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Florida Construction Specialists Join CLA

Construction industry specialist firm Forehand & Associates of Orlando, Fla., has joined CliftonLarsonAllen LLP (CLA) (FY18 net revenue of $954.6 million).

“Joining the team at CLA allows us to continue to provide our construction clients with the same quality service we have provided for the past 26 years,” says Whit Forehand, MP of Forehand & Associates. “It also allows us to offer CLA’s deep experience in wealth advisory and outsourcing to our construction clients, and a wide range of quality audit, tax and consulting services to industries not currently served by Forehand & Associates.”

Forehand & Associates has focused exclusively on the construction industry and related enterprises since 1993, providing financial statements, income tax strategy, merger and acquisition consultation, litigation support and general business advice.

“This year, CLA was recognized as the No. 1 ranked construction accounting firm in the United States by Construction Executive,” says Les Eiserman, managing principal of CLA Orlando. “Welcoming Whit and his team deepens and reinforces our commitment to creating opportunities for our clients in the construction industry.”

Forehand says that for clients, the transition should be seamless. The seven former Forehand & Associates team members will continue to serve clients locally and nationally from Orlando, alongside CLA’s Florida team of nearly 300 professionals.

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Manny Trelles Joins CLA’s Real Estate Practice

Manny Trelles

Manny Trelles

Manny Trelles has joined CliftonLarsonAllen LLP (FY17 net revenue of $866 million) as a principal in the real estate practice.

Trelles brings more than 28 years of experience in real estate and partnership taxation to the firm, and has worked with private equity clients, family offices, residential and commercial real estate developers, real estate investment trusts (REITs), property and community developers, managers, and operators to structure tax-efficient transactions.

Trelles has in-depth experience overseeing the deployment of foreign source capital into U.S. assets, advising international clients on the acquisition, repositioning, operation, and disposition of U.S. real estate.

Trelles was most recently a tax advisor with MMT Advisory Services, and previously served as a tax partner with both regional and national CPA firms.

Seattle CPA Firm Watson McDonell Joins CLA

Lillian McDonell

Watson & McDonell of Seattle has joined CliftonLarsonAllen LLP (FY17 net revenue of $866 million).

“Building solid relationships is foundational to how we work,” says Lillian McDonell, MP of Watson McDonell. “Opportunities grow from the commitment we make to know our clients in order to help them get where they want to go. Joining CLA enables us to expand the ways we can help our clients now and into the future.”

For more than 30 years, Watson McDonell has served the Seattle area, providing audit and tax services to a broad array of small and medium-sized businesses, as well as individuals, with a focus on nonprofit organizations and affordable housing.

“We exist to create opportunities for our clients, our people and our communities,” says Paul Bailey, managing principal of CLA Seattle. “Welcoming Lillian and the experienced Watson McDonell team enables us to deepen that promise. In particular, it expands our nonprofit and low income housing industries — two key industries that we have been focused on and looking to expand throughout Puget Sound.”

The 15 former Watson McDonell team members will continue to serve clients locally and nationally from Seattle, expanding CLA’s Washington team to more than 340 professionals

CliftonLarsonAllen Acquires NSBN LLP

Minneapolis-based CliftonLarsonAllen (FY16 net revenue of $755.9 million) will acquire NSBN LLP (FY17 net revenue of $18.3 million) of Los Angeles, effective Jan. 1, 2018.

“A personal touch is what this business is all about,” says Ken Miles, NSBN MP. “Our clients trust us to guide significant and, often, personal decisions that affect their futures. CLA shares our belief that, in order to help someone, you have to first know them. That may sound simple, but, in practice, it shifts every interaction you have and uncovers meaningful opportunities to help.”

“My biggest reward is when I am able to give my clients information they didn’t have before,” says Dennis Ayers, NSBN partner. “Expanding our resources allows us to do more for our clients as they advance toward their unique goals.”

“For more than 60 years, clients have trusted NSBN to listen and act in their best interests,” says Larry Taylor, CLA chief practice officer, Southwest region. “We are committed to continue advancing that trust by listening closely to clients, in order to bring forward ideas that contribute to their success.”

Allan Koltin, CEO, Koltin Consulting Group, Inc., who advised both firms on the combination, comments, “NSBN saw the CLA platform as a great way to provide additional value added services to their clients and create a great growth opportunity for their people. NSBN is one of the most respected firms in Los Angeles with a wonderful tradition and culture and that is in large part what attracted CLA to them. CLA’s great leadership, innovation, and commitment to investing in talent, technology, and training have made them one of the firms that everyone wants to emulate.”

Mack Roberts & Company Joins CLA

Mack Roberts & Co. of Portland, Ore., joined Minneapolis-based CliftonLarsonAllen LLP (CLA) (FY15 net revenue of $650.7 million) on Jan. 1, marking the third merger in little more than a month.

Since late November, CLA has announced that Roseville, Calif.-based GALLINA (FY15 net revenue of $48.9 million) and The Bosma Group of Reno, Nev., would merge into CLA on Jan. 1 as well.

“For several years, we have worked with CLA to offer our clients capabilities that complement our team’s services,” says Vaughn Schneider, MP of Mack Roberts & Company. “We’re excited to join CLA, extend the trust we’ve established, and continue to offer the personalized, proactive, hands-on approach our clients have come to expect.”

“We believe in our clients’ dreams for their companies, their communities and themselves,” says CLA Seattle MP Paul Bailey. “Vaughn and the Mack Roberts team are known for the deep relationships they build with clients across generations – those connections are what allow us to support and guide our clients throughout their journey.”

The Mack Roberts & Company team will continue to serve clients locally and nationally from Portland, Ore.

Bosma Group Merges Into CLA

The Bosma Group of Reno, Nev., established in 2007 with the vision of pairing world-class accounting professionals with privately held growing businesses, joins Minneapolis-based CliftonLarsonAllen LLP (CLA) (FY15 net revenue of $650.7 million), on Jan. 1.

As previously announced, Roseville, Calif.-based GALLINA (FY15 net revenue of $48.9 million) will also join CLA that day.

“As businesses prosper in northern Nevada, they need more robust services,” says Mike Bosma, managing shareholder of The Bosma Group. “GALLINA and CLA provide a platform to tap into deep talent and many more capabilities, should a need arise. Most important, both firms share our entrepreneurial spirit and commitment to serving privately held businesses and their owners.”

The combined firm will be among the largest professional services firms in northern Nevada that focuses exclusively on closely held businesses. Says Bosma, “Business owers in northern Nevada want and need sophisticated, proactive planning. CLA has created a platform to better connect business owners and the professionals they need to help achieve the success they desire.”

“Mike and the Bosma team act to help private business owners build a valuable and sustainable business,” says Larry Taylor, MP of GALLINA and incoming chief practice officer at CLA. “Together, we strengthen our ability to serve the business community, every step of the way.”

GALLINA to Become CLA in January

Roseville, Calif.-based GALLINA (FY15 net revenue of $48.9 million) is merging into Minneapolis-based CliftonLarsonAllen LLP (CLA) (FY15 net revenue of $650.7 million) on Jan. 1.

GALLINA will assume the CLA name, and Larry Taylor, MP of GALLINA, will serve on the CLA leadership team as chief practice officer. GALLINA, after a series of mergers over the years, now has 12 offices in California, Utah, Washington and Nevada, and specializes in construction and real estate.

The CLA merger is expected to double expertise in those areas, as well as strengthening capabilities in agribusiness, manufacturing and distribution, and many other industries. CLA is ranked No. 9 on the 2016 IPA 100 list of largest firms in the nation.

“By joining CLA, we have an ability to better serve our clients by bringing them a greater depth of service offerings through more robust resources,” says Taylor. “This will also provide exceptional growth and expanded career opportunities for our team members in tax, audit and consulting.”

GALLINA regional MP Teresa Arrighi says, “I am confident the clients we serve will value the expanded seamless integrated capabilities our combined firms offer.” Arrighi will join CLA’s construction and real estate executive team.

“There is tremendous synergy between the GALLINA and CLA teams,” says CLA CEO Denny Schleper. “Together, we remain committed to serving privately held businesses and their owners with deep industry knowledge, striving to offer integrated capabilities that exceed our clients’ expectations.”

Allan Koltin, CEO of Koltin Consulting Group who advised both firms on the merger, says GALLINA met with five or six national firms and selected CLA, which has a culture, strategy and client service philosophy “identical” to GALLINA’s. “The obvious benefits were the additional industry niches and the ability to offer other services in its construction practice.” Also, the merger provides growth opportunities for future leaders, he said.

GALLINA’s team of more than 300 professionals will continue to serve clients locally and nationally from their locations in California, Nevada, Utah and Washington. Its Rancho Cordova, Calif., office is being combined with its headquarters office in Roseville, where nearly half of GALLINA’s professionals work.

CLA Trust Company Expands Wealth Transfer and Succession Options

Minneapolis-based CliftonLarsonAllen (FY15 net revenue of $650.7 million) has introduced CLA Trust Company, LLC, which offers high quality, cost-effective, professionally administered trust services in all 50 states to help individuals and business owners fulfill and protect their wealth succession plans.

“CliftonLarsonAllen is all about helping the person across the table from us reach his or her dreams and build the better world that he or she envisions,” says Denny Schleper, CEO of CliftonLarsonAllen. “Providing quality trust services in a seamless and integrated approach is another way we are living that promise. By tying trust services into our wealth advisory capabilities, we can provide multiple options for our clients.”

Trusts are a critical component of many business succession and wealth transfer plans. CLA can now provide a wide range of solutions, from the simple life insurance trust to more sophisticated funded trusts that are used for carrying out legacy plans.

Trusts that are accepted upon review are directed trust, delegated trust, successor trust, revocable/irrevocable trust, irrevocable life insurance trust, testamentary trust, credit shelter trust, asset protection trust, dynasty trust and qualified personal residence trust.

CLA Trust Company is chartered in South Dakota as a wholly owned subsidiary of CliftonLarsonAllen LLP. Through a strategic relationship with South Dakota Trust Company, LLC, the firm is able to take advantage of the state’s favorable trust asset protection, income tax, and privacy laws.

CLA Acquires Peto & Co. and Repanich & Clevenger CPAs

CliftonLarsonAllen ImageMinneapolis-based CliftonLarsonAllen LLP (CLA) (FY15 net revenue of $650.7 million) has acquired Peto & Company CPAs PLLC of Tuscon, Ariz., and Repanich & Clevenger CPAs of Bellevue, Wash., on July 1.

“Capabilities and culture matter,” says Peto & Company’s Loretta Peto. “We chose CLA because of the vast resources it has to offer our clients and our team, and the down-to-earth manner in which the team operates. It is a great match, and we look forward to continuing to serve our community together, as CLA.”

Peto & Company’s team alongside CLA’s team totals more than 70 professionals in Tucson and strengthens CLA’s presence in the area.

For more than 20 years, Repanich & Clevenger has served organizations both large and small. CLA aims to retain the agility to serve clients of all sizes and locations, while at the same time bringing an unparalled depth of capabilities, all in one place.

Mick Repanich, along with director Lyell Fracas, join CLA’s team of more than 100 in the Seattle area to strengthen CLA’s presence there.

Bruner Cox LLP Joins CLA

Bruner Cox LLP, with offices in Akron and Canton, Ohio, will join Minneapolis-based CliftonLarsonAllen (FY14 net revenue of $599 million) on June 1.

Bruner Cox’s team of 80 will continue to serve clients locally and nationally from their current locations in Akron and Canton.

Bruner Cox MP Steve Pittman says, “Devotion to clients has been in our DNA since day one. This means that everything we do is designed not to simply fulfill a request, but to strengthen the individuals and organizations we serve. We chose to join the CLA team because we see that promise to serve reflected in every interaction we’ve had together.”

Allan Koltin, CEO of Koltin Consulting Group who advised Bruner Cox on the merger says Bruner Cox could have remained independent, but felt CLA’s depth and industry expertise would provide tremendous value for their clients and growth opportunities for staff.

“CLA has become the envy of the Top 15 firms in the country in that they continue to grow at a record pace but also maintain outstanding profitability and a great culture for attracting and developing high performing talent,” Koltin says. “CLA is heavily committed to building out the Ohio valley region and I wouldn’t be surprised to see other mergers here in the near future.”