Search Results for: Brown Edwards

Brown Edwards Acquires Two Virginia Practices of Cherry Bekaert

Roanoke, Va.-based Brown Edwards (FY18 net revenue of $42.5 million) has announced the acquisition of two practices of Richmond, Va.-based Cherry Bekaert (FY18 net revenue of $194.7 million).

The deal, effective June 1, involves the Roanoke and Lynchburg, Va., practices. Cherry Bekaert partners Randy Burton and Richard Hedley in Roanoke will be joining Brown Edwards, as will most of the staff located in both offices. A significant number of Cherry Bekaert’s clients are also expected to transition to Brown Edwards.

“This acquisition not only solidifies Brown Edwards’ position as the largest firm in these markets, with 15 partners and 92 professional staff between the two offices, but also allows the Cherry Bekaert clients more local resources and access to immediate and local decision making,” says Brown Edwards CEO Jason Hartman. “As Brown Edwards continues to grow throughout the region, we feel these acquisitions demonstrate a firm commitment to the Roanoke and Lynchburg communities, our business and individual clients, and our employees in the area.”

An IPA 100 firm, Brown Edwards provides assurance, tax and business advisory services to a diverse clientele throughout Virginia, West Virginia, North Carolina and Tennessee. The Roanoke acquisition will result in a new office for Brown Edwards while the Cherry Bekaert office in Lynchburg will transition to the Brown Edwards office there.

“Through the efforts of many in our community, we are seeing great things happen in our local economy,” Burton says. “As evidenced by this investment by Brown Edwards, we are both committed to furthering and supporting that impact.”

More news from Brown Edwards

Yancey Bowman Joins Brown Edwards

Harrisonburg, Va.-based Yancey Bowman CPAs joined Roanoke, Va.-based Brown Edwards (FY18 net revenue of $42.5 million) on Dec. 1.

With this union, Brown Edwards will have over 350 associates in 10 offices – seven in Virginia, two in West Virginia and one in Tennessee. The partners and staff of Yancey Bowman will join the existing Brown Edwards office in Harrisonburg, Va.

“Over the years, Yancey Bowman has developed and grown valuable and well-respected specializations that fit with our mission to provide a wide variety of services to our clients. The additional resources of Brown Edwards will allow the merged firms to deliver these services to an expanded market,” says Jason Hartman, Brown Edwards’ CEO.

YB partner Richard Yancey says, “We are very proud of the quality and service we have delivered to our clients over the years and are excited to join a growing Top 100 firm that has a strong focus on not only the Harrisonburg area but also the entire region. We feel this change will allow us to continue offering comprehensive and personalized business advice tailored to our client’s needs. And, importantly, Brown Edwards shares our philosophy of focusing on the success of our clients.”

Brown Edwards Acquires Dixon Hughes Goodman’s Newport News, Va., Practice

Roanoke, Va.-based Brown Edwards (FY18 net revenue of $42.5 million) is acquiring the Newport News, Va., practice of Dixon Hughes Goodman, effective Oct. 31.

DHG Partners Hugh Barlow and Leslie Roberts along with most of the staff located in Newport News will become part of the Brown Edwards team and a significant number of DHG’s clients are expected to transition to Brown Edwards, which has a substantial client base in the area.

With these changes, DHG clients can be assured they will continue to work with experts they know and trust and the transition will be seamless, the firm says.

“This acquisition positions us to provide a greater depth of expertise and resources to serve our clients, especially those in the Hampton Roads area, strengthens Brown Edwards’ position as one of the largest independent CPA firms in Virginia, and expands our geographic footprint,” says CEO Jason Hartman. “More important, we are adding well respected partners and staff who have provided high quality service and value to the region over many years.”

An IPA 100 firm, Brown Edwards provides assurance, tax and business advisory services to a diverse clientele throughout Virginia, West Virginia and Tennessee. The Newport News office will be the seventh in Virginia and 10th overall.

“We look forward to becoming part of a growing Top 100 firm that has a strong focus on Virginia and the mid-Atlantic region,” says Barlow. “We feel this change will better allow us to continue offering comprehensive and personalized business advice tailored to our client’s needs with a local firm mindset.”

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.”

Brown Edwards Expands Service Offerings with Addition of New Director

Cindy Gross

Cindy Gross

Roanoke, Va.-based Brown Edwards & Company (FY17 net revenue of $37.5 million) welcomed Cindy Gross as a director in the information technology audit practice. She will focus on providing a full complement of value-added IT assurance and advisory services, ranging from traditional system audits and SOC engagements to penetration testing and Sarbanes-Oxley control evaluations. She will also apply her depth and expertise in the areas of disaster recovery and business continuity planning, vendor management and IT risk assessments. Gross will provide services to clients throughout the firm’s nine offices.

Prior to joining Brown Edwards, Gross was a director at a national firm where she provided IT audit and consulting services to a wide range of entities including financial services, technology and health care entities. She has more than 15 years of experience in system development and design.

2017 IPA 100 Firm Profile: Brown Edwards & Co.

Ranked No. 104 last year, Brown Edwards & Co. cracked the IPA 100 list this year with a ranking of No. 99. INSIDE Public Accounting asked MP Jason Hartman to offer his insights into his firm’s success, growth goals, top clients and predictions on how the accounting profession may change over the next 10 years. Congratulations to the entire Brown Edwards & Co. team.

Firm: Brown Edwards & Co.
MP: Jason Hartman
Headquarters: Roanoke, Va.
FY17 Net Revenue: $37.5 million
Organic Growth Rate: 4.5%
Total Staff: More than 275
No. of Offices: 9
Year Founded: 1967To what do you attribute your ability to become one of the largest accounting firms in the nation?

Put simply, for 50 years we have built a reputation for delivering superior service to our clients. In many ways we are a traditional firm, focusing on providing accounting, audit and tax services to our clients. We also, however, are highly consultative in our approach and the result has been significant growth in consulting, tax strategy and planning, and wealth management. Industry specialization has allowed us to develop extensive knowledge in specific practice areas; our clients in those industries benefit from that depth of knowledge.

Tell us about the types of services you provide to your top three clients.

Services provided to our top three clients are indicative of services we provide to clients throughout the firm:

Client 1 – Specialized accounting and outsourced CFO functions

Client 2 – Compilation, tax and strategy, and management consulting

Client 3 – Audit, SEC consulting, employee benefit services

What are your growth goals for the next five years?

Our goals for the next five years are to continue organic growth of at least 7% while continuing to look for strategic acquisitions. We believe our geographic footprint and client base will continue to expand, partially as a result of our industry specialization.

What type of client is an ideal fit for your firm?

One of the reasons for our growth is that we try to find the “right” kind of clients. We have found the client experience is enhanced when we work with clients who fit a certain profile we have developed over the years. Generally, our clients are successful and stable in their industry, understand and appreciate the value a relationship with a CPA firm brings, want and expect proactive solutions and advice, and are interested in achieving the right kind of results. We focus on mid- to large-size entities primarily as well as individuals with all manner of tax needs.

Can you predict how accounting firm services will change over the next 10 years?

We believe the need for compliance services will diminish, but never entirely go away. We expect the need for specialized consulting to increase. Continued advances in technology will change how we function and what we do, however we believe personalized service and focus on the client will always be critical to our success.

Brown Edwards Announces New Partners

Jason Ross

Jason Ross

Roanoke, Va.-based Brown Edwards & Company (FY16 net revenue of $32.2 million) has announced that Jason Ross and Billy Gilliam have been admitted to the partnership.

“Jason and Billy are both consummate professionals with extensive experience and a passion for client service. They will be excellent additions to the firm’s partnership,” says MP Jason Hartman.

Billy Gilliam

Billy Gilliam

Ross has nearly 20 years of public accounting experience with a focus primarily in providing accounting services in the financial institution industry, and Gilliam has been in public accounting since 1989. As a licensed CPA in both Tennessee and Virginia, he offers services to a diverse group of clients, both individual and corporate entities, consulting in taxation, auditing and accounting matters.

Brown Edwards Acquires Dixon Hughes Goodman in Roanoke

Roanoke, Va.-based Brown Edwards & Co. (FY16 net revenue of $32.2 million) will acquire Dixon Hughes Goodman’s Roanoke office, the company announced.

The 18 employees, including partners, and most of the clients of the Roanoke office of Charlotte, N.C.-based Dixon Hughes Goodman (FY16 net revenue of $394 million) will be absorbed by Brown Edwards on Feb. 1.

“This acquisition positions us to provide a greater depth of expertise and resources to serve the needs of our clients and strengthen Brown Edwards’ position as the largest independent certified public accounting firm in our geographic footprint,” Brown Edwards MP Jason Hartman says.

He said the staffs at the two firms have worked together over many years and have a similar “client-centric” approach.

“Bringing the local DHG office to our firm simply brings more resources to the table to accomplish that goal,” Hartman says.

Brown Edwards provides accounting services to businesses and individuals in Virginia, West Virginia and Tennessee. This acquisition will increase Brown Edwards’ Roanoke staff to 75 associates and 12 partners. Dixon Hughes Goodman is ranked No. 17 on the 2016 IPA 100 list of largest firms in the nation.

“While DHG will no longer maintain an office in Roanoke, we look forward to continuing to serve several clients in the Roanoke area as part of DHG’s national and regional industry focus,” says Gary Thomson, DHG regional MP.

Brown Edwards Names New MP

Jason Hartman

Jason Hartman

Roanoke, Va.-based Brown Edwards (FY16 net revenue of $32.2 million) has named Jason Hartman its new MP. He succeeds Domenic Pellillo, who served as MP for 16 years and will remain partner at the firm.

Hartman has managed Brown Edwards’ Roanoke office since 2008. He joined the firm in 1986, developing its local government practice and local government team. He also was responsible for building and leading the credit union practice, which expanded under his leadership to include clients throughout the region. Hartman also was instrumental in the firm joining the BDO Alliance USA.

One of Hartman’s main objectives is to continue the firm’s growth through acquisitions. “As we have grown, clients from outside our office locations have recognized the quality delivered by Brown Edwards and have sought us out,” Hartman says in a statement. “It is desirable from a client service and community involvement perspective that we have offices in those locations to better serve our clients.”

The firm has offices in Virginia, West Virginia and Tennessee.

Brown Edwards Admits New Partners

Sprouse_Laura_Brown Edward_2016

Laura Sprouse

Roanoke, Va.-based Brown Edwards (FY15 net revenue of $25.2 million) announced that Laura Sprouse and Tim George have joined the partnership.

“Laura and Tim have been integral in the growth of our firm. I welcome them to the partnership and look forward to their continued leadership fostering a successful and prosperous firm for the future,” says MP, Don Pellillo.

Tim George

Tim George

Sprouse is the firm administrator and her responsibilities include the information technology and training areas. She has more than 18 years of experience in public accounting and offers George serves in the assurance area of the firm. He specializes in accounting, taxation and various consulting services for privately held firms in the construction, engineering and design industries and has extensive experience dealing with employee benefit plans.