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Hancock Askew Admits John McElderry as Partner

John McElderry

Savannah, Ga.-based Hancock Askew & Co. (FY19 net revenue of $19.0 million) has admitted John McElderry as partner.

McElderry joined the firm as a principal in January 2019 through the merger of McElderry & Associates, bringing over 25 years of professional experience in areas such as tax compliance and planning, mergers and acquisitions, disposal and sell side assistance, initial public offerings, financial statement audits and SEC filings.

“This promotion recognizes John’s outstanding accomplishments and his commitment to our firm and core values,” says MP Michael McCarthy. “We look forward to many years of continued leadership together for our clients, community and our employees.” 

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Hancock Askew & Co. Launches IT Security Consulting Firm

Savannah, Ga.-based Hancock Askew & Co. (FY19 net revenue of $19 million) announced the launch of Abricto Security, a new entity providing information security consulting and solution services with specializations in penetration testing and cloud security.

Led by IT security subject matter expert and consultant Cornel du Preez, Abricto Security will assist clients with custom security assessments and act as a long-term IT service-related partner. The goal is to strengthen an organization’s security posture while identifying and mitigating real-world business risks.

“The creation of Abricto Security and our expansion into the world of IT security is another monumental step in our firm’s strategic plans to grow our advisory service offerings,” says Hancock Askew MP Michael McCarthy. “We will now be able to offer new and existing clients these vital security assessments and services that will help protect them from cyber threats.”

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Hancock Askew & Co. Announces the Formation of Clarity Capital Advisors

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) has launched a wholly-owned subsidiary, Clarity Capital Advisors, which offers small and medium-size businesses advice on mergers and acquisitions, general corporate finance and other issues.

Hancock Askew MP Michael McCarthy says, “At Hancock Askew, we are keenly aware of the shift in the accounting industry to provide more than just traditional compliance services to clients. Through the addition of Clarity Capital Advisors and the experience of the team leading the new firm, we continue to be at the forefront of expanding our service offerings and increasing our footprint in the marketplace.” 

Clarity Capital Advisors assists clients with determining appropriate sources of debt and equity capital. Additionally, it provides financial advisory services for management buyouts, recaps and for a strategic alternative review analysis.

Clarity Capital Advisors is led by Steve Keaveney and John Stanier. Mary Roberts, managing director of Hancock Askew’s transaction and business valuation practice, will also provide leadership support.

Stanier says, “I am excited to help launch Clarity. Steve and I have been successful in building value for shareholders through a number of creative capital markets transactions beginning with our first venture together in 1994.” Clients range from an early-stage business with break-even operations to $5 million plus of EBITDA (earnings before interest, tax, depreciation and amortization). Typical enterprise values ranging from $10 million to $150 million, Keaveney says.

Hancock Askew has offices in Georgia and Florida and a staff of over 150 professionals. The firm is an independent member of the BDO Alliance USA.

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Hancock Askew Announces Promotions

Patricia Siles

Patricia Siles

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) has admitted two professionals to the partner group, Patricia Siles and Grey Bell, and promoted Alfredo Reynoso to principal.

MP Michael McCarthy says, “These promotions recognize Patricia, Grey and Alfredo’s outstanding accomplishments and their commitment to our firm and core values. Additions to the leadership team like these are key to the future of the firm and we look forward to many years of continued leadership together for our clients, community and our employees.”

Siles is a tax partner in the Miami office, with more than 21 years of experience. She has been with Hancock Askew since May of 2016. She spent the first 18 years of her career with a regional firm based in Coral Gables, Fla. She concentrates her tax practice on business, individual and international tax clients.

Grey Bell

Grey Bell

Bell, a tax partner in the Atlanta office, has 15 years of experience in public accounting. He has been with Hancock Askew since 2015. His practice focus is providing proactive business and tax advisory services for closely held businesses, partnerships, corporations and high-net-worth individuals.

Reynoso is now an audit principal in the Miami office and has over nine years of experience in public accounting. He began with Hancock Askew in 2016 at the opening of the Miami office. His area of expertise includes financial statement audits, compliance audits, internal audits and merger and acquisition assistance for both private and public companies.

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Hancock Askew & Co. Grows Transaction & Valuation Practice

Kevin Wilson

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) announces the addition of two senior executives to the transaction and business valuation practice – Hancock Askew Advisors. The team now consists of five certified advisors.

Kevin Wilson and Sarah DeKreek have joined the team as directors of business valuation. Wilson will work from the Miami office and DeKreek will be located in the Atlanta office. Both will serve clients across all markets for business valuation services for tax, real estate, financial reporting, and transactional advisory and litigation support. They will also specialize in providing valuations for purchase price allocations, buy-sell agreements, succession planning, ESOPs and estate planning.

Sarah DeKreek

Hancock Askew Advisors is led by director Mary Roberts, who says Wilson and DeKreek will strengthen the firm’s reach and knowledge base and allow for further expansion of the practice. “Their depth of knowledge and experience in business valuations will add immense value to each engagement and I’m looking forward to working with them.”

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McElderry & Associates Joins Hancock Askew & Co.

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) and Atlanta-based McElderry and Associates have announced a merger.

With this merger, Hancock Askew will have two offices in Atlanta, as well offices in Augusta, Ga., Savannah, Ga., Miami and Tampa, Fla.

McElderry & Associates, led by founder and managing director John McElderry, specializes in tax, financial accounting, management consulting and QuickBooks® services to various clients including high-net-worth individuals, real estate firms, restaurants, and medical and dental practices. These specialties complement existing niche service areas at Hancock Askew.

McElderry says, “My team is excited for the opportunity to provide additional services and work with professionals in various specialties, while ensuring we maintain excellence in customer service and quality of work.”

Michael McCarthy, MP of Hancock Askew & Co., says, “John has significant experience in M&A and transaction work as well as complex tax work for small businesses and high-net-worth individuals.”

Atlanta’s OMP Russell Reece says, “The addition of John McElderry and his team to our Atlanta footprint falls in line with our strategic plans to continue to grow and expand our services for businesses and individuals in the region.”

Brand Tax Group, Hancock Askew & Co. to Merge

Michael McCarthy

Savannah, Ga.-based Hancock Askew & Co. (FY18 net revenue of $15.7 million) and Brand Tax Group of Tampa, Fla., have announced a merger. Hancock Askew will open an office of Tampa, Fla., in addition to offices in Savannah, Atlanta and Miami.

“This merger allows our firm to further expand our reach into Florida,” says Michael McCarthy, MP of Hancock Askew. “The experienced technical accountants who will join our team from Tampa will allow Hancock Askew to continue increased growth and success in the Southeast region.”

Kristen Brand

Brand Tax Group provides tax, accounting and payroll services and specializes in Florida certified sales tax audits and franchise business services, a statement announcing the merger said.

The merger with Hancock Askew provides Brand Tax Group clients with expanded value and services “while maintaining our signature approach of excellent client service,” says Kristen Brand, managing director of Brand Tax Group.

In Georgia and Florida, Hancock Askew employs over 100 professionals.

Hancock Askew & Co. Admits Two Partners

Allen Akins

Allen Akins

Savannah, Ga.-based Hancock Askew & Co. (FY17 net revenue of $14.5 million) has admitted Allen Akins and Greg Ameden to the partnership.

MP Michael McCarthy says, “Succession planning is a priority at our firm and promotions like these are key to the future of the firm. We are very pleased with these additions and we look forward to many years of continued work together for our clients, community and our employees.”

Ameden is now a partner in the Atlanta office and has more than 15 years of experience working in various information technology environments. He leads the firm’s IT-related internal audit, risk advisory and System and Organization Controls (SOC) reporting service. In his role, he helps clients identify and evaluate IT risk, implement cost-effective controls and monitoring strategies, improve execution and performance, and provide assurance to their customers and other external parties.

Greg Ameden

Greg Ameden

Akins is now a partner in the Savannah office. He joined Hancock Askew in 2006 and has more than 10 years of experience in public accounting. His primary focus is auditing financial statements of businesses for a variety of industries, including both publicly traded and privately held companies. He is also a certified valuation analyst and performs business valuation and transaction advisory services and has extensive experience with mergers and acquisitions, estate and gift tax valuations, buy-sell agreements, purchase price allocations and impairment tests.

Hancock Askew & Co. Expands Miami Team

Hancock Askew & Co. LLP_2016Savannah, Ga.-based Hancock Askew & Co. LLP (FY15 net revenue of $11.1 million) continues its expansion in Miami with the addition of new team members after opening its doors this February.

The continued growth of the new office accomplishes the firm’s goal to provide additional resources, both technically and geographically, for its growing client base in the Southeast region, the firm announced.

“As our Miami team grows, Hancock Askew will continue to establish itself as an excellent technical resource for businesses and individuals in the South Florida community. We are positioning ourselves to make a significant impact in the marketplace,” says Mike McCarthy, MP, Hancock Askew.

Carlos Garcia, OMP of the new office, has more than 25 years of experience in both public accounting and private business. Garcia started his career at Deloitte & Touche LLP and has gained significant experience in the areas of auditing, merger and acquisition assistance and consulting as it relates primarily to real estate, health care, restaurants and hospitality, manufacturing, not-for-profits, professional services and technology.

IPA INSIDER: February 2019 News

Listed below are the Top 10 most-read stories on the INSIDE Public Accounting blog for the month of February.

  1. Grant Thornton Appoints Director for Advisory Services
  2. WSJ: Former Partner at KPMG Faces Trial in PCAOB Scandal
  3. IPA Vendor Spotlight On . . . Steve Templeton
  4. Tucker & Tucker And Rea & Associates Eye May 1 Merger Date
  5. Seattle CPA Firm Watson McDonell Joins CLA
  6. Barnes Dennig Joins With Two Firms
  7. McElderry & Associates Joins Hancock Askew & Co.
  8. Mazars USA Key Leadership Changes
  9. Prager Metis Combines With Beck Villata & Co.
  10. KROST Announces Merger with Gaynor & Umanoff