REDW Welcomes Foltyn to Business Valuation Team

Brian Foltyn

Brian Foltyn

Albuquerque, N.M.-based REDW LLC (FY16 net revenue of $27.5 million) welcomed Brian Foltyn as the new practice leader for business valuation services in its Phoenix office.

Foltyn has more than 20 years of professional experience in both industry and public accounting, which includes business valuation advisory services, as well as varied prior experience as a controller and vice president for a manufacturing and distribution textile business and as an entrepreneur.

Foltyn’s valuation experience includes gift and estate tax reporting, divorce, shareholder disputes and minority oppression claims, management planning and financial reporting. He has also provided valuation and transaction-related advice in sell-side and buy-side acquisitions, and has developed business plans and financial models for feasibility analysis, management buyouts, corporate restructuring, strategic acquisitions, and for raising capital. In addition, Brian has provided litigation support in the areas of business valuation, accounting and economic damages.

“The significant experience and expertise that Brian brings is critical for supporting REDW’s continuing growth, particularly in the Phoenix market, and especially for our valuation clients,” says Ed Street, REDW principal and head of the firm’s business valuation, forensic and litigation services. “They rely on the understanding and insight we bring to every multi-faceted engagement.”

“We take pride in attracting top talent from other regions that see REDW and the Southwest as an alternative to grow personally and professionally. We’re continually looking for opportunities to expand the ways we can help our clients become more successful; adding Brian to the team is very much aligned with that vision,” says Steve Cogan, REDW managing principal.

HoganTaylor Admits New Little Rock Partners

Ginger Meister

Ginger Meister

Tulsa, Okla.-based HoganTaylor (FY16 net revenue of $34.3 million) admitted Ginger Meister and Cale Turner to partner.

“Cale and Ginger are both dynamic young professionals who have contributed greatly to the health and success of our Little Rock office,” says Randy Nail, CEO. “In addition, both were instrumental in the success of the firm’s recent merger with JPMS Cox.”

Meister has more than 15 years of experience in public accounting. She has provided tax compliance, planning and consulting services to a variety of clients including closely held businesses, pass though entities and high-wealth-individuals, with considerable expertise in the real estate and health care industries. Meister works closely with her clients with special attention on planning opportunities and strategy to minimize their tax burden.

Cale Turner

Cale Turner

Turner has more than 15 years of public accounting experience providing tax planning and compliance services for a range of clients, including individuals, trusts, partnerships, corporations and nonprofit entities. In addition, he has unique expertise in political campaign finance. Turner has extensive experience working with political campaigns and other political organizations to ensure their compliance with the accounting and financial reporting requirements of the Federal Election Commission and similar state regulatory agencies.

VonLehman Admits Hodzic as Shareholder and Promotes 16

Emir Hodzic

Emir Hodzic

Fort Wright, Ky.-based VonLehman (FY16 net revenue of $25 million) announced that the firm has promoted 16 people. These promotions include Emir Hodzic who was admitted the 19th shareholder at the firm.

Hodzic joined VonLehman in 2004. He is a member of the firm’s manufacturing and distribution executive committee focusing his practice on closely-held businesses and middle-market companies. Hodzic specializes in mergers and acquisitions where he helps companies understand the tax structure of both buying and selling.

“When it comes to promoting the values of hard work, determination and leadership, these individuals are driven to meet the goals of our company and keep our clients’ best interests in mind at all times,” says Brian Malthouse, president. “I’m proud to announce that we have elevated them to the next step in their careers to keep pace with our growing client base and their needs for high quality audit, tax and consulting services.”

View the full list of promotions here.

ATA Acquires Three Firms and Admits Seven New Partners

Union City, Tenn.-based Alexander Thompson Arnold (FY16 net revenue of $20.3 million) has acquired Cannon & Company of Memphis, Tenn., Fred H. Page & Co. of Tupelo, Miss., and Owensboro, Ky.-based Myriad CPA Group, effective Dec. 31, 2017.

J. Schifani and Cathy Messerly of Cannon & Co. will be admitted as partners, and David Cuicchi and David Curbo will become principals of the firm.

Fred Page, whose accounting career spans more than 50 years, will join the firm as a principal. He specializes in accounting and tax for businesses and individuals.

From Myriad CPA Group, Richard Campbell, Brian Crafton, Kris Kemp and Mac Neel will be admitted as partners. Bud Crafton will become a principal.

In addition to these acquisitions, Mark Puckett was admitted as a firmwide tax partner, based in the Memphis office.

“ATA is excited to broaden our reach in our current Memphis and Tupelo markets and expand our presence in Kentucky and Indiana,” says John Whybrew, MP of ATA. “Each of these new firms and partners, bring unique expertise which compliments ATA’s current services and niches and strengthen our capabilities to better serve our clients.”

IPA Spotlight On … Karen Love, PKF Texas

Name: Karen Love

Karen Love

Karen Love

Title: Director/Ambassador

Firm: PKF Texas (FY16 net revenue of $24.2 million) of Houston

Accomplishments:

  • Blazing the trail for marketers in and out of the accounting industry.
  • Succession on the Association for Accounting Marketing Board with two of my team members, Raissa Evans and Jen Lemanski, serving terms after me.
  • Set a model example in the industry, winning over 180 marketing awards including most recently the Leading Edge Alliance On the Edge Innovation award and Houston Business Journal’s C-Suite Award: Outstanding Chief Marketing Officer.
  • Using an inside out approach to integrate accounting firm culture with community culture, creating programs like FastTech 50 and Houston Young Professionals Endeavor.

As one of the first marketers (and a non-CPA) to be admitted as a partner in the country, can you give us your perspective on how the role of accounting marketing has changed over the years and where you see it going?

As one of the first non-CPA owners in the accounting industry, I consistently take pulses of the marketplace and strive to fill gaps. The accounting industry is becoming more consultative, therefore as marketers we have to match traditional needs with futuristic and digital technology support. Setting a stage for consultative thinking in a sea of compliance is a magical thing that has to be mastered. One trend, which will continue, is engaging younger team members earlier and embracing reverse mentoring. Also, corporate social responsibility that builds on the culture of the firm becomes a magnet for future clients. The use of data to make decisions is a happier journey with a lot less guesswork.

You’ve said one of your greatest professional joys is mentoring young professionals. Why?

Positioning others for success makes me happy and is always mutually beneficial. Lessons yielded from being a team leader are some of the most valuable to be had when mentoring young professionals. Who wouldn’t want to see someone they’ve mentored achieve great success?

I’d love to hear about your work with MAKERS, a storytelling platform for women, and your award. Why is it so important for women to tell their stories?

One quote I live by is, “One woman’s success can only help another woman’s success.” And it rings true for me. MAKERS is a platform out of New York City from a filmmaker named Dylan McGee. This woman is building a well-known brand that demands attention for all of us. MAKERS allows us to share stories that not only engage, but help other women in navigating their own path.

PKF Texas operates in the extremely competitive Houston market – how can your firm continue to differentiate itself in the marketplace and attract the best talent?

Culture is really the only thing that differentiates a professional services firm. In the fourth-largest city in the country, our culture is displayed as a differentiator through our internal university, 30+ languages spoken and our corporate social responsibility in our community, which helps us showcase our brand. Prospects and clients want to work with a firm with such a culture. Our early talent pipeline process of working with key universities to attract the right accounting/consulting professionals to our firm is key to the culture and differentiation.

Do you know someone else who would make a good Spotlight? Contact Christina Camara.

ABBB Partner Named Experienced Leader of the Year

Michelle Ryan

Michelle Ryan

Michelle Ryan, partner at Great Bend, Kan.-based Adams Brown Beran & Ball Chtd. (FY16 net revenue of $18.2 million) has been named the recipient of the Woman to Watch Experienced Leader award, given by the AICPA and the Kansas Society of Certified Public Accountants (KSCPA).

“Michelle’s dedication to the firm and her community exemplify her as a Woman to Watch Experienced Leader,” says Brian Staats, MP at ABBB. “Congratulations to Michelle on this prestigious accomplishment. We are honored to have her on our team!”

The Woman to Watch Experienced Leader award recognizes those who have established their roles as leaders in their organizations by advancing to the highest levels of management or ownership and by mentoring those following in their footsteps.

Ryan reviews business, individual and estate tax returns, and consults on a variety of tax planning issues, including business consulting, new entity setup, retirement and succession planning. In addition, she leads the firm’s CFO/Virtual Back Office Service Line and manages the firm’s Colby and Atwood office operations.

Maxwell Locke & Ritter Admits Two to Partner

Lesley Hargraves

Lesley Hargraves

Austin, Texas-based Maxwell Locke & Ritter (FY16 net revenue of $24.2 million) has admitted Lesley Hargraves and Anna Stepan to partner.

Hargraves joined the firm in 2009 and has been a leader in the technology and middle-market audit practices, providing attestation and consulting services to privately-held companies primarily in the technology, professional service and life science industries. She has significant experience with complex revenue and equity transactions.

Anna Stepan

Anna Stepan

Stepan joined the firm in 2007 and provides federal and multi-state tax compliance and consulting services to a variety of businesses and their owners. Her primary industry focuses include real estate, technology, professional services and retail/wholesale, as well as the U.S. tax aspects of international operations. Leveraging the expertise and experience of the entire firm, she aims to serve as a trusted advisor to her clients and colleagues.

Moore Stephens Names Lurie as New Member

Moore Stephens North America (MSNA) has announced the addition of Lurie LLP (FY17 net revenue of $28 million) of Minneapolis to the association. Lurie was founded in 1940 and is one of the top 15 Accounting firms in the Twin Cities and one of the top 120 nationally.

“We are fortunate to have Lurie LLP as the newest member of Moore Stephens North America,” says Tony Szczepaniak, CEO of MSNA. “Lurie is a firm founded by entrepreneurs who have taken their experience in building and sustaining their firm and have translated it into a client service point of view that is truly unique. This foundation will be a great compliment to those of MSNA and our current member firms.”

“We are excited about adding the resources of Moore Stephens North America to our firm,” says Beth Kieffer Leonard, MP of Lurie. “Our membership in MSNA will allow us to collaborate with member firms to address the evolving opportunities around technology, client service and business solutions. MSNA member firms are focused on the future and will continue to focus on proactive advice and service in highly complex situations.”

Lurie is the newest firm to join the association’s 40 member firms in the United States, Canada, Mexico and the Caribbean. With over 150 collective offices, Lurie’s Minneapolis-based office is the first office headquartered in Minnesota.

AAFCPAs Admits O’Reilly as Partner

Janice O’Reilly

Janice O’Reilly

Westborough, Mass.-based AAFCPAs (FY16 net revenue of $26.7 million) admitted Janice O’Reilly as partner in the consulting division and head of the managed accounting solutions (MAS) practice.

O’Reilly has more than 30 years of experience. She started her career in public accounting, as an audit manager at Deloitte, and transitioned to private accounting. She has experience in strategic and financial consulting services to privately-held and public companies in diverse industries, including: software, technical services, digital media and professional services.

O’Reilly will lead and deliver CFO-level consulting solutions, including advice on international expansion, foreign subsidiary establishment, growth strategy, IPO, secondary offerings, mergers and acquisitions, joint ventures, capital raising and investor relationships.

“Janice’s diverse finance and operational management experience makes her a great fit to spearhead our fast-growing MAS practice, and she is perfectly aligned with our culture, mission and core values,” says Matthew Boyle, partner. “She knows how to assess, build and execute the ideal accounting function and her charisma and collaborative approach make her an extremely valuable and exciting addition to our consulting team.”

Barfield Murphy Shank & Smith Acquires Hindsman

Birmingham, Ala.-based Barfield Murphy Shank & Smith (FY16 net revenue of $18.7 million) acquired Hindsman PC of Gadsden, Ala., effective Jan. 1, 2018.

Currently, Hindsman provides a broad range of accounting, tax, audit and advisory services to both businesses and individuals throughout northeast Alabama. These services also include an outsourced bookkeeping practice as well as payroll services. The firm works with clients in a variety of industries such as medical practices, manufacturing and construction.

“For many years, we have witnessed, admired and respected how BMSS has taken care of its people and its clients throughout the state,” says Scott Hindsman. “Their culture and primary mission closely mirror ours. The skill sets of both firms are complementary to one another. It just seemed to make sense to bring the two firms together.”

“This merger is significant for all of us,” says BMSS founding partner Don Murphy. “In Hindsman PC, we found people who, like us, could add real value at every stage of an organization’s life cycle with strengths that complement and extend our own. Beyond that, we feel that they’re a great fit with our people, our culture and our mission of delivering an exceptional client experience.”