Hancock Askew & Co. Acquires Miami Firm

Craig Armstrong

Savannah, Ga.-based Hancock Askew & Co., an IPA 300 firm, has expanded its Miami office with the acquisition of CAPA.

Based in Miami, CAPA specializes in tax, financial accounting and consulting services to high-net-worth individuals, businesses and international clients. With the merger, Craig Armstrong and his team at CAPA – including tax partner Patricia Siles and audit principal Alfredo Reynoso – will join the leadership team of the Hancock Askew Miami office.

“CAPA holds similar values and practices to ours,” says Hancock Askew MP Michael McCarthy. “This merger allows us to strengthen our South Florida practice and develop new service offerings with a larger team.”

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IPA 300 Firm Moves Into Midwest With Merger

In an effort to expand its regional reach to the Midwest and broaden its service capabilities to include governmental entities, Brooklyn, N.Y.-based Roth & Company LLP, an IPA 300 firm, has acquired E.C. Ortiz & Co. LLP of Chicago, effective July 1.

Founded in 1974, E. C. Ortiz services government entities and closely held businesses with specialists in the fields of federal and state compliance, health care compliance, financial audits and accounting.

“E.C. Ortiz’s sterling reputation, local relationships and specialized services make them the perfect partner for our Midwest expansion,” says Roth & Company co-MP Zacharia Waxler. “The acquisition allows us to continue to innovate and grow as we serve diverse clients across the globe in the private, non-profit and governmental sectors.”

Apple Growth Partners Adds to Leadership Team

Susan Burnoski

Akron, Ohio-based Apple Growth Partners, an IPA 300 firm, has appointed Susan Burnoski and Christine Waltjen to its executive team.

Christine Waltjen

Burnoski has been with the firm for 13 years and is a principal and director of audit and assurance. Waltjen is a tax manager and director of tax, overseeing the management, scheduling and onboarding of the tax team.

“Susan and Christine each chair a major department within the firm, and they both exemplify the word ‘leader’ in every way,” says Chuck Mullen, chairman of Apple Growth Partners. “Susan and Christine have been shining examples of determined effort and professionalism, true role models to anyone building a career in public accounting.”

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Hancock Askew & Co. Debuts New Investment Advisory Firm

Savannah, Ga.-based Hancock Askew & Co., an IPA 300 firm, announced the creation of Clarity Capital Advisors, a new spinoff firm dealing in interim/fractional CFO solutions, M&A and general corporate finance advice for small to mid-sized businesses.

The new entity will be based in Tampa, Fla., and will be led by veteran corporate finance professionals Steve Keaveney and John Stanier, with assistance from Mary Roberts, managing director of Hancock Askew’s transaction and business valuation practice.

“We are keenly aware of the shift in the accounting industry to provide more than just traditional compliance services to clients,” says Hancock Askew MP Michael McCarthy. “Through the addition of Clarity Capital Advisors and the experience of the team leading the new firm, we continue to be at the forefront of expanding our service offerings and increasing our footprint in the marketplace.”

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BDO USA Taps Into Nevada, Utah Markets With IPA 300 Acquisition

Chicago-based BDO USA, an IPA 100 firm, is merging in Las Vegas-based IPA 300 firm Piercy Bowler Taylor & Kern (PBTK) in a deal expected to close on July 1.

“By joining BDO, PBTK clients will still receive the same excellent service from a deep-rooted local team, but will now have access to the additional global resources and capabilities of an international firm,” says PBTK president Thomas Donohue.

Founded in 1990 and now the largest locally owned accounting firm in southern Nevada, PBTK serves clients across the real estate, construction, manufacturing, retail and wholesale, gaming and hospitality, government and non-profit industries. Post-merger, the firm’s nine partners and approximately 60 professionals will continue to serve clients in its Las Vegas, Reno, Nev., and Salt Lake City offices.

“PBTK’s incredible track record of technical excellence and exceptional client service makes them a perfect fit for BDO,” says Wayne Berson, CEO of BDO USA. “Their comprehensive capabilities across multiple business lines and industries, specifically in the gaming and government sectors, will complement and enhance our current strengths in these sectors and triple our size in the region. We look forward to welcoming PBTK’s talented leadership team and professionals to BDO and working together to redefine excellence for our clients in Nevada, Utah and beyond.”

“Yet another example of BDO’s successful growth strategy, this expansion adds enormous value for current and prospective clients, particularly those in the gaming and government industries,” adds Allan Koltin, CEO of Koltin Consulting Group and an IPA most recommended consultant, who advised both firms on the transaction. “Piercy Bowler Taylor & Kern selected BDO because of its aligned and complementary culture, one that prioritizes remarkable client service.”

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Belfint Lyons & Shuman Pays Tribute to Eileen Conner

Eileen Conner

Wilmington, Del.-based Belfint Lyons & Shuman, an IPA 300 firm, announced the passing of Eileen Conner, who started at the firm in 1974, became the first female shareholder in 1982 and retired in 2008.

Calling her a pioneer in the profession who helped pave the way for women through her early promotion of flexible schedules for work-life balance, the firm lauded Conner’s close relationships with clients and team members.

“Eileen left an impression on everyone she met through her friendly, professional manner and her ability to cut to the chase and just get things done,” notes a remembrance posted to the firm’s website. “She will be dearly missed, and we will always remember the impact she had on many of us individually, the community she loved, and the firm with whom she spent many great years.”

Accounting MOVE Project: New Service Lines Bring Women to the Forefront

The 2020 Accounting MOVE Project Report says that several factors are coming together to create “a rare power moment for women.”

One is that Gen X and older Millennials, who may have put their partnership pursuits on pause while starting families, are now seeking those opportunities. Additionally, diversity among consultants shows clients that firms are bringing fresh thinking to the table. At the same time, baby boomer women are eager to leave a legacy “by showing how their investments in rising women have strengthened firms’ futures,” the report says.

The annual report, which also lists the best accounting firms for women, is a project of the Accounting & Financial Women’s Alliance and the Accounting MOVE Project, which is based on research partner Wilson-Taylor Associates’ methodology, which examines money, opportunity, vital supports and entrepreneurship for women.

The report notes that women are leading new lines of business, particularly advisory services.

“Women are perfectly positioned to chart new ways to win new types of business, because they take encouragement and direction from incremental wins,” says Joanne Cleaver, president of Wilson-Taylor Associates.

Listed below is The 2020 Accounting MOVE Project Best CPA Firms for Women. All are IPA 100 firms, with the exception of Lurie and OUM & Co.:

  • Pittsford, N.Y.-based The Bonadio Group
  • San Francisco-based BPM LLP
  • St. Louis-based Brown Smith Wallace
  • Clark Nuber, Bellevue, Wash.
  • New York-based CohnReznick
  • Eide Bailly
  • Minneapolis-based Lurie
  • Louisville, Ky.-based MCM CPAs and Advisors
  • Seattle-based Moss Adams
  • San Francisco-based Novogradac & Company
  • San Francisco-based OUM & Co.
  • Southfield, Mich.-based Plante Moran
  • Troy, Mich.-based Rehmann

The 2020 Accounting MOVE Project Best CPA Firms for Equity Leadership lists firms with at least 30% of women in their partner and principal ranks. Listed  in descending percentage order:

  • Kaiser Consulting, Powell, Ohio – 100%
  • Sarasota, Fla.-based Kerkering Barberio & Co. – 60%
  • Alexandria, Va.-based KWC – 59%
  • Bader Martin, Seattle – 54%
  • Gainesville, Fla.-based James Moore & Co. – 53%
  • Eugene, Ore.-based Jones & Roth – 50%
  • Tucson, Ariz.-based BeachFleischman – 46%
  • Bethesda, Md.-based Councilor Buchanan & Mitchell – 44%
  • Dallas-based Huselton Morgan & Maultsby – 44%
  • Abbott Stringham & Lynch, San Jose, Calif. – 43%
  • Johanson & Yau, San Jose, Calif. – 43%
  • *Clark Nuber, Bellevue, Wash. – 42%
  • Lincoln, Neb.-based HBE – 42%
  • *Pittsford, N.Y.-based The Bonadio Group – 40%
  • *St. Louis-based Brown Smith Wallace – 40%
  • *Louisville, Ky.-based MCM CPAs and Advisors – 39%
  • Atlanta-based Frazier & Deeter – 34%
  • *Troy, Mich.-based Rehmann – 31%
  • *Eide Bailly – 31%
  • *Minneapolis-based Lurie – 30%
  • *San Francisco-based Novogradac – 30%

*Also included on the 2020 Best CPA Firms for Women list

ConvergenceCoaching Recognizes Graduates of Transformational Leadership Program

Leadership and management consulting firm ConvergenceCoaching recently completed the 2019-2020 spring program of its Transformational Leadership Program (TLP) with 25 new graduates. The TLP is a one-year accelerated educational program for CPA and consulting firm new partners and emerging leaders.

“We are excited to celebrate this group of leaders and all they have accomplished during the TLP,” says TLP coach Renee Moelders. “They are in a prime position to apply the change management concepts they’ve learned as they navigate these unprecedented times with their teams and fellow leaders. We are confident in their ability to think strategically and help their firms and clients make decisions and address opportunities and challenges.”

The spring 2019-2020 TLP graduates are:

  • Joseph Ali, partner, PKF O’Connor Davies
  • Mike Arens, tax manager, HBE LLP
  • Troy Banker, shareholder, Geffen Mesher & Company
  • Benjamin Beskovic, tax partner, PKF O’Connor Davies
  • Jamee Bollinger, senior accountant, Grimbleby Coleman
  • Kelly Buck, audit senior manager, Windes
  • Lisa Carrick, partner, Windes
  • Jennifer Decker, partner, Hogan-Hansen
  • Eve Fugiel, senior manager, Weiss & Company
  • Samantha Graboff, partner, Windes
  • Mitch Green, staff accountant, Geenen & Kolean
  • Melanie Jobgen, partner, Casey Peterson
  • Nick Kinsler, senior manager, WellsColeman
  • Greg Malcolm, shareholder, Geffen Mesher & Company
  • Laura Monaghan, partner, Hogan-Hansen
  • Wendy Moran, partner, McGowen Hurst Clark & Smith
  • Bryce Nations, tax partner, Frazier & Deeter
  • Michelle O’Reilly, partner, PKF O’Connor Davies
  • Jennifer Penning, office director, Hogan-Hansen
  • Nalini Singh, senior accountant, Grimbleby Coleman
  • Mike Sippel, principal, Green Hasson Janks
  • April Swartz, owner, Varney & Associates
  • Brandon Waller, audit manager, Weinstein Spira
  • Jim Wilde, tax senior manager, Windes
  • Jonathan Zuckerman, partner, PKF O’Connor Davies

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Calvetti Ferguson Adds New Technology Risk Service Line

Houston-based Calvetti Ferguson (FY18 net revenue of $15.3 million) has introduced a new technology risk service line. Led by partner John Jamison out of the firm’s Dallas office, the new practice will offer services including interim and fractional CIO/CISO, IT internal audits, IT risk assessments, SOC reporting and IT due diligence consulting.

“The reality is that organizations continue to be targets of ransomware and other cyberattacks, so whether our client is on the audit committee or in the C-suite, we will be ready to assist,” says MP Jason Ferguson. “John’s experience advising clients in financial services, data processing and other service organizations is a welcome addition to our firm’s industry expertise.”

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Hancock Askew Admits John McElderry as Partner

John McElderry

Savannah, Ga.-based Hancock Askew & Co. (FY19 net revenue of $19.0 million) has admitted John McElderry as partner.

McElderry joined the firm as a principal in January 2019 through the merger of McElderry & Associates, bringing over 25 years of professional experience in areas such as tax compliance and planning, mergers and acquisitions, disposal and sell side assistance, initial public offerings, financial statement audits and SEC filings.

“This promotion recognizes John’s outstanding accomplishments and his commitment to our firm and core values,” says MP Michael McCarthy. “We look forward to many years of continued leadership together for our clients, community and our employees.” 

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