MGO Merges in New York Firm

Los Angeles-based MGO (FY21 net revenue of $98.1 million), an IPA 100 firm, has announced that it has merged in Nussbaum Berg Klein & Wolpow CPAs (NUSSBAUM), with offices in Melville, N.Y., and Manhattan. MGO will add the firm’s 73 team members, including all 11 partners.

Founded in 1990, NUSSBAUM serves middle market businesses and high-net-worth individuals on the East Coast, offering a full spectrum of accounting, auditing, tax and business advisory services for closely held entrepreneurial businesses and public companies.

“The East Coast’s concentration of wealth and emerging cannabis markets give us an opportunity to continue building value and establishing best practices through our private client services group, cannabis practice and other industry initiatives,” says Kevin O’Connell, CEO and MP of MGO.

Steve Wolpow, who joins MGO as the OMP in Melville, says, “This is a unique opportunity to enhance the services and client experience NUSSBAUM is known for by leveraging MGO’s size and international footprint. This is a momentous step for both our clients and our professionals, and we are excited about the future as part of MGO.” Former NUSSBAUM partners and team members will continue to operate from the Melville office.

Joe Tarasco, CEO of Accountants Advisory Group, who advised both firms on the transaction said, “This deal makes MGO a major player in Long Island, New York, with its second combination in the area. MGO is one of the fastest-growing CPA and advisory firms in the U.S., and the firm continues to expand on the East Coast to offer its deep industry expertise that has made MGO so successful.”

BDO USA Goes Back to the Future with IPA 200 Acquisition

Chicago-based BDO USA, an IPA 100 firm, is merging in Denver-based IPA 200 firm ACM LLP in a deal expected to close on Aug. 1. ACM has been a member of the BDO Alliance since 2002 and was a part of BDO prior to that.

From its offices in Denver, northern Colorado, Boulder and Laramie, Wyo., ACM provides assurance, tax and consulting services to companies ranging in size from start-up organizations to established entities with multi-state and international operations. BDO will add 167 professionals from ACM and will maintain the firm’s four existing offices.

“In officially welcoming back ACM partners and professionals to BDO, we expand our resources in the Rocky Mountain region and open up opportunities for our people to thrive,” says Wayne Berson, CEO of BDO USA. “From industry focus to market-facing strategy to advanced technical attention, BDO and ACM bring incredible insight and industry-leading creativity to our work. Our common commitment to prioritizing exceptional client service and supporting our people will ensure a seamless transition for clients in the weeks and months ahead.”

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Williams-Keepers Merges in Fellow Missouri Firm

Columbia, Mo.-based Williams-Keepers LLC, an IPA 300 firm, has acquired Mid-Missouri Accounting Services of Mexico, Mo.

Established in 1989, Mid-Missouri Accounting specializes in accounting, tax, payroll and bookkeeping for independent grocers in Missouri and other small businesses and individual clients. Company founder Stephen Thoenen and most of the firm’s six-person staff will transition to full-time roles in the merged company and will relocate to Williams-Keepers’ Columbia office by the end of August.

“This is a tremendous opportunity for both companies and, most important, the clients we serve,” says Williams-Keepers chairman Jeff Echelmeier. “The combined talents of our companies add to our long-standing ability to provide businesses and organizations with a full suite of accounting, consulting and compliance services.”

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Brixey & Meyer Acquires Access Control Systems

Brixey & Meyer Capital, a subsidiary of Miamisburg, Ohio-based IPA 400 firm Brixey & Meyer Inc., has acquired Nashville, Tenn.-based Access Control Systems (ACS). ACS is a distributor, system integrator and installer of high-end residential and commercial automated gate systems, parking control systems, commercial security systems and surveillance systems.

“ACS is a leader in its market due to the team’s unparalleled knowledge and skill in design and installation of some of the most complex access control systems with the ultimate focus on quality and safety,” says Brixey & Meyer Capital CEO David Brixey. “We believe with our resources we can accelerate ACS’s already impressive growth through supporting the expansion of the product offerings as well as the geographical reach.”

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CBIZ Acquires Insurance Firm

IPA 100 firm CBIZ & MHM of Cleveland and Kansas City, Mo., has acquired Prince-Wood Insurance of Woodbridge, Va.

Established in 1967, Prince-Wood provides property and casualty insurance to small and mid-sized businesses in northern and central Virginia, Maryland and Washington. The company has seven employees and approximately $1.2 million in annual revenue.

“Despite the impact of the ongoing COVID-19 pandemic, our property and casualty business continues to grow coming off a very strong year of performance in 2019,” says CBIZ president and CEO Jerry Grisko. “Prince-Wood is an ideal partner given their long-standing local presence and deep client relationships.”

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MNP Acquires Outsourced IT Company Next Digital

Calgary, Alberta-based MNP is set to acquire outsourced IT service and support company Next Digital effective Aug. 1.

Focusing on areas in Alberta and western Canada, Next Digital’s services include managed IT, hardware and software procurement, IT project management, data protection and cloud services. Next Digital’s Andrew Jackson, Shawn Kubiski and John McLaughlin will join MNP as partners.

“The needs of Canadian organizations are quickly evolving in this dynamic environment, and we are constantly working with our clients to better understand how we can best support them,” says Sean Devin, national leader of MNP’s technology solutions practice. “This merger reflects our commitment to always look for new ways, including the use of new technologies, to help our clients reach their full potential.”

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Cherry Bekaert Grows Austin Presence With Acquisition

Richmond, Va.-based IPA 100 firm Cherry Bekaert is beefing up its presence in the Austin, Texas, market by merging in PMB Helin Donovan – its third acquisition in the area since 2018. PMB partners Don McPhee, Kelly Logan and Chris Bona and more than 20 professionals from the firm will join Cherry Bekaert’s Austin practice.

“The Austin community continues to be a strategic growth market for Cherry Bekaert,” says CEO and MP Michelle L. Thompson. “The PMB team’s long-standing reputation and alignment to our shared values made it a great fit. We look forward to continuing to bring Cherry Bekaert’s deep expertise in the technology, life sciences and advanced manufacturing industries, among others, to the growing, diverse and innovative central Texas area.”

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Cohen & Company Shifts into New Gear

Insurance Acquisition Corp., a subsidiary of Cleveland-based IPA 100 firm Cohen & Company, will merge with automotive e-commerce firm Shift Technologies Inc. of San Francisco.

Founded in 2013, Shift uses proprietary technology to deliver a comprehensive and seamless experience for both car buyers and sellers, including listings, test drives, paperwork, financing and more. When the deal is completed in the third quarter of this year, Shift’s existing management team will lead the combined entity, which will operate under the name Shift Technologies Inc.

“We are excited to partner with Shift and its world-class management team as it leverages its technology platform to disrupt the $840+ billion used car market,” says Insurance Acquisition Corp. board chairman Daniel Cohen. “With its tremendous, ongoing success in its core markets, we believe that this merger and its accompanying capital infusion will enable Shift to expand its product offerings and execute on its growth strategies.”

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BDO Expands on Two Separate Fronts

Chicago-based BDO USA, an IPA 100 firm, is merging in two firms to expand its industry and geographic reach. The acquisition of Detroit-based CFO Advisors LLC adds a national professional services firm providing outsourced CFO and CDO services to restaurant and retail groups across the U.S. to the BDO portfolio, while the addition of MorganFranklin Consulting’s public sector practice gives the firm an increased presence in the greater Washington area.

CFO Advisors has provided financial advisory, financial planning and analysis and actionable analytics to multi-unit restaurants and retail brands since 1994. The firm’s six partners and professionals will join BDO on July 15, continuing to work out of their Detroit office.

“BDO USA eagerly welcomes the experienced partners and professionals from CFO Advisors, a trusted ally to retail and restaurant brands for over 25 years,” says BDO’s national MP for advisory services Jay Duke. “Their tailored financial advisory and data analytics services tell the stories behind financial statements and identify strategic solutions to help clients grow. With this combination, BDO USA and CFO Advisors will be the largest advisor of this kind, helping restaurants and retailers mitigate risk and focus on resiliency as they navigate the current economic climate.”

MorganFranklin’s public sector practice, meanwhile, specifically works with a diverse portfolio of government agencies, including the Department of Defense, the U.S. Army, the U.S. Marine Corps, the Department of Veterans Affairs, the Department of Labor and various civilian and defense agencies and commands, as well as several state and local government entities.

“MorganFranklin Consulting’s strong relationships, distinguished reputation and proud service history in the public sector have made them the top choice for federal and state and local government agencies,” says BDO CEO Wayne Berson. “Their trusted public sector leadership team and demonstrated quality and consistency of work bolsters our practice and enhances our offerings for current and future clients in the D.C. market and beyond.”

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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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