Search Results for: PBMares

PBMares Hires Managing Director for Transaction Advisory Services

Enrique C. Brito

Enrique C. Brito

Newport News, Va.-based PBMares (FY18 net revenue of $41.4 million) announces that Enrique C. Brito has joined the firm as managing director of its transaction advisory services team.

Brito will drive the strategy, growth and innovation of consulting solutions in mergers and acquisitions, business strategy, business intelligence, corporate finance, business valuation, due diligence and operational improvement. Brito has more than 25 years of experience with an extensive track record in leading M&A transactions for middle market clients. He has raised more than $1 billion in equity and debt capital from institutional sources for companies in the U.S., Mexico, Colombia, Venezuela, Argentina and Peru.

“In today’s professional services environment, you need to be intimately familiar with your clients’ and prospects’ financial habits, goals and objectives so you know what solutions to bring to them,” says Keith Wampler, leader of the firm’s consulting service Line and board chair. “Enrique’s background and experience has prepared him to form these strong relationships to fully understand their needs and provide value-added solutions to help them reach their goals.”

Brito has worked in investment banking, has co-founded an investment advisory firm and served as a partner and practice leader of corporate advisory services at an executive advisory firm. He then started his own consulting firm, where he advised middle-market clients on business strategy and M&A, two of his top specialties.

More news from PBMares

PBMares Welcomes Two New Partners

Benjamin “Bo” Garner

Newport News, Va.-based PBMares (FY17 net revenue of $40.7 million), an IPA 100 firm, has admitted two new partners.

Benjamin “Bo” Garner is based in the Newport News office, and Edward Yoder works from the Harrisonburg, Va., office.

“Both Bo and Ed have exemplified leadership throughout the firm for many years,” says Alan Witt, CEO. “In addition to their commitment to strengthening our practice, they are both committed to strengthening our profession. Their efforts to mentor aspiring young professionals is an example for others to follow.”

Edward Yoder

Garner has more than 11 years of public accounting experience and is the youngest to be named partner at PBMares. He started as an intern in 2007 and now leads the firm’s not-for-profit team and chairs the firm’s Innovation Council.

In addition to serving clients, Garner shares thought leadership as a guest columnist for GuideStar, Virginia Business and the Virginia Society of Certified Public Accountants’ (VSCPA) Disclosures. He is an active member of the VSCPA and the AICPA, and has won many awards. As an advocate for the profession, he mentors college students on careers in public accounting and their transition into the workforce.

Yoder joined PBMares in 2005 and has 20 years of public accounting experience. He serves a variety of closely held businesses, not-for-profit entities and consolidated corporate entities with multi-state filings. Yoder has delivered a variety of seminars and published articles for the firm. Most recently, he presented on the Tax Cut & Jobs Act covering the complexities of the new law and its implications to both individuals and businesses.

Santos Postal & Company Joins PBMares

Newport News, Va.-based PBMares (FY17 net revenue of $40.7 million), an IPA 100 firm, has expanded in Maryland through the addition of Santos Postal & Company in Rockville, Md.

PBMares, founded in 1971, provides a full range of accounting, tax and advisory services. Their client base consists of both domestic and international clients operating in and around Washington, D.C.

“This combination strengthens our presence in the region by capitalizing on the solid reputation Santos Postal has earned for so many years. Santos Postal’s experience in real estate, business valuation and business consulting complements our existing niche practices,” says Alan Witt, CEO of PBMares.

Charles Postal, MP of Santos Postal, says, “We have a long history of strong relationships with emerging businesses and entrepreneurial individuals in the Rockville community. Clients will still receive the same close personal attention they have come to expect from our team, but now they will have access to a wider array of solutions and broader industry experience with PBMares. PBMares has a very similar service philosophy and culture that will make our transition into the firm seamless.”

In addition, PBMares welcomes two Santos Postal partners into the tax and assurance practice leadership teams: Vicki Young will serve as the regional tax practice leader and Tony Orsborne will serve as the assurance practice leader. The combined team will work from PBMares’ office in Rockville.

PBMares Admits Irwin as Partner

Carolyn Irwin

Carolyn Irwin

Newport News, Va.-based PBMares LLP (FY16 net revenue of $37.5 million) admitted Carolyn Irwin as partner in the Fredericksburg, Va., office

Irwin joined PBMares in 2004 as a staff accountant. She’s a member of the firm’s tax research team and tax internal training team and has been instrumental in helping set the firm’s strategic plan as part of the strategic planning committee. Irwin is a tax specialist helping companies in the transportation, real estate and not-for-profit industries as well as high-net-worth individuals.

“Carolyn has distinguished herself in the areas of leadership, client service and technical excellence,” says Alan Witt, CEO. “In addition to helping her clients succeed, Carolyn is working to help us build an even stronger firm with her leadership capabilities. We appreciate the impact of her continued contributions.”

PBMares Announces Merger with Neuman & Associates

Newport News, Va.-based PBMares LLP (FY14 net revenue of $30.3 million) and Neuman & Associates LLC of Baltimore have combined effective Feb. 1.

Neuman & Associates is a specialty tax practice that strengthens the Baltimore practice under the PBMares name.

Ricka Neuman and Caroline Brocato are now principals of PBMares. They and their staff bring expertise in estate and trust and high-net-worth clients and simultaneously expand PBMares’ presence in the Baltimore market and Mid-Atlantic region.

“Our two firms have enjoyed a longstanding professional relationship for a number of years,” says Alan Witt, CEO of PBMares. “Neuman & Associates has an outstanding reputation and their core company values of providing high quality professional services in a responsive manner mirror our values at PBMares. We have great mutual respect for one another and see this combination as an enhancement for all involved, especially for the clients we serve.”

PBMares LLP Admits Three Partners

Jennifer French

Jennifer French

Newport News, Va.-based PBMares (FY14 net revenue of $30.3 million) has admitted three new partners: Jennifer French, a tax manager in the Williamsburg, Va., office; Todd Swisher, a senior assurance manager in the firm’s Richmond, Va., office; and Dan Chenoweth, a tax manager in the Newport News office.

Todd Swisher

Todd Swisher

French has more than 20 years of public accounting experience. For the past 15 years, she has focused on assisting land developers, contractors, not-for-profit organizations and real estate rental property owners.

Swisher has more than 20 years of public and private accounting experience. He is the firm’s hospitality niche leader and also is a member of the employee benefit plan and not-for-profit teams.

Dan Chenoweth

Dan Chenoweth

Chenoweth has more than 12 years of public accounting experience where he specializes in entity tax matters.  In addition, he has expertise with consolidated corporations and S-corporations, along with experience in the construction and oil and gas industries.

PBMares and TMDG Announce Merger

Two McGladrey Alliance member firms, Newport News, Va.-based PBMares LLP (FY13 net revenue of $29 million) and TMDG LLC of Baltimore, announced their merger effective Jan. 1.

“We saw a rare opportunity to affiliate with a premier McGladrey Alliance member firm that has a like-minded culture, shared business values and philosophies and complementary practice areas. This merger will enable us to expand our local and national health care consulting, employee benefit plan and not-for-profit practice by enhancing both the depth and breadth of the services we are able to deliver to our clients,” says Matt Dubnansky, managing director of TMDG.

TMDG will be a subsidiary of PBMares, led by Matthew Dubnansky as managing director of TMDG. PBMares will be the parent company operated under the direction of Alan Witt as CEO of PBMares.

“This combination significantly enriches our existing niche in employee benefits. We’re achieving our mission to be leaders in key specialty practices, growing strategically by anticipating clients’ needs in our marketplace,” says Witt. “It’s one way we differentiate ourselves and ensure our quality reputation. In addition to enhancing this specialty practice area, adding a Baltimore location will be a key piece in the expansion of our overall presence in the greater Baltimore/Washington market.”

PB Mares Hires Two Partners to Expand Retirement Plan Services

Newport News, Va.-based PBMares (FY18 net revenue of $41.4 million) has admitted two new partners to lead the retirement plan services team. Gary Kitts and Cindy Kochersperger will operate out of the firm’s Norfolk, Va., location.

“Their years of experience combined with their technical and industry knowledge will undoubtedly aid our growth,” says CEO Alan Witt. “They are problem-solvers and solution-providers and are valued resources for PBMares’ clients seeking retirement plan design, administration and audit services.”

Kitts has led a retirement plan third-party administration practice serving more than 1,200 plans. Areas of expertise include compliance services and employee benefit plan audits under the laws and regulations of the Employee Retirement Security Act of 1974, or ERISA, the IRS and the U.S. Department of Labor.

Kochersperger has served as a partner in retirement plan administration. Focusing on 401(k) and profit-sharing plans for businesses of all sizes, she consults with clients on plan design and assists with plan administration and compliance. Areas of expertise include daily valuation products, investment platforms and traditional balance forward plans.

The expanded PBMares practice includes administration services, benefit plan-related tax compliance services and a portion of its employee benefit plan audit services.

More news from PBMares

IPA INSIDER: 2015 March News

Listed below are the Top 10 most-read stories on the INSIDE Public Accounting blog for the month of March.IPA Logo - with tag line

  1. Cherry Bekaert Admits Martinez-Nadal as Partner
  2. Overheard At The 2015 Winning Is Everything Conference
  3. PKF North America Announces New Member Firms
  4. Spotlight Turns on Auditor of Major Jewish Charities After Financial Scandal Enmeshes Three Clients
  5. People at the Center of CPA Firm 2015 Top Issues
  6. Habif Arogeti & Wynne Now Accepting Bitcoin as Payment for Accounting Services
  7. Faulk & Winkler Partner Dies; MP Addresses Passing of ‘Rising Star’
  8. PBMares and TMDG Announce Merger
  9. Frazier & Deeter Expands Women’s Business Leadership Program
  10. Walsh Jastrem & Browne Merges with WithumSmith+Brown