of BDO’s International Private Equity Competency Centre (IPECC).

IPECC is a collaborative global initiative that connects private equity firms pursuing international investments with advisors based in their target countries. It has a network of more than 2,000 corporate finance professionals spanning more than 100 countries.

“Whether a private equity firm is looking to break into a new international market or sustain steady cross-border deal flow in familiar regions, it is essential to have a team of advisers on the ground, and IPECC is key to facilitating those connections,” says Hendon. “There’s no substitute for first-hand experience with a country’s specific regulatory requirements and tax structures.”

Jamie Austin

Jamie Austin

“There is a rich history of collaboration among BDO’s global private equity professionals, which equips our clients to excel in their international pursuits,” says Keith Farlinger BDO Global’s CEO. “I’m confident the new leadership team will continue to accelerate cross border collaboration across the firm.”

Hendon is leader of BDO USA’s private equity practice and on the board of directors of BDO Capital Advisors, the investment bank affiliated with BDO USA. With more than 31 years of experience providing tax consulting services, Hendon is involved in structuring and due diligence work for portfolio company acquisitions for strategic buyers and private equity funds.

John Stephan

John Stephan

Austin is a corporate finance partner and head of private equity at BDO United Kingdom.

Stephan is a partner in BDO United Kingdom’s mergers and acquisitions team and is the UK partner on BDO’s international mergers and acquisitions steering committee.

Two Boston-Area Firms Combine

Kenneth Freed & Company of Boston acquired the practice of Philip R. Dardeno CPA of Reading, Mass. Dardeno will become a principal in the combined firm.

“He [Dardeno] is a well-known expert in the Boston area and beyond,” says Charles Hulbert Jr. owner and partner of Kenneth Freed & Company. “Joining forces is an excellent opportunity, and is mutually beneficial toward succession planning for both parties involved.”

Kenneth Freed & Company, founded in 1979, has practice specialties in individual business and trust taxation, advisory services, and third-party attestation, while Philip R. Dardeno’s firm brings a wide variety of clients, as well as niche specialties in tax audits, appeals, planning, and state and local tax issues.

The firms were introduced by consultant Ron Loberfeld who specializes in mergers and acquisitions for small and medium sized firms.

CPAmerica International Announces 2018 Board of Directors

CPAmerica International has announced its 2018 board of directors. The new board will have its first meeting of the year at CPAmerica’s office Jan. 18 to discuss 2018 initiatives and other long-term goals.

Brian Malthouse, president and shareholder of Ft. Wright, Ky.-based VonLehman CPA & Advisory Firm, is the new chair of the board.

“Our firm and our clients have very much benefitted from our association with CPAmerica over the past 30 years. The opportunity to share experiences, best practices and ideas has improved all of our firms, and I am thrilled to support our members with new and exciting initiatives to bring even more value to the association,” says Malthouse.

Sharon Thompson, managing shareholder and leading partner of Ft. Myers, Fla.-based Hughes Snell & Co. has been elected to the vice chair and chair-elect position.

The three newly-elected board members include James Barrett of Meyers Brothers Kalicka, Gregory Hammonds of Whaley Hammonds Tomasello Accountants & Advisors and Frank Monaco of 415 Group.

Brown Edwards Acquires Gibbons & Kawash

Roanoke, Va.-based Brown Edwards (FY17 net revenue of $37.5 million) acquired Gibbons & Kawash of Charleston, W.Va., effective Jan. 1, 2018.

“We have known the professionals of Gibbons & Kawash for a very long time,” says Jason Hartman, MP of Brown Edwards. “In fact, we were both part of the same national alliance and realized early on we had a lot of similar philosophies in our approach to client service and a shared emphasis on professional development. This is a great opportunity to bring together some of the best multi‐disciplinary professionals in our field and leverage their talents to its advantage of our clients.”

“While we are very proud of the history of Gibbons & Kawash, we also recognized that the next step for our team and clients was to merge with a firm of comparable quality that would enable us to expand services to our clients. We look forward to staying on the cutting edge of the changes so prevalent in today’s financial and accounting services markets, ” says managing director Valerie Ellis. “Brown Edwards shares our commitment to helping our clients grow and succeed, and the merger will broaden and deepen our existing industry specializations, allowing us to offer more comprehensive business advice tailored to our clients, while enabling us to focus more on our specialized niche areas as well.”

AAFCPAs Admits O’Reilly as Partner

Janice O’Reilly

Janice O’Reilly

Westborough, Mass.-based AAFCPAs (FY16 net revenue of $26.7 million) admitted Janice O’Reilly as partner in the consulting division and head of the managed accounting solutions (MAS) practice.

O’Reilly has more than 30 years of experience. She started her career in public accounting, as an audit manager at Deloitte, and transitioned to private accounting. She has experience in strategic and financial consulting services to privately-held and public companies in diverse industries, including: software, technical services, digital media and professional services.

O’Reilly will lead and deliver CFO-level consulting solutions, including advice on international expansion, foreign subsidiary establishment, growth strategy, IPO, secondary offerings, mergers and acquisitions, joint ventures, capital raising and investor relationships.

“Janice’s diverse finance and operational management experience makes her a great fit to spearhead our fast-growing MAS practice, and she is perfectly aligned with our culture, mission and core values,” says Matthew Boyle, partner. “She knows how to assess, build and execute the ideal accounting function and her charisma and collaborative approach make her an extremely valuable and exciting addition to our consulting team.”

Marcum Admits Clark Assurance Services Partner

Adam Clark

Adam Clark

New York-based Marcum LLP (FY16 net revenue of $449 million) admitted Adam Clark as a partner in the technical review and quality control group of the assurance services division. He will be based in the Melville, N.Y., office.

Clark is responsible for establishing, implementing and maintaining the assurance policies and procedures and compliance with regulatory guidelines. In addition, he provides guidance to firm professionals on technical accounting and auditing matters.

Clark has more than 20 years of experience in accounting, auditing, internal controls, root cause analysis and regulatory oversight. He has an in-depth knowledge of generally accepted accounting principles, SEC reporting, and PCAOB auditing and related professional practice standards. His extensive experience spans multiple industries and technical areas, including oil and gas, manufacturing, retail, software, revenue recognition and business combinations. He also has experience with foreign private issuers and IFRS.