Dunlap & Associates Joins with Seitz Leatherman & Kolb

Effective Jan. 2, Dunlap & Associates of Chalfont, Pa., and Seitz Leatherman & Kolb Montgomeryville, Pa., will merge.

“Our merger presents an ideal opportunity for growth through collaboration. Each of our firms has been serving the business community for 20 years. We have similar values, cultures and service philosophies, which makes this a natural fit,” Dunlap & Associates announced.

The new firm will be known as Dunlap SLK, and will operate out of Dunlap & Associates’ current location, which will be expanded and renovated before the new team arrives.

“As we come together, we are combining our talents and expertise to benefit our clients, while providing even more development and growth opportunities for our combined team of nine shareholders and 47 staff members,” managing director Dennis Dunlap told Lehigh Valley Business.

Lon Seitz, MP of SLK, says, “It allows us to expand, enhance, and diversify our capabilities, while continuing to provide clients with exceptional service on all levels.”

Dunlap & Associates PC was established in 1999 in New Britain Township. Its five shareholders and 31 employees provide accounting, auditing, tax and business consulting services for privately held companies, family-owned businesses, local governments, nonprofits and individuals.

SLK was founded in 1998 in Montgomery Township. With four shareholders and a staff of 16, the firm provides accounting, auditing, tax and business consulting.

Yancey Bowman Joins Brown Edwards

Harrisonburg, Va.-based Yancey Bowman CPAs joined Roanoke, Va.-based Brown Edwards (FY18 net revenue of $42.5 million) on Dec. 1.

With this union, Brown Edwards will have over 350 associates in 10 offices – seven in Virginia, two in West Virginia and one in Tennessee. The partners and staff of Yancey Bowman will join the existing Brown Edwards office in Harrisonburg, Va.

“Over the years, Yancey Bowman has developed and grown valuable and well-respected specializations that fit with our mission to provide a wide variety of services to our clients. The additional resources of Brown Edwards will allow the merged firms to deliver these services to an expanded market,” says Jason Hartman, Brown Edwards’ CEO.

YB partner Richard Yancey says, “We are very proud of the quality and service we have delivered to our clients over the years and are excited to join a growing Top 100 firm that has a strong focus on not only the Harrisonburg area but also the entire region. We feel this change will allow us to continue offering comprehensive and personalized business advice tailored to our client’s needs. And, importantly, Brown Edwards shares our philosophy of focusing on the success of our clients.”

New Partner Karl Seemer Joins Mazars

Karl Seemer

New York-based Mazars USA LLP (FY17 net revenue of $189 million) announced that Karl Seemer has joined the firm as a partner in the New York real estate practice.

Seemer will provide focused tax advisory and compliance experience, continuing the firm’s growth in the real estate industry.

Shahab Moreh

“The significant changes to the tax regime have particularly impacted the real estate sector and Karl’s expertise in taxation will be of significant value to our clients as we continue to grow our real estate practice,” says Shahab Moreh, partner and real estate practice leader.

Seemer has over 15 years of experience in the field of taxation and law. His background includes tax compliance and tax consulting for partnership clients with a real estate focus. His  expertise includes partnership allocations, capital account and basis calculations, REIT and partnership structuring, contracts, leases and other consultations. In addition to real estate, he has a deep background serving clients in financial and professional services, manufacturing, technology and renewable energy. He also has experience with high-net-worth individuals, trusts and foreign reporting.

“This is a time of volatility in real estate,” Seemer says. “I look forward to leveraging the global resources of Mazars to continue delivering exceptional service to my clients and help them overcome their challenges.”

WithumSmith+Brown Welcomes New Business Developer

Heather Murphy- Walker

Princeton, N.J.-based WithumSmith+Brown PC (FY18 net revenue of $207.6 million) announces the appointment of Heather Murphy-Walker to its New York office team.

In her role as business development executive, Murphy-Walker will spearhead all office-growth initiatives and serve as the conduit for the firm’s client base.

Murphy-Walker has more than 10 years of marketing and business development experience in the professional services sector. Prior to joining Withum, she was a consultant for NABA. In this role, she spearheaded all marketing and communications efforts, as well as key operations aspects related to their annual convention. Previously, Murphy-Walker was a consultant with a technology CPE firm and held communications and marketing management roles with AICPA during the course of an eight-year period.

“Heather’s background of leading product development and refining and focusing marketing and sales strategies are a tremendous value add to our team roster of talent,” says Mike Stallone, PIC of Withum’s New York office. “We welcome her contributions and track record for success in building relationships throughout New York City and beyond.”

Murphy-Walker says, “I’m eager to assist current and prospective clients by helping them articulate and understand their unique business needs and how Withum can help them achieve – and exceed – their goals.”

CapinCrouse Appoints Fran Brown as Managing Partner

Gregory B. Capin

Greenwood, Ind.-based CapinCrouse LLP (FY17 net revenue of $21.4 million), which specializes in serving nonprofit organizations, announces that Fran Brown has been appointed MP, effective Jan. 1.

Gregory B. Capin, partner, chairman, and interim CEO, will retire as a partner of the firm on Dec. 31. This strategic leadership transition positions the firm for future growth through a continued focus on its mission of serving organizations whose outcomes are measured in lives changed.

Brown, a partner and the attest professional practice leader, joined the firm in 2014. He has more than 30 years of in-depth experience providing audit and management consulting services to a variety of nonprofit entities, including colleges and universities. Brown is a frequent speaker at seminars, workshops and conferences, and serves as a board member of several nonprofit organizations.

Capin has been with CapinCrouse since 1979 when he joined the firm his father, Richard Capin, founded to serve mission-focused ministries. He will continue to serve as an advisor to the firm.

“I am honored and excited to be the next managing partner for CapinCrouse,” Brown said. “We have a talented and dedicated team of empowered professionals serving clients who are changing lives around the world every day, and I am looking forward to the future that God has in store for the firm.”

CapinCrouse was founded in 1972. Today, the firm serves more than 1,500 nonprofit organizations nationwide with a wide range of audit, review, tax, consulting and cybersecurity services.

Kevin Pleiter joins Grant Thornton’s Financial Services Advisory Practice

Nigel Smith

Kevin Pleiter has joined Chicago-based Grant Thornton (FY17 net revenue of $1.75 billion) as a principal in its financial services advisory practice. Pleiter will be responsible for shaping and driving Grant Thornton’s innovation efforts in financial services and will work out of the firm’s Stamford, Conn., and New York offices, the firm announced.

Pleiter has more than 25 years of financial services experience. He spent the majority of his career advising global financial services firms across investment banking, asset management, wealth management and custody businesses in the United States, Europe and Asia.

“Kevin has deep knowledge of the financial services industry and understands how technology can solve business challenges,” says Nigel Smith, national financial services advisory leader for Grant Thornton. “As fintech continues to transform traditional financial services firms, Kevin’s lens will help us guide enterprises toward adopting technology at a manageable pace, taking a holistic, long-term approach that positions them to thrive.”

Pleiter’s financial services business and consulting experience began at Deutsche Bank in London before his time at Salomon Brothers and a Toronto-based fintech company. He spent the majority of his global career at IBM, serving most recently as vice president and senior client partner in the firm’s Global Business Services unit.

BDO UK And Moore Stephens In Advanced Merger Discussions

BDO UK LLP and London-based Moore Stephens LLP, are in advanced merger discussions, expected to be completed in spring of 2019.

The proposed deal relates only to Moore Stephens LLP, consisting of the London, Birmingham, Reading, Bristol and Watford offices of the current Moore Stephens UK network.

The two firms operate in very similar sectors: energy, technology, retail, real estate, financial services and more.  Moore Stephens is also very strong in the shipping, insurance and donor assurance sectors.

The deal would further cement BDO’s position as auditor for AIM businesses and the combined firm will be one of the top auditors in the country based on the number of UK-listed companies it audits.

Moore Stephens LLP will take on the BDO brand, as it will remain part of BDO globally, the largest mid-tier accountancy organization in the world with revenues of more than $8 billion and operating in 162 countries.

“If ever there were a time for firms to turbo-charge their growth, it’s now. “It was clear from our first meeting that we share similar culture and values,” says Paul Eagland, MP, BDO.

He continues, “but we’ve always said that size isn’t a proxy for quality. A driver of this merger is one of sustainable and profitable growth that benefits our clients, people and capital markets alike.”

Simon Gallagher, MP, Moore Stephens LLP says, “To be entering final discussions to create the largest UK firm focused on entrepreneurially-spirited and fast-growing businesses is exciting – and critical for market competition. The proposed merger provides a platform for continued, sustainable growth, as well as offering something different to the market at this important time.”

According to a statement on the Moore Stephens International website, Anton Colella, Global CEO, says, “I thank the partners and staff of Moore Stephens LLP London for their contribution, as they prepare to leave the wider Moore Stephens UK business and a global organization which is in good health. With 6% year on year revenue growth across our network and our latest annual turnover projected to take us over USD 3bn for the first time, we remain focused on continuing to successfully extend our presence in key markets, building on a differentiated service model which enables greater access to senior teams for those we serve. Moore Stephens International is proud to help our clients thrive in more than 112 countries.”

Two Georgia Firms Announce Merger

Tracy G. Sharkey

Dublin, Ga.-based TJS Deemer Dana LLP (FY17 net revenue of $14.4 million) has announced its most recent expansion through a merger with Lew Salmon and team members.

Salmon founded Salmon Barton & Associates of Atlanta in 2010. The team provides a full range of accounting, tax and advisory services, with a specialization in the insurance industry.

TJSDD operates from four offices in Georgia – Dublin, Savannah, Atlanta and Duluth. With the combination, effective Dec. 1, the firm will have 122 employees.

“This combination allows us to extend our geographic footprint within Atlanta and beyond and add a great group of talented people all committed to helping clients achieve success,” says MP Tracy G. Sharkey.

Salmon says, “We have a long history of strong relationships with entrepreneurial businesses and individuals in the Greater Atlanta community. TJS Deemer Dana LLP shares our philosophy of helping our clients grow and succeed, and the merger will broaden and deepen our existing industry specializations, enabling us to offer more comprehensive business advice tailored to our clients.”

Salmon and his team members will continue to serve clients from their current office in Atlanta. Assisting in the merger was Transition Advisors, a merger and acquisition consulting firm serving the national accounting community.

UHY Advisors Names New CEO

Steven McCarty

Steven McCarty

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) has named Steven McCarty as its new CEO, effective Jan. 1, succeeding longtime CEO Tony Frabotta, who will remain chairman of the IPA 100 firm.

McCarty has been leading UHY’s corporate finance business and was industry service leader of UHY’s professional employer organization practice. He’s also a member of UHY’s board of directors in addition to the Michigan region executive committee.

McCarty began his career 27 years ago in UHY’s tax department, moved later to the audit practice and eventually chaired the firm’s transaction services and corporate finance group. “I am grateful to our board for putting their trust in me to lead UHY’s national operations,” McCarty said in a statement. “Our firm is growing while the accounting profession as a whole is consolidating.

“Steve has been with UHY nearly 27 years and has proven himself as an exceptional colleague, industry professional and leader within the firm,” Frabotta said in a statement. “Steve has been a trusted confidant to clients and an active participant in the local communities which UHY serves. As the leader of our corporate finance practice, he has been instrumental in building that service line and participating in hundreds of middle-market transactions.”

Frabotta has served as co-CEO or CEO nationally at UHY for more than 10 years and has been running the firm’s Michigan practice for over 20 years.

“Tony Frabotta has done a masterful job building UHY partner unity and creating a strong marketing mentality,” says McCarty.

He plans to keep extending the firm’s footprint. Last week, UHY acquired Flynn Walker Diggin in Saratoga Springs, N.Y., and it merged in May with Del Conte Hyde Anello & Schuch in Farmington, Conn. In January, UHY expanded in Raleigh, N.C., with the acquisition of Bright Point Consulting. The firm is part of the UHY international network.

HHM CPAs Acquires Local Accounting Firm

Chattanooga, Tenn.-based Henderson Hutcherson & McCullough (FY17 net revenue of $24.4 million), an INSIDE Public Accounting Best of the Best Firm, has announced its acquisition of Grisham Wildman & Work (GWW,) a Memphis, Tenn., firm that focuses on automobile dealerships.

The combined firms will operate as HHM CPAs at HHM’s Memphis location at 1755 Kirby Parkway.

Prior to starting their own firm, Dave Wildman and Jerry Grisham spent more than 15 years working at George B. Jones, one of the first CPA firms to specialize in the automotive industry. They began their own firm in 1993, working with dealerships in the Memphis area and across the nation.

“The automotive industry experience Dave and Jerry bring to the table will complement the depth of service provided by HHM’s dealership group, and we are looking forward to strengthening the relationships with their clients that have been built over their long careers,” says HHM partner Darrin Yoder, who leads the Memphis office dealership practice.

The acquisition brings HHM’s employee total to 155, including the 30 team members in the Memphis office. All GWW’s employees were retained in the merger. Both Wildman and Grisham joined HHM as directors.