Search Results for: MCM

MCM Hires Consulting Principal

Jim Gravitt

Louisville, Ky.-based MCM CPAs & Advisors (FY18 net revenue of $56.8 million) has recently hired James A. (Jim) Gravitt as a consulting principal and member of the valuation services team.

Gravitt is the former vice president of business valuations at Hilliard Lyons, a wealth management firm where he served for more than nine years. He will work across all five of the firm’s regional communities.

In this role, Gravitt will work directly with clients on business valuation, investigative accounting, damages assessment and other financial advisory services.

“Jim’s skills and experience are the ideal fit for MCM. In this role, he will allow us to continue building out our valuation services team so we can continue to develop the solutions and strategies our clients need to succeed in today’s competitive marketplace,” says Steve Kerrick, partner and advisory services team leader.

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Brad Smith Assumes MP Role at MCM CPAs & Advisors

Brad Smith

Louisville, Ky.-based MCM CPAs & Advisors (FY18 net revenue of $56.8 million) has transitioned the MP role to Brad Smith, the firm’s former assurance services team leader. Smith, who has been with the firm for the past 17 years, is replacing Diane Medley, who will assume the role of executive chairman at MCM.

They’ve been working together on the transition for the past year. “The accounting profession is evolving, and we’re responding to those changes, but I want to ensure we’re always building on the strong foundation provided by our firm’s founders,” Smith says.

Smith will lead the strategic direction of the firm for its nearly 350 employees who work across its five offices in Kentucky, Indiana and Ohio. He will steward MCM from a business perspective, lead client service and growth initiatives, and work with the firm’s partners and industry and service leaders to set and achieve short- and long-term objectives.

In her new role as executive chairman, Medley will remain with MCM full time and continue to work with select clients, manage firm governance and lead several strategic initiatives. She will also take on a strategic leadership role with Meritrust Wealth Management, an MCM-affiliated financial services firm that she originally founded. She will continue to represent the firm through her various community leadership roles.

Smith’s primary focus with clients is middle market growth-oriented companies in the manufacturing, distribution, services and construction industry niches. He is also active in community endeavors.

“I know that Brad will always have the best interest of MCM’s clients, partners and team members in the forefront of his vision and execution of strategy for the firm,” says Medley.

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MCM CPAs & Advisors and MCM Capital Markets Group Announce New Partners

Todd Hamilton

Todd Hamilton

Louisville, Ky.-based MCM CPAs & Advisors (FY17 net revenue of $54 million) has announced that Todd Hamilton and Angela Marshall have been admitted to the partnership group.

Hamilton will assume the role of assurance partner in the firm’s Louisville office. Marshall, will become a partner with MCM Capital Markets Group, an affiliate organization focused on providing mergers and acquisition consulting services. In their new roles, they will maintain their leadership roles within their particular industry niches, while expanding their efforts in new business development and support.

Hamilton’s primary focus is providing assurance services to clients in the manufacturing and distribution, transportation and logistics, distilled spirits, franchising and not-for-profit industries. In his new role as partner, he will be co-leading MCM’s transportation and logistics services team. He has been with MCM since 2007, though he has spent nearly 20 years in public accounting.

Angela Marshall

Angela Marshall

Marshall has been with MCM since 2015, working primarily in the firm’s Louisville and Cincinnati offices but generally providing transaction consulting services across the region. As a partner with MCM Capital Markets Group, her primary focus is in providing comprehensive investment banking and consulting services to companies engaging in the mergers and acquisition marketplace. In additional to public accounting experience, she has more than 20 years of experience in mergers and acquisitions, entrepreneurship, negotiation and strategy.

MCM CPAs & Advisors Joins with Kramer Consulting Inc.

Diane Medley

Louisville, Ky.-based MCM CPAs & Advisors (FY17 net revenue of $54 million) has joined with Kramer Consulting Inc. (KCI) of Crestwood, Ky., provider of outsourced IT consulting services, to form a new affiliate organization, MCM Kramer Technology Solutions.

MCM CPAs & Advisors will continue on as is, providing tax, assurance, accounting and consulting services to its clients in Kentucky, Indiana, Ohio and across the country.

“As MCM has developed relationships with our clients that go beyond traditional tax and assurance offerings, it has become increasingly clear that IT consulting and strategic, state-of-the-art technology solutions are the answer to many of the most pressing 21st century business challenges,” says MCM MP Diane Medley. “The MCM/Kramer partnership will allow us to continue raising the bar for our clients.”

KCI President Jim Kramer, who founded KCI in 1989, says, “We have decided to join with MCM because it will empower our team with more resources and capabilities, especially those within synergistic fields like risk advisory and compliance, which are becoming more important than ever for the businesses we serve.” The company, which has 23 employees, provides managed IT, cloud computing, security, data, hardware and software services.

MCM says the new organization will be able to provide a more holistic set of solutions to the challenges of the ever-evolving digital landscape. MCM Kramer will operate from KCI’s existing office in Crestwood.

MCM CPAs & Advisors Names Next MP

Brad Smith

Brad Smith

Louisville, Ky.-based MCM CPAs & Advisors (FY17 net revenue of $54 million) recently appointed its next MP. Brad Smith, MCM’s current assurance services team leader, will succeed current MP Diane Medley on July 1, 2019. This transition is a part of the Medley’s intended succession plan, aimed at providing a springboard for future leaders and allowing the firm to continue growing and serving clients well into the future.

“This is a testament to the dedication, thoughtfulness and leadership that Brad has shown in his nearly 16 years with the firm, and especially in his stewardship of MCM’s assurance services team,” says Medley. “Under his direction, MCM has a bright future ahead of it.”

Over the course of the next year, Medley and Smith will work together to gradually transition the role across all seven of the firm’s offices in Kentucky, Indiana and Ohio. Following the transition, Medley will remain with MCM full-time in the role of chair, where she will continue to work with select clients and serve in a strategic firm leadership position.

Smith has been with MCM since 2002. His primary focus with clients is middle market growth-oriented companies in the manufacturing, distribution, services and construction industry niches.

“I look forward to working with Diane and our partners as we continue to execute on MCM’s strategic plan,” says Smith. “I want to ensure we’re always building on the strong foundation provided by our firm’s founders.”

MCM CPAs & Advisors Merges with K. B. Parrish & Co.

Louisville, Ky.-based MCM CPAs & Advisors (FY16 net revenue of $48.7 million) merged with Indianapolis-based K. B. Parrish & Co. MCM has nearly 350 employees across five offices. The merger will allow MCM’s Indiana presence and geographic reach to grow extensively. Approximately 30 KBP employees, including four partners, will be joining MCM.

“It has been a long-term strategic goal of the firm to continue growth up the I-65 corridor and into Indianapolis,” says Diane Medley MCM MP. “Our industry and consulting expertise are great fits for the Indianapolis market, and by adding new members of the K. B. Parrish & Co. firm to our existing team, we’ll be able to continue raising the bar for all of our clients, with more expertise, more capabilities and more resources.”

“MCM’s mission is to help both its clients and its team succeed, providing a broad base of high-level expertise and service to those it serves, and a Best Places to Work-winning culture to its team members. I’m really looking forward to seeing what we can accomplish together,” says Rebekah Payne, KBP partner.

Founded in 1952, KBP has a strong focus in four core industry niches – auto dealerships, real estate, not-for-profits and employee benefits – all of which will dovetail with MCM’s current practices in these key areas.

They will offer a full suite of traditional tax, assurance and accounting services, along with in-depth knowledge in key areas for MCM, including auto dealers, real estate, not-for-profits and employee benefits. In joining MCM, new team members will not only expand MCM’s offerings, but greatly expand the company’s Indiana footprint.

MCM Admits New Partners in Jeffersonville, Louisville Offices

Kim Friend

Kim Friend

Louisville, Ky.-based Mountjoy Chilton Medley (FY14 net revenue of $39.1 million) has admitted three new partners: Kim Friend and Melanie Clark will be serving in the partner role in MCM’s Jeffersonville office, while Drew Chambers will do so in the Louisville office.

The trio will maintain their leadership roles within their particular industry niches, while expanding their efforts in new business development and support.

Melanie Clark

Melanie Clark

“As MCM continues to grow, we are eager to expand our leadership ranks,” says MCM MP Diane Medley. “Kim, Melanie and Drew have all been with us for several years, and each bring a unique set of skills and expertise to our firm. We’re excited to see them in these new leadership roles, and are eager to get them started on this new chapter in their careers.”

Friend’s primary focus is providing tax and consulting services to clients in the professional services and closely held business sectors. In her new role as partner, she will be leading MCM’s professional services niche. She has been with MCM for nine years, though she has spent more than 25 years in public accounting.

Drew Chambers

Drew Chambers

Clark has been with MCM for more than 18 years, and has recently moved into the director of accounting services role. Here, her primary focus is providing accounting services to clients in the closely held and emerging business sectors, and she will also serve as a tax partner practicing in the firm’s health care and business services niches.

Chamber’s practice focuses in MCM’s consulting group, where he performs business valuations, transaction advisory services, fraud and forensic analyses, and litigation support to attorneys regionally and nationwide. His experience in public accounting spans 20 years, and he spent a significant amount of time providing both tax and audit services to a variety of clients. He has industry expertise in construction, retail, distribution, natural resources and hospitality.

Katz Ferraro McMurtry Joins CLA

Katz Ferraro McMurtry (KFMR) has joined Minneapolis-based CliftonLarsonAllen (FY14 net revenue of $598 million), effective Nov. 1.

“It was all about opportunity and growth,” says KFMR MP John McMurtry in the Pittsburgh Business Times. “We’ve been approached many times and always dismissed it. We didn’t want to change our culture. But when we found these guys, it was uncanny how similar we are. We’re staying who we are in every meaningful way, but to tap into the resources of a large firm is something we couldn’t say no to.”

The name KFMR, launched in 1999, has been replaced by CLA, McMurtry says. “CLA’s team-based, highly collaborative culture is the deal-maker. As CLA, we see a fantastic opportunity to provide a wider range of solutions to help clients reach their goals — one that allows us to retain the culture on which we were founded.”

“KFMR and CLA share a simple, essential belief,” says CLA Chief Practice Officer Jeff Kvilhaug. “Our job is to stand beside our clients along the journey, and help at every step.”

Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger says that KFMR was courted by three Top 25 firms nationally – “all who wanted to enter the Pittsburgh market and felt KFMR would be the perfect platform to grow from because of their outstanding reputation as well as the young talent that existed at the firm.”

He says that the firm created a strategic plan to double in size, and leaders felt being part of a larger firm would be a quicker way to achieve the goal.

Although CLA is one of the 10 largest in the country, Koltin says it remains true to its roots and has a “whatever it takes” approach to solving client problems.

KFMR’s team of 30+ establishes a CLA Pittsburgh presence, and will remain in its current location to continue to serve clients locally and nationally.

MCM Admits New Partner

Andy Ackermann

Andy Ackermann

Louisville, Ky.-based Mountjoy Chilton Medley LLP (FY13 net revenue of $37.4 million) admitted Andy Ackermann as its newest partner in the company’s Jeffersonville, Ind., office. In this role, Ackermann will maintain his leadership role in the firm’s real estate services niche, while expanding his efforts in new business development and support.

“Our office in Jeffersonville is uniquely positioned to take advantage of the exciting opportunities offered by the growing southern Indiana market,” says Stephen Lukinovich, MCM’s Jeffersonville leader. “I’m looking forward to seeing Andy take advantage of his expertise, experience and position within the firm and community to continue to grow our firm’s real estate, valuation and small business services niches.”

Ackermann’s primary focus is providing tax services to clients in the real estate and emerging business sectors. With 13 years of experience with MCM, he has most recently served as a tax principal in both the firm’s real estate and small business services niches, with significant expertise working with real estate developers in affordable housing, community development and low income and historic rehabilitation tax credits. Andy is also a member of the MCM’s valuation team.

O’Connor Davies Announces Acquisition of Daniel J. McMahon Company

Harrison, N.Y.-based O’Connor Davies LLP (FY13 net revenue of $98 million) announced the acquisition of Daniel J. McMahon Company of Chappaqua, N.Y., effective Jan. 1.

“The addition of Dan and his team is further proof of O’Connor Davies’ commitment to providing our clients with services from the best and most talented professionals in our industry,” says MP Kevin Keane. “The knowledge and experience Dan and his team bring will bolster our diverse and expanding team of CPA experts as we continue our momentum of rapid and strategic growth into 2015.”

This addition is part of the O’Connor Davies’ growth over the past 24 months, in which it has increased its employee base from 399 to 550 across a variety of specialty practices. O’Connor Davies now has 90 partners throughout the Northeast.

“We have partnered with O’Connor Davies because of our shared focus and expertise in the needs of small to medium-sized family-owned businesses and the related tax issues for their owners, along with the tax and estate planning for high-net-worth individuals,” says McMahon. “We will continue to provide the same level of access and expertise our clients have come to expect and are thrilled to now have the depth and the breadth of O’Connor Davies’ services, which continues to increase each year.”