Frankel Zacharia Promotes Osborne to Partner

Rob Osborn

Frankel Zacharia (FY17 net revenue of $10 million) of Omaha, Neb., has admitted Rob Osborne as partner.

Osborne joined Frankel Zacharia in 2006 as an intern and has been with the firm since that time. He serves in the areas of financial reporting and tax compliance to individuals and closely-held businesses specializing in the firm’s construction, manufacturing, and ERISA-related benefit plan practice areas. Osborne has passed the AICPA’s Advanced Defined Contribution Plan Audit Certificate exam, allowing him to better advise clients on technical matters and perform the highest quality audits for this very specialized practice area.

Seifert Admitted as a Partner at KatzAbosch

Chad Seifert

Timonium, Md.-based KatzAbosch (FY17 net revenue of $17.2 million) announced that Chad Seifert has been admitted into the partnership, effective Jan.1.

Seifert, who joined the firm in 2006, is chair of the firm’s emerging business and outsourcing department and is a member of the medical practice services group. He specializes in a full range of accounting, tax and consulting services for clients, including compilation services with closely held businesses across many industries.

Seifert calls KatzAbosch “a forward-thinking and innovative firm with many talented professionals and leaders.”

Calvetti Ferguson Acquires Mayrath & Co.

Nick Mayrath

Houston-based Calvetti Ferguson (FY17 net revenue of $11.5 million) has acquired Mayrath & Co. of Dallas on Jan. 1, with the intention to further expand in the Dallas-Fort Worth area.

The firm says it now has 100 professionals across six offices in Texas, in Houston, The Woodlands, San Antonio, Cleburne, Dallas and Fort Worth.

Founder Nick Mayrath, president of Mayrath & Co., joins Calvetti Ferguson as a tax partner. Mayrath says he was honored when presented with the opportunity to join the firm. “Calvetti Ferguson’s culture, reputation and dedication to clients is unparalleled. Their industry expertise and integrated service offerings will allow us to better serve our clients.”

Calvetti Ferguson MP Jason Ferguson says, “Since our founding in 2003, our approach has been to grow organically as well as acquire firms with an entrepreneurial culture and trusted business advisor mindset.”

A total of 11 professionals from Mayrath & Co. will join the Calvetti Ferguson office in Dallas.

Brown Schultz Sheridan & Fritz Names New Principals

Robyn Dougherty

Robyn Dougherty

Camp Hill, Pa.-based Brown Schultz Sheridan & Fritz (BSSF) (FY17 net revenue of $14.1 million) announced that Robyn Dougherty and Mary Kay Toth have been promoted from senior manager to principal Jan. 1.

“Robyn and Mary Kay have been an integral part of our team, showing leadership both in their professional work and their mentorship of others in the firm,” said Ken Wolfe, managing principal and president of BSSF. “We could not be more pleased to have them on our team and are proud of their accomplishments.”

Mary Kay Toth

Mary Kay Toth

Dougherty specializes in audits of employee benefit plans and also serves as a key member of the firm’s employee benefit plan management group. She is considered a technical expert in the industry. She also serves a number of family-owned and closely held organizations in a variety of industries.

Toth specializes in tax services and small business accounting services. She consults with a wide variety of small business clients, assisting them with their financial and tax needs. In 2018, she was named one of Central Penn Business Journal’s Women of Influence.

Tom Walter Joins Mengel Metzger Barr

Mark J. Kovaleski

The firm of CPA Tom Walter of Canandaigua, N.Y., recently joined Rochester, N.Y.-based Mengel Metzger Barr & Co. (FY17 net revenue of $14.5 million).

Walter has worked as an accountant in the Rochester and Finger Lakes region for over four decades.

“Tom’s long been a cornerstone of the Rochester and Finger Lakes accounting industry,” says MP Mark Kovaleski. “His extensive expertise, along with his loyal group of clients, are a fantastic addition to our growing Canandaigua office, which has tripled in staff size since we opened it in 2014.”

Two Georgia Firms Announce Merger

Tracy G. Sharkey

Dublin, Ga.-based TJS Deemer Dana LLP (FY17 net revenue of $14.4 million) has announced its most recent expansion through a merger with Lew Salmon and team members.

Salmon founded Salmon Barton & Associates of Atlanta in 2010. The team provides a full range of accounting, tax and advisory services, with a specialization in the insurance industry.

TJSDD operates from four offices in Georgia – Dublin, Savannah, Atlanta and Duluth. With the combination, effective Dec. 1, the firm will have 122 employees.

“This combination allows us to extend our geographic footprint within Atlanta and beyond and add a great group of talented people all committed to helping clients achieve success,” says MP Tracy G. Sharkey.

Salmon says, “We have a long history of strong relationships with entrepreneurial businesses and individuals in the Greater Atlanta community. TJS Deemer Dana LLP shares our philosophy of helping our clients grow and succeed, and the merger will broaden and deepen our existing industry specializations, enabling us to offer more comprehensive business advice tailored to our clients.”

Salmon and his team members will continue to serve clients from their current office in Atlanta. Assisting in the merger was Transition Advisors, a merger and acquisition consulting firm serving the national accounting community.

TDT CPAs and Advisors Opens Larger Office in Des Moines

Jerry Kirkpatrick

Centerville, Iowa-based TDT CPAs and Advisors (FY17 net revenue of $11.3 million) has relocated its West Des Moines office to a new and larger space.

The space features TDT’s new branding, which was unveiled in May. The new office also provides the TDT staff with a mix of traditional office and open space, meeting the needs of staff in a variety of positions and generations. A large conference room, two small collaboration rooms, and multiple open collaboration spaces can be found among the personal offices and pods of cubicles.

MP Jerry Kirkpatrick says, “We entered the Des Moines market in February of 2016 with our primary goal being recruiting new team members. In the following two years, our Des Moines team and goals have grown. This larger space exemplifies our future firm, brand, and purpose to proactively help our clients achieve better results. We plan to see continuous progression, development, and advancement of our team and our clients in our new space.”

The new office is located at 1245 Jordan Creek Parkway in West Des Moines. The firm operates nine offices across the state of Iowa.

MSPC Announces Executive Team Changes

Patrick Trombetta

Cranford, N.J.-based MSPC Certified Public Accountants and Advisors (FY17 net revenue of $10.6 million) has announced that Jon Gagliardi, with more than 30 years of experience with the firm, has been named MP.

Gagliardi, who has a wide range of technical expertise, focuses on accountability and independent thinking. “We see a trend toward more consultative services. Clients need much more than tax returns and financial statements these days. They need professional advice on everything from growth to business wind-down.

We are focused on expanding our offerings to meet clients’ needs no matter where they are in the business life cycle,” notes Gagliardi. As part of the firm’s revised executive structure, Patrick Trombetta assumed the newly created COO role.

Richard Montalbano

Trombetta, who heads the firm’s employee benefit plans practice, takes on the management of firm operations. By sharing responsibilities, Gagliardi and Trombetta can both continue to serve their existing client base while handling various components of the Firm’s infrastructure.

MSPC also welcomes Richard Montalbano to the executive committee. Montalbano is PIC of MSPC’s New York office and has significant experience in complex tax situations and working with international clients.

James Flannery ended his 10-year term as MP Oct. 31. He will continue to serve on the executive committee in an advisory role for a year ensuring a smooth transition. He will now resume more active client relations assisting with consultative services such as mergers and acquisitions and succession planning.

MWA Joins CLA

Michael White

MWA CPA + Business Advisors, with offices in Plano and Fort Worth, Texas, joined Minneapolis-based CliftonLarsonAllen (FY17 net revenue of $866 million) on Nov. 1.

“As problem solvers and business builders, everything we do is designed to strengthen the people and organizations we serve,” says Mike White, MP of MWA. “Joining CLA means we can take this promise to another level. The synergies between MWA and CLA in the health care space, along with our shared focus on the small business owner and entrepreneur, allow us to expand the opportunities we can create for our clients, our people and our community.”

MWA is a team of CPAs, business advisors and accountants that focuses on client service and the delivery of enhanced accounting and advisory services to the community in Dallas-Fort Worth and beyond.

“Culturally and strategically, this is a fantastic fit and a lot of fun,” says Jerry McMillon, managing principal of CLA’s Dallas office. “Our clients count on us to know them, uncover opportunities and bring new ideas that can move them forward faster.”

Allan D. Koltin, CEO of the Koltin Consulting Group, and advisor to both firms says, “CLA is performing nationally at a level that is off the charts compared to their peers. The team’s leadership, innovation and endless passion for delivering a great client experience truly distinguish them in the markets they serve. CLA’s ability to develop talent and future leaders is as good as you will see in the industry today.”

Koltin continues, “MWA is the kind of firm that many regional and national firms wanted on their team, but CLA’s strategy, culture and service offerings made for the perfect alignment. Mike White is a one-of-a-kind leader – he is young, entrepreneurial and has an amazing skill that allows him to relate to people and clients and make a difference in their lives.

More than 40 former MWA team members will continue to serve clients locally and nationally from Plano and Fort Worth, expanding CLA’s Texas team to more than 200 professionals.

Acquisition Expands CBM Financial Planning and Investment Management Services

Councilor Buchanan & Mitchell (CBM), with offices in Bethesda, Md., and Washington, D.C., acquired May Barnhard Investments (MBI) on Nov. 1.

MBI, a fee-only financial management firm, provides comprehensive financial planning and investment management services.

MBI was founded in 2013 by Debora May, Judith Barnhard, Jeff May and Alex Seleznev. Debora and Jeff May and Barnhard were partners at May & Barnhard, a tax and financial consulting firm that merged into CBM in 2017. MBI will serve as CBM’s comprehensive financial planning and investment management affiliate under the management of Debora May, Barnhard and Seleznev, respectively chief investment officer, chief compliance officer and chief operating officer.

“CBM feels fortunate for our clients to be able to benefit from the expertise of MBI. With the addition of two chartered financial analysts and six certified financial planners we look forward to providing comprehensive financial planning, tax and investment management services,” says CBM MP Peter B. Reilly. “Debbie and Judy have done a great job in building such a highly regarded investment and financial management firm, and we at CBM are glad to be a part of it.”

“Since May & Barnhard joined CBM on Nov. 1, I’ve been pleased to see how well the financial services team we built, MBI, has become a reliable supplement to CBM’s core service areas,” says Debora May.