Dean Dorton Acquires Metro Medical Solutions

Louisville, Ky.-based Dean Dorton Allen Ford (FY16 net revenue of $25.6 million) has expanded its health care services in Kentucky by acquiring Metro Medical Solutions, a long-standing physician billing and credentialing company located in Louisville.

The new physician billing and credentialing services will be combined with Dean Dorton’s existing health care consulting practice and branded as Dean Dorton Healthcare Solutions.

“We are enthusiastic about the high level of service and expertise Metro Medical Solutions has provided its notable client base and the opportunity to expand services to our current clients, which includes many physician practices,” says David Bundy, president and CEO of Dean Dorton. “Metro Medical Solutions is highly regarded in their ability to maximize reimbursement for physician practices in a short amount of time at a low cost, creating tailored solutions for each client.”

Dean Dorton can now offer a full range of services, from accounting and financial outsourcing to billing and credentialing. “We are now able to handle all back-office functions, which can allow physicians to focus solely on the demands of their clinical practice,” says Adam Shewmaker, director of health care consulting services at Dean Dorton.

January Taylor, president of Metro Medical Solutions, says the merger gives clients a broader range of specialty capabilities, advice and solutions. “In addition, we want to offer more opportunities for our employees and referral partners who are the backbone of our business.”

Dean Dorton Healthcare Solutions includes a team of more than 20 experts who specialize in health care accounting and financial outsourcing, medical billing and credentialing, revenue cycle management, compliance and risk management, technology, human resources and advisory services.

Kinsight Joins Warren Averett Asset Management

Birmingham, Ala.-based Warren Averett Asset Management and Kinsight have joined forces to create the largest fee-only financial planning and investment advisory firm in Alabama, with combined assets under management in excess of $2.2 billion.

Charlie Haines, Kinsight’s founder, is a well-known leader in the financial planning industry across the country and a pioneer in the fee-only field,” said Josh Reidinger, president of Warren Averett Asset Management. “We have like-minded clients – successful and affluent families – and are grateful we can now offer even more ways to help our clients thrive.”

“When we looked at the overlap Warren Averett and Kinsight have in our investment philosophy and portfolio construction approach, a merger made perfect sense,” Haines says.

Kinsight, which advises over 160 families with assets under management in excess of $400 million, will operate under the name Warren Averett Asset Management, and will maintain their location in Birmingham. Eleven people are joining the combined firm. Warren Averett Asset Management has over $1.8 billion in assets under management.

Rose Financial Services Merges in Eubanks & Company

Eubanks & Company of Ashburn, Va., has joined Rose Financial Services of Rockville, Md., which focuses on finance and accounting outsourcing services.

As part of the deal, which took effect April 1, Eubanks president Jennifer Eubanks will become a partner at Rose. Financial terms of the deal were not disclosed.

“We are all excited to join the innovative and talented team at Rose Financial Services,” Eubanks says in a statement. “We look forward to expanding EuCo’s capabilities and service offerings by joining the best finance and accounting outsourcing firm in the country.”

EuCo provides a variety of accounting, tax and consulting services, and, like Rose, also offers finance and accounting outsourcing.

“We look forward to working together with Ms. Eubanks and her team to bring RFS’ industry-leading shared service center capabilities to EuCo’s clients,” says RFS president and CEO Ted Rose in a statement. “This merger will expand RFS’ Northern Virginia presence and represents the first step of many in expanding RFS’ financial management and part-time CFO footprint.”

Borcheck & Gase Joins CRI

Borcheck & Gase of Winter Park, Fla., has merged with Enterprise, Ala.-based Carr Riggs & Ingram (FY15 net revenue of $195 million). All personnel will operate under the CRI name and join a team of more than 1,600 professionals across the southern United States.

Borcheck & Gase, serving individuals and businesses in Winter Park for more than 15 years, provides business valuation, employee benefit plan audits, tax management and a host of other services. As a part of CRI, the Borcheck & Gase team can expand its specialty services offerings – including cybersecurity risk assessments and cost segregation studies.

“Joining CRI means that we can utilize a greater breadth of resources to deliver on our mission – to proactively help our clients achieve their financial goals,” says Jim Gase, MP of Borcheck & Gase. “Plus, our staff can take advantage of firm-wide training and career growth opportunities. This merger is an all-around win for us.”

CRI serves 27 markets throughout nine states – including 10 markets in Florida.

“We look forward to immediately serving a larger part of the Orlando community and helping them take advantage of our educational resources, innovative client service delivery technologies, and in-depth business insights,” says William H. Carr, chairman and MP of CRI.

BDO USA Acquires Hilton Consulting

Chicago-based BDO USA (FY16 net revenue of $1.29 billion) has announced an expansion of its public sector practice through the addition of Hilton Consulting, a Virginia-based consulting firm that assists government clients improve operational and financial performance.

Hilton Consulting provides working capital fund planning, cost modeling, strategic planning, best practices research and business process re-engineering services to federal government clients. The firm’s enterprise data analytics solutions enable clients to make more informed decisions on resource allocation and performance management. The deal brings about 25 staff to BDO’s McLean, Va., office.

“Hilton has been working with major government agencies for more than 20 years –through multiple administrations – which is a testament to the quality insight and advice they bring to each client relationship,” says Mark Ellenbogen, national leader of BDO USA’s public sector practice.

“By joining BDO, we will leverage the firm’s national brand and global resources to build on that strong tradition to reach the next level of growth,” says Steve Hilton, founder and CEO of Hilton Consulting. “Clients will continue to receive the close personal attention that they have come to expect from Hilton Consulting’s team, but now they will have access to a wider array of solutions and the full coverage of BDO’s global network.”

Sikich Strengthens Employee Benefit Services with Acquisition of Milwaukee-area Firm

Naperville, Ill.-based Sikich (FY15 net revenue of $116.6 million) announced that it will acquire Evolution Retirement Services (ERS), which provides retirement plan design and administrative services for small and mid-size businesses.

The ERS team will bolster Sikich’s employee benefit services practice, which assists companies with benefit plan design, administration and compliance.

“The addition of Evolution Retirement Services will add depth to our employee benefit services practice and enhance the retirement planning services we offer companies across industries,” says Chris Geier, CEO and MP of Sikich.

Based near Milwaukee in Wauwatosa, Wis., Evolution Retirement Services helps companies design and administer retirement plans – including profit-sharing plans, 401(k) plans, money purchase pensions and cash balance plans. The company’s employees will join Sikich’s office in Brookfield, Wis.

“This deal allows for regional expansion of our retirement plan administration services and ensures long-term stability for our employees and clients. Further, Sikich’s depth of expertise across its various practice areas will enable us to offer our clients new insights and services,” says Mark Maurice, president of Evolution Retirement Services.

This latest deal follows Sikich’s acquisitions in 2016 of Brockman Coats Gedelian & Co., (BCG) an Akron, Ohio-based firm offering audit and assurance, tax, technology and wealth management services, SCS, a technology firm based in Glendale, Calif., and Stanfield & Associates, a Downers Grove, Ill.-based accounting firm. The Evolution Retirement Services transaction is expected to close April 1.

Cybersecurity Firm SDGblue Joins Crowe Horwath

Chicago-based Crowe Horwath (FY16 net revenue of $745 million) welcomes the personnel and resources of SDGblue of Lexington, Ky., which provides cybersecurity services and products to a wide spectrum of industries.

Its client base includes health care, finance, insurance, government, retail, manufacturing, utilities and publicly traded clients, among others. The company has 35 professionals and has twice been named to the Inc. 5000 list of fastest-growing private companies with a three-year sales growth rate of 93%, Crowe announced. Founder and CEO C. Glen Combs will join Crowe as a principal.

“Cybersecurity risks are evolving rapidly, and our clients have been seeking our insight to position them to best manage those risks,” says Steve Strammello, leader of the Crowe risk consulting practice. “The SDGblue team is deeply specialized in cybersecurity risk management and will be of lasting value to our clients.”

Combs says, “By tapping into Crowe’s significant resources, we’ll be able to offer our clients a broader range of products, services and solutions.”

Lawhorn CPA Group Expands into Georgia

Knoxville, Tenn.-based Lawhorn CPA Group of has acquired Baird & Co. CPAs of Augusta, Ga.

The Georgia firm will become Lawhorn’s fourth location, after Knoxville and Jefferson City, Tenn., and Jackson Hole, Wyo.

“This acquisition, while a part of our overall vision for the firm, is a very big step for us. We’re excited about entering the Augusta market and partnering with this well-established firm,” Jason Lawhorn, president and CEO of Lawhorn CPA, says in the announcement. “This new iteration of the Baird CPA firm as Lawhorn-Baird CPA Group will continue to serve the great clients that Baird, along with its partners and staff, have exceptionally serviced for 90 years, as we bring additional expertise and expanded services that we’ve provided at Lawhorn CPA since 1979.”

The new firm, Lawhorn-Baird CPA Group, will be a wholly owned division of Lawhorn CPA, managed by partners Lawhorn and Brenda Carroll. Audit services formerly offered by Baird CPA will continue to be provided by The Baird Audit Group, managed by partner Rep Whiddon, formerly of Baird CPA. John Gillion Jr. and the current Baird team will stay on at the Augusta office.

BST Buys CFO for Hire

Albany, N.Y.-based BST & Co. CPAs has acquired the finance, management and accounting services company CFO for Hire, also of Albany. The firm will operate as BST.

The acquisition will enhance and complement BST’s current service offerings of tax planning, financial consulting and business valuation by providing companies with an outsourced alternative for day-to-day accounting services. All 19 staff members employed by CFO for Hire have made the transition to BST.

The new division will be led by Jim Lozano, who founded CFO for Hire in 2000 and has grown the company from two clients at its inception to 84 clients in 2016. Under BST, CFO for Hire will continue to serve clients throughout the Capital Region, Central New York and Mohawk Valley, while expanding its offerings to businesses in the Hudson Valley.

“This addition is an opportunity for us to take advantage of the growth opportunities available to us in upstate New York while bringing BST’s signature brand of service to new businesses,” says Ron Guzior, MP of BST & Co. “Jim has built an outstanding operation that meets a demand unique to many closely or family-held businesses and not-for-profit organizations.”

“When I began CFO for Hire nearly two decades ago, it was in response to seeing the clear need for a permanent financial solution for companies that simply do not require full-time, in-house accounting personnel,” Lozano says. “We offer businesses the opportunity to have a team of expert finance and accounting staff at their disposal, without the overhead costs.”

Under the BST banner, CFO for Hire will continue to offer a variety of basic bookkeeping and long-term accounting services individually designed to meet each client’s needs. Companies served include closely held businesses in a variety of industries, as well as not-for-profit organizations.

The division’s team members, who have experience ranging from accountant to CFO level, visit the designated client’s office on a routine basis to conduct hands-on services, including accounts payable/receivable, collections, financial statement preparation and analysis, budget preparation, month-end closing and account reconciliation, financing and capitalization assistance, as well as investor and board of directors relations.

CFO for Hire also provides oversight of internal financial staff, and can assume the role of interim chief financial officer by offering oversight of a company’s accounting and finance departments.

RubinBrown Expands To Las Vegas To Grow National Gaming Practice

Stewart Archibald & Barney (SAB), the sixth largest accounting firm in Las Vegas, is joining with St. Louis-based RubinBrown (FY16 net revenue of $86.1 million) June 1.

The combination will bring together more than 600 team members working from offices in Denver, Kansas City, Mo., Las Vegas, Nashville, Tenn., and St. Louis.

According to RubinBrown MP John Herber, the Las Vegas market was appealing not only for the thriving business climate, but also the strategic platform it will provide for RubinBrown’s national gaming practice. “Over the past decade, RubinBrown has become a leading provider of assurance and consulting services to gaming regulators and operators nationally. This provides us ‘boots on the ground’ for our commercial gaming clientele in Las Vegas, as well as the tribal market in the Southwest,” says Herber.

RubinBrown’s gaming practice provides audit, tax and consulting services to commercial and tribal casinos, state lotteries and online gaming operators.

Stewart Archibald & Barney MP Glenn Goodnough says, “The combination of RubinBrown and SAB will provide many advantages as we will gain the gaming expertise possessed by RubinBrown while also expanding the services and resources to our clients in the Las Vegas market.” Through RubinBrown’s longtime affiliation with Baker Tilly International, SAB’s clients will also have access to international expertise.

SAB and RubinBrown share a common history and culture that is founded upon client service. “Our culture aligns well with SAB’s where client relationships are revered and superior quality and service is a top priority,” says Herber.

Goodnough will continue in his current role as MP of the Las Vegas office. In addition, each of the nearly 60 other team members of SAB will all continue with the expanded RubinBrown.

Herber also announced the relocation of Daniel Holmes and his wife Jessica Holmes from St. Louis to the Las Vegas office. Daniel Holmes will serve as a partner and co-practice leader for RubinBrown’s gaming practice, focusing on expansion in the Las Vegas market. Jessica Holmes will serve in RubinBrown’s business advisory services group as a manager with a focus on data analytics and consulting services for the western United States.

RubinBrown expanded in Kansas City in 2005, Denver in 2010 and Nashville in 2015. Currently, the firm is ranked the 45th largest firm in the country by IPA.