Keiter Announced New Tax Leader

Vincent J. Nadder

Vincent J. Nadder

Keiter (FY17 net revenue of $26.9 million) of Glen Allen, Va., announces that Vincent J. Nadder has been named the firm’s practice leader of the tax department, effective Jan. 1, 2019.

Nadder has over 24 years of experience in public accounting providing tax, consulting and accounting services to privately held companies. He serves on the firm’s executive committee and is PIC of the firm’s cost segregation services and historic rehabilitation tax credit services.

“Our firm has a solid reputation in the Virginia community for providing excellent tax and consulting services to both business and individual clients. As a result, we have seen tremendous growth over the past few years which I hope to continue during my tenure,” Nadder says.

In his new role, Nadder will oversee the strategic growth and development of Keiter’s tax department. This includes developing new opportunities for the department, marketing the firm’s services, identifying new professional development opportunities for the tax department team, and actively acquiring new talent.

Banc Compliance Group Joins Saltmarsh

Pensacola, Fla.-based Saltmarsh Cleaveland & Gund (FY17 net revenue of $18.5 million), with four offices in Florida and one in Nashville, Tenn., announces that Banc Compliance Group has merged with the firm.

As a new shareholder, BCG’s former principal Connie Edwards will lead Saltmarsh’s financial institution practice in Tennessee. The practice is dedicated to advising financial institutions of varying sizes and complexity.

“This merger allows us to expand existing services into Tennessee and related markets in order to further our mission to help financial institutions navigate the important challenges facing the industry today,” says Lee Bell, Saltmarsh president. “The Bank Advisors at Saltmarsh have a long-standing reputation for providing great service to financial institutions, as does Connie.”

The combined firm offers accounting, audit/assurance, tax, wealth advisory and many levels of specialized consulting services to clients throughout the U.S. and overseas.

INSIDE Public Accounting Unveils The 2018 Pyramid Awards

INSIDE Public Accounting (IPA) announced that three 2018 Best of the Best Accounting Firms will be recognized with Pyramid Awards this year at the eighth annual PRIME Symposium, Oct. 23-25, in Dallas.

The award recipients this year were: Miami-based MBAF, Pasadena, Calif.-based KROST and Little Rock, Ark.-based Frost PLLC.

MBAF was the recipient of IPA’s “Pyramid of Excellence” award. This high-performing firm ranked No. 1 among the elite 50 Best of the Best Firms selected by IPA. The rankings are based on data from the 29th annual IPA Survey and Analysis of Firms, which covers finances and operations in dozens of areas. This $124.3 million, IPA 100 firm, with 66 partners and 563 staff, has been named a Best of the Best firm 17 consecutive times.

KROST, once again, received the IPA Best of the Best “Fastest-Growing Pyramid Award.” With a 29.6% growth rate, this firm has demonstrated impressive results with no mergers to enhance that number. This is KROST’s third consecutive year as an IPA Best of the Best firm and Fastest-Growing firm. The $33.1 million firm ranked No. 110 on the IPA 200 list.

Frost PLLC received the IPA Best of the Best “Pyramid Award.” The $29.4 million firm, ranked No. 124 on the IPA 200 list, first appeared as a Best of the Best firm in 1996. Since then, IPA has named Frost a Best of the Best firm 21 times. Frost sustains financial and operational excellence year after year.

View a complete listing of the 2018 IPA Best of the Best.

Subscribe to the INSIDE Public Accounting Newsletter.

Order the 2018 Benchmarking Report.

IPA Spotlight On … Gary Wallace

Name: Gary Wallace

Gary Wallace

Title: MP-Elect

Firm: Glen Allen, Va.-based Keiter (FY17 net revenue of $27 million)


  • Elected MP to start in new role in January 2019.
  • Joined Keiter as partner in 2010 and currently leads tax practice and is member of executive committee.
  • Worked in public accounting for 30 years at KPMG and now Keiter. Has also served as CFO for a prominent family office.
  • Specializes in taxation, including transaction structuring and consulting with business owners.

You will take over as MP on January 1st. How are you preparing for the transition from Mike Gracik?

Our firm has taken a systematic approach to succession including my new role as managing partner. Our process began over a year ago and Mike has done a great job in preparing me with everything from “shadowing” to participating in key firm decisions. His approach has been very effective for me personally as well as with our team, clients and our community.

You haven’t ‘grown up’ professionally in accounting firms alone. Do you believe your private sector experience will aid you in guiding the future of Keiter? If so, why? What do you feel you need to learn about the profession?

My career in public accounting will be very valuable in leading our firm. I learned from many great leaders and role models as well as from working through my own situations. On-the-job experiences will significantly benefit me because I have gone through many of the decisions and life lessons that I may potentially face. However, my private sector experience as a CFO broadened my breadth of business understanding and was a great learning experience on how to operate a business. As a past CFO, I participated in business decisions, which will assist me with firm decisions at Keiter and will also give me a better understanding of our clients’ decision-making. The combination of public accounting and private industry experience provides a unique perspective for leading our firm.

What are your growth goals for Keiter?

Growth is important for our firm, primarily because it allows and provides rewarding opportunities for our current partners as well as our future leaders. I am enthusiastic about growing our practice areas and seeking new service opportunities to support our clients, as well as our people and community. Accounting firms are experiencing many changes, from technology to client needs. Embracing new opportunities comes with our entrepreneurial spirit and will guide us for our growth goals going forward.

You’ve said that one of your priorities as MP is to expand support to the Richmond, Va., community. What do you have in mind?

Keiter has a great reputation in our community. I hear the appreciation that our clients and community leaders have for us every day. I want us to be more focused on how our services and support makes a difference. Our community deserves our effort and our team feels the rewards from such support. There is no master plan to expanding our support. It’s simply to keep our clients and community top of mind as we conduct our business and volunteer our time.

Final thoughts?

Why do I look forward to this new opportunity? It’s simple. I am excited to be making a difference for our team, clients and community.

HHM CPAs Appoints New MP of Memphis Office

Jason Martin

Jason Martin

Chattanooga, Tenn.-based Henderson Hutcherson & McCullough (FY17 net revenue of $24.4 million), an INSIDE Public Accounting Best of the Best Firm, has announced that Jason Martin has been named MP of the Memphis, Tenn., office.

This announcement comes just one year after Martin moved from the Chattanooga office to Memphis. Martin joined the firm’s audit department in Chattanooga in 2011. He was admitted to the partnership in 2016.

“It’s a privilege and honor to lead our firm’s growth efforts in Memphis,” Martin says. “Our firm is made up of a dynamic group of accountants and professionals who have a great passion of serving Memphis area businesses and organizations. Relocating to Memphis was an easy decision given the growth opportunities for our firm and wonderful things my family will now experience in this great city.”

“Jason has been such an asset to the firm,” says Donnie Hutcherson, MP of HHM CPAs’ Chattanooga office. “We miss him in Chattanooga, but his leadership skills, the way he interacts with our employees, and his dedication to client service made him the obvious choice to be the one to introduce Memphis to the HHM way of doing business.”

With over a dozen years of experience in a diverse range of industries, Martin counts construction companies, family-owned and closely held businesses, and governmental institutions among his areas of expertise. In addition to providing traditional audit services to a wide range of clients, he spends much of his time assisting clients solve complex operational challenges. He also provides valuable consulting services to his clients by utilizing his problem-solving skills and his background in fraud investigative and forensic services.

Berry Named Principal at Windham Brannon

Laura Berry

Laura Berry

Windham Brannon of Atlanta (FY17 net revenue of $25.4 million) has admitted Laura Berry to principal at the firm.

Berry, who joined Windham Brannon 10 years ago, previously served as senior manager of tax, and leads the firm’s manufacturing and logistics segment. Prior to Windham Brannon she was an accountant for Turner Broadcasting.

Berry was one of the first participants selected in 2014 for Windham Brannon’s Leadership Academy, a program where potential partner candidates are identified and put through a program that educates them on all aspects of running a CPA firm. She later came to be a mentor for the program in 2017 for future up-and-comers.

In addition, every employee at the firm has his or her own personal Windham Brannon coach to help with developing individualized career paths, and Berry currently coaches two team members.

“Laura is the perfect example of how our Leadership Academy and mentoring programs successfully foster employees into future leaders,” says MP Heidi LaMarca.

Richey May Acquires Two IT Consulting Firms

Ken Richey

Englewood, Colo.-based Richey May & Co. (FY17 net revenue of $21.5 million) has acquired two IT consulting firms, Arrow Partnership and Corporate Blue.

Arrow Partnership is a nationwide provider of management and IT consulting services, and Corporate Blue is a cybersecurity and managed IT services firm. The two firms will join the recently launched Richey May Technology Solutions division of Richey May.

Both acquisitions will enable Richey May to address the growing IT demands of its clients, including cloud-based managed services, strategic technology management consulting and cybersecurity risk assessments.

“Arrow Partnership and Corporate Blue have excellent reputations for providing a wide range of IT consulting services that span multiple industries,” says Ken Richey, founding partner of Richey May. “As the demand for strategic IT planning and compliance intensifies, these acquisitions will ensure we are able to meet the needs of our clients for years to come.”

Arrow Partnership of Denver specializes in technology management, governance, risk, compliance and security consulting services and digital marketing. Arrow Partnership’s MP and co-founder Chan Pollock will join Richey May as executive director of the firm’s technology consulting practice, while senior practice leader Garry Woods will head up the company’s governance, risk and controls practice.

Corporate Blue, based in Southern California, provides IT security, virtual chief information security officer services, cloud security and managed IT services. Mike Wylie, co-founder and CEO of Corporate Blue, will join Richey May as a director in the firm’s cybersecurity practice.

Richey May Technology Solutions offers the full spectrum of technology solutions, including cloud services, cyber security, marketing technology, governance, risk, controls, privacy and technology management consulting.

Dee, Finklang and Hoffmann to be Named Anders Partners

Jeanne Dee

St. Louis-based Anders CPAs + Advisors (FY17 net revenue of $31.8 million) has announced that Jeanne M. Dee, Dave M. Finklang and Scott A. Hoffmann have been accepted into the partnership, effective Jan. 1.

About Jeanne Dee – Dee joined Anders in 2016 as a principal in the audit and advisory services group. She brought her years of experience with serving not-for-profit organizations to Anders, re-energizing the niche and connecting the firm to more not-for-profit organizations in the community.

Dee specializes in audits of financial statements for not-for-profit organizations, government entities, employee benefit plans and closely held businesses. She leads the Anders not-for-profit team, and is a frequent author and speaker on accounting principles and new or changing audit standards.

About Dave Finklang – Finklang joined Anders in 2013 as a supervisor in tax services, and quickly established a growing startup and entrepreneurial services practice at Anders. His business development skills, leadership ability and professional and civic involvement have helped him rapidly progress through the ranks to become a partner of the firm.

 Finklang has wide-ranging, specialized experience in tax planning and compliance, startup services and consulting, and accounting services. Finklang works with entrepreneurs and emerging companies by helping them raise capital, structure their businesses, implement accounting systems and minimize their tax burdens. Finklang was named the youngest 2016 40 Under 40 by the St. Louis Business Journal.

Scott Hoffmann

About Scott Hoffmann – Hoffmann leads the outsourced accounting services group at Anders and manages a team of nine. He was instrumental in starting the technology-backed approach to outsourced accounting and CFO services at the firm, and the group has grown to over $1 million in revenue in a few short years.

 Hoffmann joined Anders in 2011. His previous experience as a CFO and COO to both closely held and publicly traded organizations, has allowed him to be an effective financial leader for small and mid-sized clients. Through the use of the latest cloud-based technologies, Hoffmann provides financial information to his clients in real time, allowing for quick analysis of results and timely decision-making.

Antares Group to Acquire Franchise Group of Gray Gray & Gray

Emmitt W. White

Antares Group of Conyers, Ga., will acquire the Franchise Group with Canton, Mass.-based Gray Gray & Gray (FY17 net revenue of $22.9 million) effective Oct. 1. The combined group will operate under the Antares Group name.

The merger of the two firms brings together two leading CPA firms renowned for their work with restaurant franchisees, including McDonald’s owner/operators across the country. Once the acquisition is complete, Antares Group will represent nearly 1,600 McDonald’s restaurants in 37 states, making it one of the largest CPA firms in the United States that serves McDonald’s owner/operators.

Antares Group has been serving quick-service restaurant owners, small business owners and individuals since 1984. The Franchise Group at Gray Gray & Gray likewise has more than 30 years of experience working with quick-service restaurant owners, full-service restaurants and other business owners.

Antares Group provides comprehensive back office outsourcing, a full-range of monthly accounting services, tax planning and business strategy advice, next-generation planning, purchase and sales consulting, and estate and retirement planning.

“Our combined experience and expertise positions us to pool our resources with the best people and technology to continue to be the leading accounting firm working with McDonald’s owner/operators and small businesses,” says Emmitt White, CEO of Antares Group.

“This opportunity to merge with Antares Group is exciting for us and aligns with our goal of being the premier CPA firm serving restaurateurs and McDonald’s owner/operators,” said Mark Kashgegian, a Gray Gray and Gray partner.

Keiter Names Wallace as Managing Partner of Firm

Gary Wallace

Gary Wallace

Glen Allen, Va.-based Keiter (FY17 net revenue of $27 million) has named Gary Wallace as the firm’s new MP, effective Jan. 1, 2019. Wallace has more than 30 years of accounting experience both in the private and public sectors and most recently served as the tax department leader for Keiter. He is succeeding L. Michael Gracik Jr., who has served as MP of Keiter since 2014.

“This is a tremendous honor to be chosen by my fellow partners for this position,” says Wallace. “For the past 40 years, Keiter has helped thousands of businesses achieve their financial objectives. I look forward to furthering that tradition and leading our firm for continued success.”

In his new role, Wallace will oversee Keiter’s strategic direction, providing leadership on firm matters. He will also continue serving as a partner in the firm’s tax practice. He will be actively involved in the firm’s marketing and business development opportunities and remain engaged in community development and support.

Prior to joining Keiter in 2010, Wallace was the CFO for The Riverstone Group and CCA Industries. He acquired significant public accounting experience, as tax partner with the Richmond, Va., office of KPMG. In his more than 20 years at KPMG, Wallace was tax advisor to publicly and privately held business clients and individuals, principally in the retailing, distribution, real estate and financial services sectors.

In addition to Wallace’s position, Keiter announces that Gracik Jr. will become a director with the firm. In this new role, he will provide clients with tax advisory and succession planning consulting.

Wallace continued, “Mike Gracik has been a great MP for our firm. He was instrumental in growing firm revenues by 50%, expanding our team, growing our client base, and building our reputation as ‘Opportunity Advisors’ to the Central Virginia business community. I am thrilled that he has chosen to serve as a Director within our firm and know that we all will continue to benefit from his expertise.”

Among Wallace’s priorities as MP will be a continuation and expansion of the firm’s support and commitment to the local Richmond, Virginia community. Keiter has consistently been recognized both locally and nationally for its charitable contributions to not-for-profit organizations and volunteerism.

“I am so proud of our team at Keiter,” says Wallace. “They are among the best accounting and financial advisors in the business. More importantly, they are a compassionate team that is dedicated to finding new opportunities to serve our local community.  This year alone, they have provided more than 300 volunteer hours to local organizations.”