McGuire Sponsel, Ernst & Morris Announce Union

McGuire Sponsel of Indianapolis, a specialty tax and consulting firm, announced a merger with Ernst & Morris of Marietta, Ga., which specializes in cost segregation.

McGuire Sponsel also specializes in cost segregation, which is the process of identifying property assets in order to optimize depreciation deductions of federal taxes. The firm also focuses on various tax credits and incentives.

Firm leaders say the merged entity, which will operate as McGuire Sponsel, was “piloted by choice and a mutual opportunity to offer additional benefits to clients.”

TJ Sponsel, co-founder and managing shareholder says, “Beyond the combination of significant cost segregation expertise, we share important core values and the foundational belief that successful relationships are built on trust and integrity. We also share a commitment to serving clients with an unmatched passion for this business, focused on clients and meaningful collaboration.”

Ernst & Morris is one of the nation’s oldest and largest firms dedicated to cost segregation studies. The firm, founded in 1993, operates in all 50 states – for both CPA firms and property owners.

“Merging with McGuire Sponsel provides tremendous opportunity for our clients, beginning with access to additional practices and a seasoned research and development practice to complement our work in cost segregation,” says Alan Smith, managing director at Ernst & Morris.

“This is a substantial combination of industry forces,” says Gary Shamis, CEO of Cleveland-based Winding River Consulting. “McGuire Sponsel has quickly developed a national reputation for high-level advisory work, and Dave McGuire is a leading industry expert. Ernst & Morris is an industry pioneer and considered to be one of the top cost segregation boutique firms in the country. It’s a sizable concentration of technical expertise, proven track records and client-focused service.”