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.

Armanino Launches Program to Encourage More Women to Become Partners 

Andy Armanino

San Ramon, Calif.-based Armanino LLP (FY17 net revenue of $242.7 million) has launched a program designed to drive career advancement for female managers.

Called the Executive Access Program, the initiative will match high-potential female managers with executive committee members to provide them the opportunity to build relationships and understand the path to partnership. The inaugural class includes 18 women.

The firm also announced a Transparency to Partnership educational track to provide clearer insight and more transparency about what it takes to be a partner. Training modules will offer information on partner qualifications, the benefits of partnership, flexibility and expectations, partner profiles and other relevant topics. These courses will be available to all interested firm employees, in order to address misconceptions and barriers.

Both initiatives were developed by Armanino’s Women’s Advancement Network (WAN) and comes after extensive survey findings of male and female Armanino partners and managers provided insights on barriers and opportunities for female partner promotion.

Results revealed that women were opting out of the partner track at twice the rate of men and that executive sponsorship was one of the most important factors in achieving partnership. The survey also revealed gaps in the understanding of the qualifications and benefits of partnership for both men and women. The Accounting MOVE Project conducted the internal survey.

“Armanino is committed to not only meeting but exceeding the industry average of female partners,” says MP Andy Armanino. “In the past three years, 29 percent of internal partner promotions were women, a trend we would like to see increase in the future.”

PKF O’Connor Davies Establishes German Desk

Ralf Ruedenburg

New York-based PKF O’Connor Davies (FY17 net revenue of $160 million) announced that it has hired Ralf Ruedenburg to serve as principal and practice leader of the new German Desk specializing in audit, tax and advisory services, merger and acquisition advice and tax structuring for U.S., German, Austrian and Swiss clients.

“Ralf is exactly the right person to lead this exciting expansion,” says MP Kevin J. Keane. “As our international footprint continues to grow, his leadership and experience will be essential in further establishing a robust offering for U.S. clients conducting business in Germany and German, Austrian and Swiss clients conducting business in the U.S.”

This growth is part of PKF O’Connor Davies’ initiative to solidify world-class services for international markets and answer the call from clients to extend the firm’s practice areas. The German desk will provide clients with international insights, technical expertise and a deep cultural understanding of German business needs and priorities. The firm also has a China Desk, serving Asian clients.

“I’m proud to join the incredible international team at PKF O’Connor Davies to expand our presence in the market where I began my career,” says Ruedenburg. “German-owned companies have a unique set of accounting needs, and I look forward to building a practice with exceptional professional services to drive better results for current and new clients.”

UHY Expands in Northeast With Acquisition of New York Firm

Michael Mahoney

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) and UHY LLP have announced that they will expand their portfolio in the Northeast region with the acquisition of Flynn Walker Diggin CPA of Saratoga Springs, N.Y. The firm operates under the UHY banner.

The acquisition marks further expansion in New York for UHY.

“We are pleased to welcome the highly experienced team at Flynn Walker Diggin to the UHY network. Their addition will further strengthen our presence in the capital region and help us advise clients in the local marketplace,” says Michael Mahoney, CEO of UHY Advisors in New York.

“The team at Flynn Walker Diggin exemplifies the UHY ethos, with significant accounting experience across industries, personalized relationships with clients, and active involvement in the community,” says Howard Foote, OMP of the Capital Region of UHY LLP and CFO of UHY Advisors in New York. “We pride ourselves on providing clients with the highest quality of service in our role as their trusted advisors and look forward to working closely with this group of professionals.”

All associates of Flynn Walker Diggin are expected to continue in their roles.

“We look to leverage our personal expertise in audit, accounting, tax and management services to benefit individuals, closely held companies, and not-for-profit and government entities,” says Patrick J. Diggin, MP of Flynn Walker Diggin. “As part of UHY, we will continue to help our clients meet their goals with the addition of international resources that UHY offers.”

Acquisition Expands CBM Financial Planning and Investment Management Services

Councilor Buchanan & Mitchell (CBM), with offices in Bethesda, Md., and Washington, D.C., acquired May Barnhard Investments (MBI) on Nov. 1.

MBI, a fee-only financial management firm, provides comprehensive financial planning and investment management services.

MBI was founded in 2013 by Debora May, Judith Barnhard, Jeff May and Alex Seleznev. Debora and Jeff May and Barnhard were partners at May & Barnhard, a tax and financial consulting firm that merged into CBM in 2017. MBI will serve as CBM’s comprehensive financial planning and investment management affiliate under the management of Debora May, Barnhard and Seleznev, respectively chief investment officer, chief compliance officer and chief operating officer.

“CBM feels fortunate for our clients to be able to benefit from the expertise of MBI. With the addition of two chartered financial analysts and six certified financial planners we look forward to providing comprehensive financial planning, tax and investment management services,” says CBM MP Peter B. Reilly. “Debbie and Judy have done a great job in building such a highly regarded investment and financial management firm, and we at CBM are glad to be a part of it.”

“Since May & Barnhard joined CBM on Nov. 1, I’ve been pleased to see how well the financial services team we built, MBI, has become a reliable supplement to CBM’s core service areas,” says Debora May.

Moss Adams Combines With Baker Peterson Franklin

Chris Morse

Seattle-based Moss Adams (FY17 net revenue of $577 million) has agreed to combine with Baker Peterson Franklin, a full-service accounting and consulting firm in Fresno, Calif.

Effective Jan. 1, 2019, 42 professionals from Baker Peterson Franklin will join Moss Adams, including seven partners and one director, expanding the firm’s Fresno office to 71.

Chris Morse, PIC of Moss Adams’ Fresno office says, “Baker Peterson Franklin is deeply rooted in the agriculture space, perfectly complementing and expanding our existing practice and industry-specific service offerings. The addition of their talented staff grows Moss Adams into the largest accounting and consulting firm in central California.”

Founded in 1917 in Fresno, Baker Peterson Franklin has grown into one of the largest locally owned accounting firms in the Central Valley. The firm offers specialized expertise in agriculture, food and beverage processing, auto dealerships, closely held and family businesses, tax and estate planning, business consulting and auditing.

“We’ll have a greater range of capabilities and resources to bring to our clients while continuing to offer the personalized service our clients have come to expect from us,” says Kyle Stephenson, MP at Baker Peterson Franklin.

Kepczyk Expands Role with Right Networks

Roman Kepczyk

Roman Kepczyk

Accounting technology leader Roman Kepczyk has expanded his role with Right Networks as director of firm technology strategy.

Kepcyk is a veteran of Xcentric, which was acquired by Right Networks in 2017. He has been named an IPA Most Recommended Consultant every year since 2005.

Kepczyk has spent more than 30 years helping firms throughout North America effectively use information technology and accounting applications to optimize their tax, audit and administrative production workflows. He will extend that expertise in an expanded role with Right Networks, focused on both continuing to guide the firms on their journey to the cloud and providing firm input to inform the evolution of Right Networks offers.

“My goal with Right Networks is to help firms navigate, and benefit from, these advances while taking their feedback as crucial input to the evolution of the Right Networks offer roadmap,” Kepczyk says.

D&H Global Tax Joins Citrin Cooperman

New York-based Citrin Cooperman (FY17 net revenue of $244 million) announced the merger of D&H Global Tax, with offices in Philadelphia, London and Pitman, N.J.

D&H specializes in international tax issues, planning and preparation for clients that are U.S. expatriates and non-U.S. persons with filing obligations. MP Leon Dutkiewicz will lead Citrin Cooperman’s international taxation practice. Additionally, three directors and 15 staff from D&H will join in the firm’s Philadelphia office. The firm will also retain D&H’s New Jersey location.

“We’ve built a strong bench of international tax and consulting specialists to advise our clients in an increasingly global marketplace,” says CEO Joel Cooperman. “Leon is the perfect person to lead this practice and help our clients remain competitive and successful.”

“When exploring options to join a larger firm with value-added resources to help serve our clients, Citrin Cooperman was by far the top of the list,” says Dutkiewicz. “Big firm resources combined with personal, tailored client service is exactly what our high-net-worth international clientele expect and Citrin Cooperman delivers.”

Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the deal, says, “D&H Global Tax is recognized by its peers as one of the top international tax boutiques both in the U.S. and internationally. Leon Dutkiewicz is as exceptional a leader as you will find in the accounting profession. His passion for client service and growing talent made his firm one of the most sought-after transaction candidates I have ever seen.”