KPM CPAs & Advisors Names New Shareholders

Springfield, Mo.-based KPM CPAs & Advisors (FY17 net revenue of $15.7 million) named Rebecca Friedrich, Angela Rebmann and Jessica Stokes as shareholders.

Friedrich has more than 12 years of audit experience and serves clients in the non‐profit, education and governmental industries. Her practice emphasis includes school districts, municipalities, counties, colleges, utilities and non‐profit organizations.

Rebmann has more than 16 years of experience and provides accounting and audit services to clients primarily in the manufacturing, wholesale and retail industries, as well as employee benefit plans.

Stokes has more than 14 years of accounting experience and provides audit services to clients in the non‐profit and governmental industries. Her practice emphasis includes municipalities, school districts, special districts, housing and urban development projects, and non‐profit organizations.

Mengel Metzger Barr & Co. Acquires Raymond Wager CPA

Effective Jan. 1, 2018, Rochester, N.Y.-based Mengel Metzger Barr & Co. (FY16 net revenue of $14.3 million) will acquire Henrietta, N.Y.-based Raymond Wager CPA, a firm specializing in municipal and nonprofit accounting.

The combined company will have more than 100 employees and 20 partners. Wager, along with colleagues Tom Lauffer and Tom Zuber, will lead a new division focused on governmental and public-school district clients.

“Our growth plan calls for mergers with organizations just like Ray Wager’s firm. They bring an industry niche that we currently don’t have, they bring talent and most importantly, it is a great cultural fit,” says Mark Kovaleski, MP for Mengel Metzger Barr & Co.

HMWC CPAs & Business Advisors Admits Two Partners

Glenn Carniello

Glenn Carniello

Tustin, Calif.-based HMWC CPAs & Business Advisors (FY17 net revenue of $11 million) admitted Glenn Carniello and Rachel Rico as partners.

Carniello has more than 25 years of experience in public accounting. He will serve clients as a partner in the firm’s business assurance services department and will supplement and enhance the firm’s construction practice serving general contractors, subcontractors and specialty trade contractors. He also serves clients in the engineering, manufacturing and distribution, and technology consulting sectors.

Rachel Rico

Rachel Rico

Rico has more than 20 years of experience in public accounting. She will serve clients as a partner in the firm’s business assurance services department, providing financial statement audits, review and compilations. She will also advise clients in business advisory services, such as mergers and acquisitions, tax planning, cash flow management, bid rate analysis and overhead analysis. Rico’s industry experience includes construction, franchisors, manufacturing and distribution, service and not-for-profit.

Hantzmon Wiebel Names Lehman CEO

Jennifer Lehman

Jennifer Lehman

Hantzmon Wiebel (FY16 net revenue of $13 million) of Charlottesville, Va., names Jennifer Lehman as chief executive officer. She previously served as chief operating officer and is the first female CEO of Hantzmon Wiebel.

“We have been working together on this transition for some time now and I know that Jennifer will be a great CEO and leader for us going forward,” says Phillip Shiflett, previous CEO, who will continue to work with clients on a full-time basis. “I see her guiding the firm through its 100-year anniversary and beyond. She has the vision and abilities to continuously improve our organization and promote our shared values.”

Lehman joined Hantzmon Wiebel in 1997 and served as the COO since 2007. She is a co-PIC of employee benefit plan audits, and also works with high net worth individuals and a variety of clients.

“We are poised to embrace the fast-paced change in our profession with an outstanding team of professionals. I am honored by this opportunity to continue facilitating the success of the community and businesses that we serve as we prepare for our centennial anniversary in the next decade,” says Lehman.

Two North Carolina Firms Merge

Greensboro, N.C.-based Bernard Robinson & Co. (FY16 net revenue of $15.8 million) acquired Oscar N. Harris & Associates of Dunn, N.C. The merging of the two firms gives Bernard Robinson a fourth location and more than 140 employees.

“Our organization is committed to continuously enhancing the depth and breadth of our client-service capabilities and adding these professionals to our group will do just that,” says Wade Pack, MP of Bernard Robinson. “Their commitment to building strong relationships in the area and creating a great place to live and work matches perfectly with our culture.”

RPC CPAs + Consultants Joins Carr Riggs and Ingram

Enterprise, Ala.-based Carr Riggs & Ingram (FY16 net revenue of $235.8 million) has acquired Albuquerque, N.M.-based RPC CPAs + Consultants (FY16 net revenue of $15.3 million). The RPC team joins more than 1,800 CRI professionals currently serving clients across the southern U.S.

RPC provides accounting and auditing, tax compliance and planning, business consulting, and small business accounting services with particular industry expertise delivered to agricultural, energy, governmental, nonprofit, construction and real estate clients.

“Joining CRI positions us to grow our practice and strengthen our competitiveness in this increasingly global marketplace,” says Ray Roberts, RPC MP. “By sharing back office support and functions, our team can focus on maximizing the success and growth potential of our clients.”

“I’ve had the opportunity to get to know Ray and his team this year, and our firms’ values and business philosophies fundamentally align,” says Bill Carr, CRI’s chairman and MP. “Leveraging the synergies of our combined teams and resources serves only to enhance our client service delivery and technical expertise.”

Stambaugh Ness Acquires Artisan Value Advisors

York, Pa.-based Stambaugh Ness (FY16 net revenue of $15.7 million) acquired York, Pa.-based Artisan Value Advisors, a specialized business valuation and consulting firm.

Artisan’s founder, Glenn Spinello will join SN as a principal and lead the firm’s new value advisory practice area, which will provide business owners with specialized services to identify the value and value drivers and develop actionable plans.

“This acquisition reflects SNs commitment to build and strengthen our service menu with sophisticated solutions that proactively meet the growing and complex needs of our clients,” says Steven Hake, SN president and CEO. “Through the combined forces of SN and Artisan, we will campaign to educate and engage with business owners to deepen their understanding of business value, and specifically how to grow that value and integrate it as part of their succession planning.”

Trout Ebersole & Groff Acquires Wolfe Valuation

Lancaster, Pa.-based Trout Ebersole & Groff (FY16 net revenue of $14.8 mllion) has acquired business valuation firm, Wolfe Valuation.

W. Michael Wolfe, who will join as a partner, has experience in business valuation, value optimization, fair value generally accepted accounting principles, and international financial reporting standards. Additionally, he has substantial experience with mergers and acquisitions, valuing business enterprises and closely-held securities, and intellectual property.

Prior to forming Wolfe Valuation, he spent 13 years as a valuation services partner and practice leader with large regional firms in the Philadelphia market. He has also served as an expert witness in legal proceedings relative to valuation issues.

Glenn Burdette Acquires Radakovich Shaw & Blythe

Effective Nov. 1, San Luis Obispo, Calif.-based firms Glenn Burdette (FY16 net revenue of $11.1 million) and Radakovich Shaw & Blythe plan to combine.

Radakovich Shaw & Blythe principals Mike Radakovich, Ed Shaw, Anne Blythe and Bonnie Blanchard will join Glenn Burdette as principals. Glenn Burdette will retain RS&B offices on San Luis Obispo as “A Division of Glenn Burdette.”

“By joining forces, we not only grow in size, but Glenn Burdette gains additional expertise in business valuation and litigation support, and RS&B assures its clients that they will be served for years to come. It’s an exciting synergy,” says Glenn Burdette president and managing director Dan O’Hare.

The combined firms will have more than 80 employees representing private sector clients in agriculture, hospitality, estate and trust, real estate and construction, health care and other industries. Public sector clients include municipalities, special districts and other government bodies throughout California.

Tidwell Group to Move Atlanta Office

Birmingham, Ala.-based Tidwell Group (FY16 net revenue of $11.3 million) has announced plans to move their Atlanta office to The Palisades Office Park.

“Tidwell Group evaluated numerous locations within the Atlanta region in its search for larger office space,” says MP J. Barry Tidwell. “We ultimately selected The Palisades Office Park based on its ability to meet our needs for quality Class-A Space in the perimeter area given its central location to Atlanta, quick access to major highways, local amenities attractive to our employees, and close proximity to many clients. I would like to thank Josh McCabe (partner), and Joshua Northcutt (Atlanta MP) and the staff of Tidwell Group for all their dedicated work in helping us evaluate, design, and realize this new location. We look forward to maintaining and accelerating our company’s growth at this location over the next decade as we continue to provide quality, innovative, and value-add service and solutions to the affordable housing industry.”