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Yount Hyde and Barbour Expands Construction Practice with Merger

Winchester, Va.-based Yount Hyde & Barbour (FY18 net revenue of $24.9 million) has merged in Woodcock & Associates of Fredericksburg, Va.

Scott Moulden, MP of Yount Hyde & Barbour (YHB), says in a statement that Woodcock & Associates has been an invaluable resource to its construction industry clients since its founding in 2000. “We expect the Woodcock team’s capabilities to enhance our already rapidly expanding construction industry niche.”

Woodcock provides a comprehensive range of assurance, outsourced CFO services and management advisory services.

“Both YHB and Woodcock have had a friendly relationship for many years. We knew the quality of work and relational approach they took to delivering client service,” says MP and president Jeanette Woodcock. “In addition, YHB has a large multi-regional presence with offices spread throughout, allowing us access to new markets. This provides our team with additional resources and specializations, which we see as a huge combined strength from the merger.”

The merger will make the Fredericksburg office YHB’s eighth location in Virginia. The deal will add 12 professional staff to YHB.

More news from Yount Hyde & Barbour

YHB Merges in Accounting Firm in Falls Church

Winchester, Va.-based Yount Hyde & Barbour (FY17 net revenue of $24.5 million) has merged in Murray Jonson White & Associates (MJW) of Falls Church, Va.

“With the partners and staff well-respected in the region and sharing a common client-centric approach, we know this will be a win-win for everyone,” says Scott Moulden, MP of Yount Hyde & Barbor (YHB). “In addition to expanding our geographic footprint closer to D.C., this helps position our staff to more easily serve the many clients we already work with in and around the area.”

MJW is a full-service CPA firm that has served the Washington, D.C., metropolitan area since its founding in 1959. The firm provides a comprehensive range of accounting and tax services to private sector companies, not-for-profit organizations, individuals and fiduciaries.

“Finding a partner that shared the same dedication to quality, client relations, community commitment and staff care was what helped make this an easy decision. We look forward to being able to offer our existing clients even more resources and industry experts as our two firms become one,” says Randolph Shapiro, managing principal of MJW.

The merger will make the Falls Church office YHB’s seventh location in Virginia. With the addition of MJW, YHB also expands its expertise in individual and business tax as MJW professionals provide a range of services to clients with complex and unique tax situations.

The MJW professional staff of 20 will be joining YHB and will continue to serve clients out of their current office in Falls Church.

W. Mark Rudolph Admitted to Partner at Elliott Davis

W. Mark Rudolph has been admitted to partner at Greenville, S.C.-based Elliott Davis (FY12 net revenue of $61.0 million). He will spearhead the firm’s business advisory and tax practices in the region as well as expansion of the Richmond, Va., office. Last year, Elliott Davis relocated its Virginia office to Richmond to be more centrally located to the firm’s clients across the state. Rudolph, former MP of Yount, Hyde and Barbour, will play a key role in meeting the goal of expanding the office to 50 professionals. The firm plans to recruit in all areas, including international services experts.

INSIDE Public Accounting Names The Nation’s Best Managed Accounting Firms – 2009

INSIDE Public Accounting’s Best of the Best Firms – 2009

INSIDE Public Accounting’s Best of the Best recognition honors 25 firms annually for their wise management and superior operational performance in fiscal and management metrics based on over 50 criteria. Another 25 firms are recognized with designations as Best of the Best Honorable Mentions. This is the 15th year INSIDE Public Accounting (IPA) has named the best-managed accounting firms. 245 firms participated in this year’s IPA Annual Survey and Analysis of Firms. Each of the firms is eligible for the IPA Best of Best and Best of the Best Honorable Mention designation, regardless of size.

“Best of the Best firms represent the top 25 accounting firms in the nation who each demonstrate the right combination of vision, planning and execution to deliver superior performance,” says Michael Platt, principal of the Platt Group and publisher of INSIDE Public Accounting. “Firms who earn this designation are tops in their field, and represent the best of what the accounting profession has to offer,” Platt says.

The 2009 Best of the Best and Best of the Best Honorable Mention firms range in size from $3 million to $168 million; represent all regions of the country; some firms are heavily focused on audits, some on tax, and several derive up to 40% of their revenues from non-traditional services.

Eleven of the 50 firms are from the West, 11 firms are from the Plains and Southwest; six are located in the Great Lakes region, 16 firms make up the Atlantic and Southeast region and six firms are located in the Northeast.

“The success of these firms is a tribute to the leadership of all of the firms recognized this year as a Best of the Best and Best of the Best Honorable Mention. Their stellar performance defies economic trends by recognizing the long-term goals that are needed in order to sustain growth through both prosperous times and down times.” says Kelly Platt, principal of the Platt Group and publisher of INSIDE Public Accounting. “We salute all of these firms and recognize their overall management strategies as models that the profession can be quite proud of,” Platt says.

Revenue growth of this group averaged 13%, compared to their peers at 7%. Income growth averaged 10.4%, significantly higher than the average of all firms at 4.3%. These firms carefully weave together benefit packages, staff salaries, expense management, staff leverage, training, strategic planning, investments in their future, and the right feedback systems to accelerate growth and success of their firms.

The 2009 25- Best of the Best Firms are listed in alphabetical order below:

Argy, Wiltse & Robinson, McLean, Va.; Armanino McKenna, San Ramon, Calif.; Aronson & Company, Rockville, Md.; Burr Pilger Mayer, San Francisco; Clark Nuber, Bellevue, Wash.; Corbett, Duncan & Hubly, Itasca, Ill.; Detweiler, Hershey & Assoc., Souderton, Pa.; Frazier & Deeter, Atlanta; Frost, PLLC, Little Rock, Ark.; Gollob, Morgan, Peddy & Co., Tyler, Texas; Grassi & Co., Lake Success, N.Y.; Hein & Associates, Denver; Holthouse Carlin & Van Trigt, Santa Monica, Calif.; Johnson Lambert & Co., Falls Church, Va.; Lane Gorman Trubitt, Dallas; Morrison, Brown, Argiz & Farra, Miami; Novogradac & Company, San Francisco; Padgett, Stratemann & Co., San Antonio; Rothstein Kass, Roseland, N.J.; SC&H Group, Sparks, Md.; Seiler LLP, Redwood City, Calif.; T R Moore & Company, Houston; Thompson Dunavant, Memphis; Whitley Penn, Fort Worth, Texas, and Yount, Hyde & Barbour, Winchester, Va.

For a more detailed look at the IPA Best of the Best, the Honorable Mentions and the Best of the Best by Region, please visit: www.insidepublicaccounting.com/bob2009.pdf

About INSIDE Public Accounting: IPA was founded in 1987, and is published by The Platt Group. Michael Platt and Kelly Platt are the principals of The Platt Group, located in Carmel, Indiana. INSIDE Public Accounting’s monthly newsletter, reports and analyzes the news, trends, strategies and politics that affect the nation’s public accounting firms, providing them with the information and resources they need to compete and operate more profitably.

You may order complete copies of the IPA Best of the Best, All-Stars or Top 100 firm issues, reprint information and pricing: (317) 733-1920; info@plattgroupllc.com