Moore North America Announces Tony Caleca as Chair, Appoints Three New Members to Executive Board

Matt Armanino

The accounting network Moore North America (Moore NA), one of eight regional members of Moore Global Network Limited (MGNL), has voted for three new members to join the Moore NA executive board.

“Our membership in Moore has been invaluable,” says Matt Armanino, CEO at San Ramon, Calif.-based Armanino LLP (FY18 net revenue of $267.2 million). “It has allowed us to expand our relationships and capabilities across the network. As a board member, I look forward to helping Moore continue to differentiate itself as client-centered organization during this time of incredible change in our profession.”

In addition to Armanino, Moore NA appointed the following board members, effective Jan. 1: Alan Badey, president and MP of the headquarters office at New York-based Citrin Cooperman (FY18 net revenue of $277 million), and Greg Hutchins, partner at Los Angeles-based Holthouse Carlin & Van Trigt (FY18 net revenue of $150 million).

Alan Badey

“Citrin Cooperman has been a member of Moore NA for almost a decade during which I have seen both our firm and the network evolve alongside each other,” says Badey. “I am proud to have been appointed to the board of Moore NA and am looking forward to working together on opportunities to focus on the future for us, our clients and communities.”

Hutchins says, “As a board member, my goal is to help drive more effective collaboration and knowledge sharing among our member firms. We learn from each other, regardless of the size of the firm, and that is the power of the association.”

Greg Hutchins

Tony Caleca, MP at St. Louis-based Brown Smith Wallace (FY18 net revenue of $50 million), has ascended to the role of chair, following his previous role of vice chair of the board.

“As chairman of Moore North America, I look forward to collaborating with Moore leaders across North America and the world in serving our colleagues and our clients with transformative and innovative strategies,” Caleca says.

Tony Caleca

“With the guidance of Tony and the addition of our new members, I am certain this board will bring new and exciting insights and perspective to help members thrive,” says Tony Szczepaniak, CEO of Moore NA.

Leaving the board is Lou Grassi, CEO and MP of New York-based Grassi & Co. (FY18 net revenue of $63.6 million) and Andy Armanino. Since stepping down from his role of CEO and MP of Armanino at the end of 2018, he has served on the Moore Global board and will succeed Richard Moore as Moore Global chairman on Jan. 1.

Moore NA’s 39 member firms in the United States, Canada and Mexico have over 120 offices and eight member firms on the INSIDE Public Accounting Top 100 Firms List.

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Frazier & Deeter Expands Transaction Advisory Services

Atlanta-based Frazier & Deeter (FY18 net revenue of $96.0 million) announced the expansion of the firm’s transaction advisory services group with the addition of Brian Dermott as principal, Chase Gund as manager and Joseph Barron as senior associate.

They will operate from Charlotte, N.C. The transaction advisory services group focuses on serving private equity groups, corporate strategic buyers, mezzanine lenders and other investors.

“The demand for Frazier & Deeter’s transaction advisory services has never been stronger, driving the need to expand the team,” notes MP Seth McDaniel. “We’re seeing increased demand for both buy-side and sell-side transaction support.”

Dermott was most recently CFO of FM Expressions, a private equity-owned manufacturer. Before FM Expressions, Dermott was a transaction advisory professional, performing financial due diligence engagements on behalf of private equity and strategic buyers to identify and mitigate deal risk.

Gund joined the firm from DayBlink, a management consulting firm, where he advised clients regarding a variety of finance-related activities. He was previously a member of Frazier & Deeter’s audit practice for five years and served in the U.S. Navy for five years.

Barron joined the firm from Emerson Electric, where he was a financial analyst. Prior to Emerson, he was with Grant Thornton, where he served in audit and transaction services.

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Sprague Joins BKD Forensics and Valuation Services

Bob Sprague recently joined Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) as a managing director in the forensics and valuation services division. He will work from the Chicago office.

Sprague focuses on fraud investigation, forensic accounting and litigation consulting services. His experience encompasses a wide spectrum of financial consulting matters spanning multiple industries and client types. Sprague works with corporate stakeholders, in-house and outside counsel, auditors and special committees on forensic and fraud investigations with an emphasis on SEC enforcement matters and fraudulent financial reporting.

“We pride ourselves on providing cutting-edge support. Bob’s addition has expanded our capacity to further provide the depth of service required by clients in this field,” says Angela Morelock, MP of the forensics and valuation services division.

Prior to joining BKD, Sprague spent more than 22 years working for two global professional service firms and worked as an enforcement accountant in the SEC’s enforcement division, where he investigated potential securities laws violations.

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Aycock & Company Joins BDO Alliance

BDO Alliance USA welcomes Aycock & Company, a $5 million firm in Houston, as its newest CPA member firm.

The BDO Alliance USA, a subsidiary of Chicago-based BDO USA (FY19 net revenues of $1.64 billion) now has 215 CPA member firms in over 500 locations nationwide.

Aycock & Company specializes in serving wealthy families and small to medium-sized businesses with revenues of between $20 million and $100 million in the greater Houston area.

Michael Horwitz, BDO partner and executive director of alliance services, says, “They were the top-scoring firm in the 2019 Best of the Best from INSIDE Public Accounting’s survey of 550 firms, and we believe their professionals share BDO’s commitment to exemplary client service.”

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A 2019 Best of the Best Firm Award Winner Recognized at the 2019 PRIME Symposium

Winston Howell

Winston Howell

INSIDE Public Accounting recognized 2019 Best of the Best Firms with Pyramid Awards at IPA’s ninth annual PRIME Symposium, Nov. 5-7, in Indianapolis.

We wish to congratulate Thomas Howell Ferguson, who received the IPA Best of the Best “Fastest-Growing Pyramid Award.” With an enviable 53.0% growth rate, this firm has demonstrated impressive results with no mergers to enhance that growth. This is Thomas Howell Ferguson’s first year as an IPA Best of the Best firm and a Best of the Best Fastest-Growing firm. The $19 million firm ranked No. 205 on the IPA 300 list this year.

The 2020 IPA Survey and Analysis of Firms will be launching in mid-January. Contact IPA for your invitation to participate and make your firm eligible to be a Best of the Best, an IPA top 400 firm and more in 2020.

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BKD Offers New Service to Energy Industry

Deanna Duell

Springfield, Mo.-based BKD LLP (FY19 net revenue of $662.9 million) has hired its first energy industry contract compliance leader, Deanna Duell.

Duell will integrate Council of Petroleum Accountants Societies (COPAS) accounting guidance and model form interpretations. This new service, the firm says, will help clients clarify oil and gas accounting requirements for agreements in the form of contract audits and litigation support. These include action plans to provide for contract audits facilitating recoveries for nonoperators and limiting exposure for operators in complying with accounting in contractual agreements unique to the oil and gas industry.

Duell will join the firm as a director and be based in BKD’s Denver office. Before joining BKD, she spent several years working for large CPA firms and also operated her own accounting firm, Duell & Associates. She is experienced in serving the oil and gas industry in various capacities for operated and nonoperating wells throughout the United States.

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BKD Launches AI-Powered Lease Solution

Springfield, Mo.-based BKD (FY19 net revenue of $662.9 million) is introducing a new tool, powered by artificial intelligence (AI), to help organizations implement GASB 87 and FASB Accounting Standards Codification 842 on lease accounting.

BKD LeaseVision provides an AI tool to extract key lease terms from various lease types, a road map to help provide an in-depth process framework and an Excel-based tool to help perform calculations and develop lease amortization schedules.

“BKD is excited to offer this tool to help our clients succeed,” says director Amy Shreck, one of BKD LeaseVision’s developers. “We look forward to using the LeaseVision tool to consult with organizations to help implement these complex lease standards.”

FASB recently approved the delay of its lease accounting standard effective date. However, “despite this delay, we are encouraging our clients and prospects to be proactive and start the process now,” says director Jessica Richter, one of BKD LeaseVision’s developers.

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Eric Sampson Named Principal at SVA Consulting

Eric Sampson

SVA Consulting, which offers technology consulting, has announced the hiring of Eric Sampson as principal to lead the team and guide business development.

SVA Consulting is part of the SVA family of companies, which also includes Madison, Wis.-based SVA CPAs (FY18 net revenue of $65.8 million), wealth management and business consulting services.

Sampson came to SVA as former COO of a successful health care IT services firm, which happened to be an SVA Consulting client. He knows firsthand what it is like to sit on the opposite side of the table. This perspective and client experience, coupled with his background, makes him the perfect fit for his new role inside of SVA, says John Baltes, CEO of SVA.

Weaver Adds Oklahoma City Office

Zeeshan Khan

Houston-based Weaver (FY19 net revenue of $141.1 million) has added an office in Oklahoma City with audit partner Zeeshan Khan leading it.

“Oklahoma has been a target market for Weaver’s strategic growth,” says MP John Mackel. “Zeeshan’s deep energy industry experience and broad commercial industry experience, combined with his established relationships and knowledge of the local market are an ideal match for the firm.”

Weaver’s newest office, at 101 Park Ave., will initially focus on working with energy companies and middle market businesses across other industry sectors. The Oklahoma City office marks the firm’s 12th U.S. location.

Khan says, “I see tremendous opportunity with Weaver’s culture and my background that will prove successful in helping us grow a strong practice.”

Khan was formerly with PwC for almost 14 years, providing assurance services to both public and privately held companies across a range of industries including oil and gas, manufacturing (industrial products) and retail. One of his industry accomplishments is co-authoring select chapters and making numerous edits throughout the widely used and respected PwC oil and gas textbook, Petroleum Accounting – Principles, Procedures & Issues, 8th Edition.

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Brown Smith Wallace Adds Marketing Services

Tom Etling

St. Louis-based Brown Smith Wallace (FY18 net revenue of $50 million) is adding marketing to its advisory services offerings, the firm announced.

The firm has 30 practice areas, and offers cybersecurity, data analysis, software selection and business performance consulting. The advisory services group employs more than 60 professionals.

The new marketing advisory practice will be led by Tom Etling, who previously served as the CEO of Dovetail, a St. Louis-based brand communications agency. He has also served as chief executive officer at St. Patrick Center, which offers housing and other services for the homeless, and he also held senior leadership positions in marketing for the Gateway Arch.

“Our core accounting and tax work and deep relationships with our clients’ C-Suite personnel put us in a unique position to spot trends and opportunities,” says MP Tony Caleca. “Launching the advisory practice was a bold move for the size firm we were in 2002, but it positions us well today as we help our clients grow and transform their businesses in the ever-changing world we live in.”

When the advisory services group began, Brown Smith Wallace had annual revenues of $11 million and employed 100 people. The practice is a strong performer for the firm, with approximately $11 million in annual billings – doubling in size over the last five years.  The firm now employs 300.

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