Search Results for: Aprio

Aprio Launches Restructuring and Turnaround Services

Greg Rayburn

Atlanta-based Aprio (FY18 net revenue of $96.1 million) has launched a new service line to help businesses that are facing a loss of revenue due to the COVID-19 crisis.

The firm has hired Greg Rayburn to lead restructuring and turnaround services, which help businesses and lenders increase efficiency and create liquidity to cope with reduced cash flow.

“As we see the number of distressed bonds continue to increase to the highest levels since 2009, it’s now more important than ever that we provide our clients and other stakeholders with the services, advice and strategies they need to save jobs and stabilize their businesses,” says MP and CEO Richard Kopelman. “Greg is an experienced restructuring executive, and his joining the firm represents our commitment to providing clients the best resources to build a solid future.”

Rayburn brings to Aprio over 35 years of experience partnering with troubled businesses to create and maximize value for their stakeholders. During his career Rayburn has served as chief revenue officer, CEO or board member of high-profile companies that include Hostess brands, WorldCom (now Verizon Communications), Magna Entertainment Corp., A&P and Sunterra Corporation. In 2010, Rayburn founded a private restructuring advisory services firm, Kobi Partners.

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Aprio Names New Assurance Practice Group Director

Matt Wise

Atlanta-based Aprio (FY18 net revenue of $96.1 million) has announced that partner Matt Wise has been named the director of the firm’s new assurance practice group, succeeding Frank Gudger.

Wise has advised clients in real estate and construction, manufacturing and distribution, transaction processing and professional services industries in accounting, reporting, compliance and internal control matters.

In his new role, Wise will be responsible for tapping into new forms of assurance services and technology to drive growth and innovation in audits. “By harnessing the power of advanced analytics and automation, we will drive greater efficiencies into the firm’s audit process to enable Aprio team members to more strategically advise clients,” Wise says.

Gudger says, “Matt is a contagious leader who is committed to the firm’s people, clients, technology and growth goals, making him well-positioned to lead the assurance practice as we continue to expand nationally.”

During his 16 years as the assurance practice group director, Gudger successfully grew both the revenue and number of team members within the practice. Over the past year, Gudger has also served as OMP in Birmingham, Ala., and will continue in that role.

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Aprio Adds a Partner to Expand Tax Services to Alabama

John Santamour

Atlanta-based Aprio (FY18 net revenue of $96.1 million) is expanding its tax compliance and specialty tax services throughout Alabama.

The expansion will be led by John Santamour, who has joined the firm and been admitted as a partner.

In 2017, Aprio combined with Yeager and Boyd in Birmingham, Ala., a firm focused on serving national public housing authorities. While the Birmingham office will continue to serve as Aprio’s public housing authority center of excellence, Santamour will work on expansion by working closely with assurance partner Rob Shirley, who specializes in manufacturing, retail, franchise and hospitality, construction and non-profits.

Under Santamour’s leadership, Aprio will expand its tax services to small to mid-market technology, real estate and manufacturing businesses, as well as non-profit organizations.

Santamour brings to Aprio a deep knowledge of tax provision work, tax compliance and income tax accounting and reporting requirements related to business combinations, spinoffs and divestitures. Prior to joining Aprio, he worked in a national practice at KPMG serving large companies in manufacturing, financial services and insurance.

“We’re fortunate to have such a capable leader like John join Aprio,” says Birmingham OMP Frank Gudger. “John will be instrumental in enabling us to achieve our growth objectives in the Birmingham market as we expand our services in this region to service new sets of clients.”

“There is so much growth in our state right now and companies are facing many new tax and regulatory changes as well as additional reporting requirements,” says Santamour.

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Aprio Admits Six Professionals to the Partnership

Atlanta-based Aprio (FY18 net revenue of $96.1 million) has announced that six professionals have been admitted into the partnership. 

This new partner class includes professionals across Aprio practices and specialty services including assurance, business valuation services, international tax, R&D tax credit services and wealth management.  

Half of Aprio’s new partners and directors are women, “demonstrating the firm’s commitment to diversity and inclusion and the importance of women in leadership roles,” the firm says. Many of the newly promoted team members participated in Aprio’s sponsor program, which recognizes and prepares future firm leaders, as well as other leadership development programs. 

Aprio’s newest professionals admitted to the partner group, include:  

  • Mike Callahan, chief financial and operations officer 
  • Justin Elanjian, assurance services, with a focus on non-profit and education, and real estate 
  • Meredith Kowal, R&D tax credit services  
  • Davi Kutner, wealth management 
  • Wendy Lu, international tax, Chinese practice leader
  • Carrie Zhou, business valuation services 

“Since 2013, Aprio has promoted 25 new partners and 12 new directors to support our tremendous growth, demonstrating the firm’s commitment to the development and advancement of our team members’ careers,” MP and CEO Richard Kopelman says. “Each of these individuals live the Aprio Way and consistently deliver client satisfaction, while being proven leaders that positively impact the clients we serve, the profession we represent and the communities we call home.”

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LBA Haynes Strand Combines with Aprio

Atlanta-based Aprio (FY18 net revenue of $96.1 million) has merged in Matthews, N.C.-based LBA Haynes Strand (FY18 net revenue of $9.3 million).

The combination of Aprio’s comprehensive services with LBA Haynes Strand’s deep presence in the Carolinas creates tremendous value for clients, the business and team members, the combined firm announced.

Nearly 70 LBA Haynes Strand team members across five North Carolina offices – Charlotte, Greensboro, Mount Airy, Winston-Salem and Asheboro – joined Aprio, including 13 partners. All team members operate from their North Carolina offices as Aprio.

The merger allows expansion of LBA Haynes Strand’s enterprise risk management, capital advisors and dental practices nationally, while offering clients access to greater specialty services through Aprio. The move helps Aprio expand its coverage in the Carolinas and its industry specializations in manufacturing and distribution, real estate, technology and education.

“The addition of the LBA Haynes Strand team expands Aprio’s technical depth and expertise, which will enable us to better help our clients navigate complex business challenges and achieve their growth and profitability goals,” says Aprio CEO Richard Kopelman.

LBA Haynes Strand CEO John Bly, who serves as the regional MP for the Carolinas, says, “In today’s business environment, our clients have a need for more sophisticated and specialized tax and consulting services. By joining Aprio, we gain access to more service offerings and resources that will benefit both clients and team members.”

Jeff Kapelus, president of Capstone Search Solutions, the advisor to both firms on the transaction, says, “Aprio and LBA Haynes Strand each share strong leadership, people-centric cultures, a focus on innovation, and a passion for client service and responsiveness that will undoubtedly make this combination a success for team members and clients alike.”

Since 2013, Aprio has combined with seven firms and plans more deals in the years ahead.

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Aprio LLP Admits Partner in Information Assurance Services

Brett Williams

Atlanta-based Aprio LLP (FY18 net revenue of $96.1 million) has hired Brett Williams and admitted him as a partner in the information assurance services group.

He will focus on serving the information risk and compliance needs of small to mid-market companies that are experiencing an increasing escalation of security compliance requests by providing attestation and certification reporting.

Dan Schroeder, PIC of the practice, says, “We can now leverage Brett’s expertise to grow our practice nationally and provide mid-market companies and their trading partners with the highest level of confidence that the appropriate measures are in place to protect their businesses.”

Williams joins Aprio from Grant Thornton where he served as the Southeast special attestation reporting practice leader. Williams has over 20 years of experience focused on business process and information technology controls, and he has served clients in a variety of industries.

“As businesses of all sizes continue to see an increased threat from cybersecurity-related activities, the work we are doing to protect these businesses is more important than ever,” he says.

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Aprio Combines with Outsourced Accounting Firm, Administrivia

Atlanta-based Aprio LLP (FY18 net revenue of $96.1 million) has combined with Administrivia, an outsourced accounting firm in Atlanta.

The combination is intended to expand outsourced accounting services through Aprio Cloud to include solutions for businesses of all sizes and industries. All Administrivia team members will be joining Aprio.

Administrivia, founded and led by Adam Rimes, will be now known as Managed Accounting Solutions, providing both onsite and remote support for businesses looking to outsource part or all of their accounting and finance function.

Aprio’s Managed Accounting Solutions team handles day-to-day accounting tasks so that clients can focus on growing their businesses. Clients have the flexibility to work across a variety of accounting platforms, including QuickBooks, NetSuite, Intacct, Xero and other industry specific tools.

Rimes has been admitted as a partner and will lead Aprio’s Managed Accounting Solutions team. “As part of Aprio, we can now offer clients best-in-class technologies to streamline their financial processes, and have it visualized in easy to understand dashboards to drive faster, better decision-making.”

Since 2013, Aprio has combined with seven firms, and plans to continue to make strategic acquisitions in the years ahead.

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Aprio Names Chief Growth Officer and Director of Advisory Services

Lee Fields

Atlanta-based Aprio LLP (FY18 net revenue of $96.1 million) has named Lee Fields as chief growth officer and has hired Marc Rosenkoetter as director of advisory services.

Fields joined Aprio in 2013 to lead the firm’s advisory services group and was admitted as partner in 2017. Given Aprio’s rapid growth and expansion, he will be responsible for driving growth programs for Aprio.

“As Aprio continues to grow and expand across the United States and globally, it is important to have a seasoned executive overseeing the multiple initiatives that drive the firm’s growth,” says Richard Kopelman, CEO and MP. “Throughout his career Lee has driven the growth of startups to global businesses in a variety of sectors.”

Marc Rosenkoetter

Rosenkoetter has joined Aprio as director of advisory services. Rosenkoetter comes to Aprio with a wide range of experiences, including entrepreneurship as a small business owner, and most recently from The North Highland Company. In his role at Aprio, Rosenkoetter will drive the growth and expansion of our CPA-led advisory firm, including the following practices: transaction advisory services, financial consulting services, business technology consulting services, litigation support and forensic accounting, business valuation and data analytics practices.

“Marc is an entrepreneur and strategic leader who understands how to grow, build and lead a high-growth consulting business,” says Kopelman. “Marc brings to the Aprio team strong process, communication and analytical skills that will enable Aprio clients to achieve what’s next for their businesses.”

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Aprio Continues to Expand Advisory Capabilities

Mark Mahre

Mark Mahre

Atlanta-based Aprio LLP (FY17 net revenue of $85.1 million) announced that it is expanding its consulting and advisory capabilities with the launch of Business Technology Consulting Services, led by Mark Mahre who will serve as director, and the hire of David Zafft as director, transaction advisory and business valuation services, to continue to address the needs of clients and prospects.

Aprio’s Business Technology Consulting Services offers strategic and tactical solutions that enable companies to streamline the management of technology investments and maximize ROI by improving existing systems and processes and designing and implementing new solutions. Hiring a business technology firm can help businesses develop their strategies, software, enterprise, etc. developing their company and helping them keep up to date with the latest changes within the business world.

Aprio’s advisors simplify technology transformations by providing guidance across a company’s entire technology landscape. Aprio ensures technology investments support business goals and strategies so that technology costs can be linked to specific business outcomes. The Business Technology Consulting Services team helps clients simplify cloud transitions, mitigate risk and establish IT Financial Management (ITFM) solutions that provide cost transparency.

Mahre has more than 20 years of technology consulting leadership experience. Prior to joining Aprio, he served for over a decade as MP of the U.S. for ClearCost Consulting.

David Zafft

David Zafft

“While Aprio has been performing Business Technology Consulting Services for clients for over 25 years, it is now time to take that to the next level. Mark has vast experience designing and leading enterprise-wide initiatives utilizing a wide variety of services including BPM, governance, technology, migrations and metrics to deliver leading-edge technology solutions for clients,” says Lee Fields, PIC of advisory services at Aprio. “We are excited to have Mark join the Aprio team to provide clients with the technology services they seek to take their businesses to their next.”

Aprio has also hired Zafft as a director within its Transaction Advisory and Business Valuation Services. In his role, he will assist clients in both buy-side and sell-side engagements, including aspects related to capital usage alternatives, investment preparation, transaction execution and closing support.

“At Aprio, it is our goal to provide our clients with the comprehensive services they need to grow profitably, whether those are advisory services or traditional tax and accounting services,” says Richard Kopelman, CEO and MP. “Aprio entered into the advisory services space nearly a decade ago and since then has launched a number of services including financial consulting, information risk management and assurance, blockchain, data analytics, management consulting and behavioral economics.”

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Aprio Launches Forensic and Investigative Services

Nicole Ponziani

Nicole Ponziani

Atlanta-based Aprio LLP (FY17 net revenue of $85.1 million) has launched a new team within its litigation support and forensic accounting services group – forensic and investigative services.

The team is led by Nicole Ponziani, who uses proprietary models to work with attorneys and clients in gathering evidence in the investigation of alleged “bad acts.” Her involvement includes the handling of internal and criminal investigations through subject interviews and tracing of assets with proven results.

Some examples of Aprio’s forensic and investigative services work include:

  • The Aprio team was engaged to investigate and analyze a multi-million-dollar asset misappropriation involving a financial institution. Hundreds of transactions and identified recipients were found to be fraudulent. Restitution was sought and the proper documents were provided to the regulators, insurance carrier and law enforcement.
  • The Aprio team performed an internal investigation on a multi-million-dollar private company. We identified a significant misappropriation of assets. Under our guidance the company rectified the inadequacies in their internal controls. A claim to their insurance carrier and a report to law enforcement was prepared.

Ponziani, with a degree in criminology, has more than 17 years of experience having worked with local law enforcement and fraud countermeasures compliance in areas such as fraud investigations, financial services regulatory compliance, FCPA, RICO, HR investigations, money laundering and Ponzi schemes.

“It is our goal to minimize the impact that an investigation has on our clients’ businesses operations,” said Howard Zandman, PIC of litigation support and forensic accounting services. “The forensics and investigative services team’s expertise in getting beneath the surface enables us to reach solutions efficiently and effectively and provide evidence that is clear, understandable and withstands the rigors of court.”

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