Two Texas Firms Combine

Tyler, Texas, accounting firms Jerry Nelson & Associates and Gollob Morgan Peddy (Fy17 net revenue of $11.6 million) merged operations on Aug. 1.

According to a news release, the entire staff of Jerry Nelson & Associates joined Gollob Morgan Peddy in Tyler and the Nelson, Texas, office closed Aug. 6.

One of Jerry Nelson & Associates’ primary specialties is the construction industry, which is expected to complement the strong construction division at Gollob Morgan Peddy.

“Jerry and his staff share the same core values of client service we practice here at Gollob Morgan Peddy,” MP Shane Rohrbach says. “We believe this merger will be a great fit for Jerry’s clients and his staff. We expect a seamless transition between our companies.”

Congratulations to the 2018 IPA 200 and 300 Firms

The IPA 200 list takes up where the IPA 100 leaves off, ranking the 101st through 200th largest accounting firms in the nation. The accompanying analysis, scheduled for the September issue of IPA, is one of the most comprehensive, accurate and largest of its kind and reflects the “state of the union” of the profession.

The annual IPA 300 list takes up where the IPA 200 leaves off, ranking the 201st through 300th largest accounting firms in the nation.

View the 2018 IPA 100, 200 and 300 rankings.

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About The Platt Group and INSIDE Public Accounting

INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report.

New Partners, CIO and Principal Announced at Tidwell Group

Jeremy Densmore

Jeremy Densmore

Birmingham, Ala.-based Tidwell Group (FY17 net revenue of $15.2 million) continues its expansion with the promotion of two new partners and a principal.

Tidwell Group has admitted Jeremy Densmore and Wayne Jordan as partners and Chris Bailey as a principal. Each has established themselves as industry leaders in their respective specialties and will continue their important contributions as the newest members of Tidwell Group’s leadership team.

Densmore is an assurance partner in the Atlanta office. He has extensive experience in Section 42 low income housing tax credit projects, consulting with real estate developers with an emphasis in partnership audits, the tax credit application process and engagements subject to the audit requirements of the U.S. Department of Housing and Urban Development (HUD).

Wayne Jordan

Wayne Jordan

Jordan is a partner and the CIO at Tidwell Group. His responsibilities for the firm include a wide variety of strategic technology initiatives, governance and policy, resource allocation, information technology protocols and the Tidwell Information Technology organization.

Bailey is a principal for the audit team in the Columbus, Ohio office at Tidwell Group. He has more than 15 years of experience in the accounting industry, providing services for both public and privately held companies. He plays an integral role in the audit process for not-for-profit organizations as well as HUD, Rural Development and Section 42 low income housing tax credit projects.

“Each of these individuals has consistently provided experience and leadership for Tidwell Group and its valued clients,” says Barry Tidwell, national MP. “As our senior leadership team continues to expand, we expect that Tidwell Group will continue to provide the exceptional service and expertise our clients deserve within the affordable housing industry.”

DMJ Admits Miller to Partnership

Susan Miller

Susan Miller

Greensboro, N.C.-based DMJ & Co. PLLC (FY17 net revenue of $12.5 million) announced that Susan Miller was admitted as partner, effective July 1. Miller will also serve as the PIC of the firms Durham, N.C., office.

Miller has worked in DMJ’s Durham office since 2005. She has spent her entire career in public accounting, spanning more than 25 years. She specializes in individual and corporate tax, as well as business consulting through tax consulting and compliance engagements. She works directly with a variety of clients in the service, medical, retail, and construction industries.

Phil Hutchings will continue his work with DMJ’s Durham office for the foreseeable future; however, he will transition to a reduced workload.

Hood & Strong LLP Admits McArthur and Zhou as Partners

Chad McArthur

Chad McArthur

San Francisco-based Hood & Strong LLP (FY18 net revenue of $16.5 million) announced that Chad McArthur and Jerry Zhou have been admitted as partners in the firm.

McArthur, who previously served as a tax director at Hood & Strong, has more than 12 years of public accounting experience and specializes in advising high net-worth individuals and closely-held businesses in a wide variety of industries. He consults on a variety of tax issues including multi-state income tax complexities, flow-through allocations, like-kind exchanges and cost segregation studies. Prior to Hood & Strong, he worked at both large and small CPA firms, with an array of clients.

Jerry Zhou

Jerry Zhou

Zhou, who previously served as an assurance and advisory director at Hood & Strong, joined the firm in 2004. He leads the firm’s merger and acquisition transaction advisory practice providing due diligence and quality of earnings analysis for lower to middle-market companies throughout the U.S. In addition, he has extensive experience working with nonprofit organizations. Prior to joining Hood & Strong, Zhou worked in the private industry at a publicly traded company.

“On behalf of the Hood & Strong partners, I am thrilled to welcome Chad and Jerry to the partner group,” says Susan Malone, Hood & Strong MP. “Chad and Jerry’s diverse backgrounds and areas of expertise complement our leadership team and will help us continue to be the accounting firm of choice for individuals, businesses and exempt organizations in the U.S.”

Bowman & Company Launches Federal Services Department

Voorhees, N.J.-based Bowman & Company LLP (FY17 net revenue of $16 million) has launched a Federal Services practice in order to bring their 79 years of accounting, tax, audit and consulting experience to both federal entities and contractors working with the federal government.

Spearheading this new venture is Federal Services director Michael Mertz. As a former Supervisory Auditor for the Defense Contract Audit Agency with an extensive background in audits of commercial, governmental and not-for-profit organizations, Mertz utilizes his experience to help Bowman provide world-class service to the federal government and contractors alike.

“Providing comprehensive, reliable, and trustworthy services to local and state government clients has been a core part of Bowman’s business for decades, and we are proud and excited to bring these services to the federal level,” says Michael Cesaro, MP. “Michael’s experience, combined with Bowman’s established skills and resources, will allow us to extend our expertise to an exciting new range of organizations.”

BRC Names Moody as Firm’s First CEO

Alisa Moody

Alisa Moody

Greensboro, N.C.-based Bernard Robinson & Co. LLP (FY17 net revenue of $16.1 million) is proud to announce the appointment of Alisa Moody as the firm’s first CEO. Moody has contributed to the firm in numerous roles over her 27 years. She has significant experience as a firm resource serving most recently as the firm’s COO. Her focus will be to implement strategy and guide the firm’s financial, administrative and operational structure.
“Alisa will sustain our forward and upward trajectory,” says Wade Pack, BRC’s MP. “She will ensure we properly support the firm and everyone in it. I couldn’t be happier for Alisa, or for our firm.”

“Alisa’s vision and unique ability to assess firm operations brings excitement to everyone as our first Chief Executive Officer,” says Andy Harding, director of Practice Development. “Alisa knows how to leverage all practice areas to successfully grow a professional services firm”.

Today BRC operates as a leading CPA firm with trusted business advisors engaged in guiding middle market companies, family businesses, private companies, not-for-profit organizations, estates, trusts and government entities with dedicated teams who also serve several key industry sectors. BRC serves clients across North Carolina and throughout the Southeast.

Stambaugh Ness Celebrates 100th Anniversary

York, Pa.-based Stambaugh Ness (FY17 net revenue of $13.5 million) is celebrating its centennial, marking 100 years of client service. Founded by Harry Ness in 1918 as a small tax and accounting firm in York, Stambaugh Ness has evolved into a multi-discipline, professional services family of companies who help clients identify pathways for success.

In honor of this milestone, Stambaugh Ness is recommitting to their employees, clients and the industries they serve. This includes the firm’s recent reorganization which puts an emphasis on providing solutions and services that position clients to be future-ready. Additionally, Stambaugh Ness announced the firm’s new purpose, values, and vision which will lead them into the next century of client service.

“Our centennial presents a significant opportunity to look forward,” says Steven Hake, Stambaugh Ness President and CEO. “Through years of continual disruption within the business marketplace and the professional service industry, we have continued to embrace change and use it to propel our purpose, to provide extraordinary experiences for our employees and clients. We recognize that we would not be celebrating this milestone without the ongoing support and loyalty of many, and we proudly share this moment with everyone who has been part of our journey.”

KerberRose Names New MP

Michael Ruby

Michael Ruby

Shawano, Wis.-based KerberRose (FY16 net revenue of $10.3 million) announced that Michael Ruby has been named MP, effective June 1.

With 28 years of experience within KerberRose and the accounting industry, Ruby was selected by the firm’s shareholders to lead the growth and expansion throughout Northeast and North Central Wisconsin. He currently manages 23 accountants and team members in the Green Bay, Wis., office.

“We are pleased with the decision to officially announce the management change within the firm. Although I will be retiring from managing partner duties at the firm, I will still remain active on an accounting level. I look forward to seeing where Michael will take the firm in the coming years,” says David Kerber.

David Kerber, founder of KerberRose has been managing and operating KerberRose since the firm’s inception in 1979. Over the past 30 years, the firm has expanded its geographic reach, increased the number of clients served, as well as adding a significant staff to meet the needs of clients.

BDO USA Acquires Smith & Gesteland

Chicago-based BDO USA LLP (FY17 net revenue of $1.4 billion) announced an expansion of its Wisconsin practice through the addition of 85 staff, including 15 partners, from Smith & Gesteland LLP (FY16 net revenue of $15.4 million) of Middleton, Wis., effective July 1.

Smith & Gesteland provides accounting, tax, human resource management and information technology services to a client base of middle market businesses. The firm has an “80/20” consulting practice that helps clients focus on critical success factors to enhance profitability. S&G has significant strength in the construction, technology, manufacturing, nonprofit and real estate industries.

“I look forward to welcoming all of the partners and professionals of Smith & Gesteland to BDO USA. Our firm has demonstrated steady growth in the Madison market and this combination will greatly enhance our presence in both Madison and the greater Wisconsin market,” says Wayne Berson, CEO of BDO USA. “S&G’s entrepreneurial culture is a natural fit with BDO. They bring significant resources to our existing industry strengths in real estate, nonprofit, manufacturing, construction and especially technology, where we will be the dominant firm in the market.”

“In combining with BDO, we will form the leading firm serving middle market businesses in the Madison market, while providing both our clients and our people with additional opportunities for growth,” says Bill Pellino, MP of S&G. “Our clients will still receive the same close personal attention they have come to expect from our team, but now they will have access to a wider array of services, broader industry experience, and the full coverage of BDO’s extensive global network.”

Upon completion of the transaction, Pellino will serve as the Tax MP for BDO’s Wisconsin practice and Dan Kramer will continue in his existing role as BDO’s Assurance MP for Wisconsin.

“In all my years of consulting in the Wisconsin market, I cannot recall a firm more sought after by both national and regional suitors than S&G,” says Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the transaction. “In the end, S&G felt BDO’s culture – very similar to their own – was the right fit. They also valued the depth of resources BDO can provide their clients and the growth opportunities it provides their associates. BDO really valued S&G’s strong leadership and depth of talent.”