Marks Paneth Acquires Buck Sturmer & Co.

New York-based Marks Paneth (FY16 net revenue of $127.7 million) acquired New York-based Buck Sturmer & Co., effective Jan. 1. Douglas Buck and Richard Sturmer will be admitted to partner and bring their 20 staff members.

Buck Sturmer provided comprehensive accounting, tax and consulting services to high-net-worth individuals, families and businesses for more than 50 years.

“When making this important decision for the future of our firm and clients, we looked for a business partner that would maintain the high levels of service and expertise our clients expect,” says Buck, founder and former MP of Buck Sturmer.

“An important element of our firm’s strategic vision is the acquisition of talent that enhances our existing strengths and specializations – and that is exactly what our new colleagues from Buck Sturmer bring,” says Harry Moehringer, MP of Marks Paneth.

Honkamp Krueger Acquires Gabelmann & Associates

Effective Jan. 1, Dubuque, Iowa-based Honkamp Krueger & Co. (FY16 net revenue of $68.8 million) acquired Gabelmann & Associates, of Bettendorf, Iowa.

“Upon the heels of our newly expanded and remodeled campus on 35th Street in Davenport, we are excited to welcome the talented professionals of Gabelmann & Associates to the HK Family. Our firms have a good cultural fit, passion for client service, and are excited to continue to grow our presence in the quad cities together,” says Jon Thoms, HK’s PIC of the quad cities market.

“This new partnership allows us to greatly expand our services through the HK family of companies with a continuation of the personalized and professional service from all existing Gabelmann & Associates team members. We are very excited for the opportunities the two firms together creates for our clients and our teams,” says William Gabelmann, who was admitted as partner at HK.

Apex CPAs & Consultants Acquires Morrison & Associates

Apex CPAs & Consultants of St. Charles, Ill., acquired Morrison & Associates also of St. Charles. Morrison’s wealth management division will remain independent.

“Our two companies have similar mindsets. Clients come first,” says James Chakires, founder and MP of Apex. “Our combined client base will benefit from the additional expertise, from business advisory, tax consulting and accounting to retirement and succession planning and more. We are professional problem solvers and are relentlessly committed to our client’s success.”

“They will still work with their existing teams. We now will be able to provide additional accounting, tax and advisory services from a single firm that understands individual tax clients as well as emerging businesses poised for growth,” says Chakires.

William Morrison Jr., who founded Morrison & Associates in 1979, will be admitted as partner at Apex.

“Jim and I have known each other for many years, and we run in the same circles in St. Charles and Kane County. We strive to be the best business stewards for our clients, and we will continue to do that because it is our business to see our clients prosper,” says Morrison.

HeimLantz Launches Executive Team Coaching Services

Annapolis, Md.-based HeimLantz acquired business advisory firm First & Main Business Advisors owned by Bob Shannon, who will join HeimLantz.

Shannon, who has worked with more than 75 businesses in the Washington D.C. and Baltimore areas, will be part of the new service line offering at HeimLantz – executive team coaching. He has owned First & Main Business Advisors for more than 10 years.

“The firm is excited about the opportunity to partner with Bob to launch our executive team leadership coaching services. Bob’s coaching of our HeimLantz executive team has been transformational to our firm. HeimLantz is now positioned with two Gazelles International Certified Coaches to help companies scale-up and build greater value,” says Carter Heim, CEO of HeimLantz.

Fuller Landau Admits New U.S. Tax Partner with Acquisition

Jeffrey Brown

Jeffrey Brown

Toronto-based Fuller Landau (FY16 net revenue of $19.8 million) acquired BoTax, The Boston Tax Advisory Company Ltd., and admitted founder Jeffrey Brown as a partner in the U.S. tax practice, effective Jan. 10.

Brown has more than 30 years of public accounting experience. Prior to joining Fuller Landau, he was a former Big 4 partner and later, founding principal at BoTax the tax advisory boutique in Toronto that provided U.S. federal and state tax consulting services to Canadian businesses and their stakeholders.

Brown’s practice focuses Canadian businesses with U.S. federal and state tax filing obligations arising from their US activities, and American citizens residing in Canada who have U.S. tax and information reporting obligations and unique estate and retirement planning challenges. His practice concentrates in jurisdictional tax matters involving permanent establishment and state nexus considerations, tax controversy resolution and sales taxation.

“My clients’ business is often their single largest asset. As a business owner and advisor, my modus operandi is to provide responsive, practical advice that I would follow, myself,” says Brown. “The partners at Fuller Landau share that same commitment. This feels like the right move at the right time, for my clients and me.”

“This really is a win-win situation for everyone,” says Mike Stoyan, partner. “Our existing clients will benefit from Jeffrey’s in-depth knowledge of U.S. tax, while Jeffrey’s clients will gain access to more resources and a range of multi-disciplinary services offered at Fuller Landau. By joining together, we can provide an even greater level of service to all of our clients.”

EY Acquires RPR Partners

RPR Partners of San Diego has joined the private client services practice of New York-based EY (FY16 gross revenue of $11.2 billion). RPR founders and co-directors Robert Regnery and Kenneth Van Damme II, both previous EY professionals, are returning to the firm after having built their independent tax advisory practice.

“The addition of this team reflects our commitment to growing strategic areas with unmatched knowledge to meet each of our clients’ needs and to contribute to our EY Global family business center of excellence,” says Kate Barton, EY Americas vice chair of tax services.”

Regnery has 30 years of experience advising clients including private and public companies. He started his career in Chicago with EY before moving to San Diego. After nearly ten years with the real estate practices of EY and Kenneth Leventhal, Regnery joined Peterson & Co. where he led both the real estate group and the entrepreneurial services group before forming RPR Partners with Van Damme.

“Having previously worked at EY, Ken and I know that EY professionals strive to be trusted business advisors to their clients,” says Regnery. “They embrace our philosophy of addressing each client’s unique needs and helping organizations – and people – succeed in today’s complex and changing environment.”

Van Damme has more than 27 years of tax advisory experience in the real estate industry and with high net worth individuals. Prior to forming RPR Partners, he had been EY’s real estate tax compliance practice area leader for southern California.

“This moment in US tax policy is likely to impact all of our clients, and we now have access to incredible resources to support them. As part of the EY team, we can also offer clients broader, long-term support for generational wealth management strategies and family business transactions,” says Van Damme.

Eide Bailly to Acquire France Basterrechea Wagner & Bunn

Fargo, N.D.-based Eide Bailly (FY17 net revenue of $269.4 million) will acquire France Basterrechea Wagner & Bunn of Gooding, Idaho, effective May 14, 2018. France Basterrechea Wagner & Bunn will bring four partners and 12 staff and will move into a new space in Twin Falls, Idaho.

“Gooding has been a great place to grow, and we’ll continue to serve clients here with a level of dedication and expertise that will only get better,” says Steve France, MP of France Basterrechea Wagner & Bunn. “Moving to Twin Falls is going to greatly increase the opportunities for both our clients and our staff. We will have the resources and solutions to help our clients in nearly every aspect of their business, no matter where they are in their journey. And we’ll now be able to recruit the best talent and offer our staff the ability to specialize and follow their passions in their careers.”

“France Basterrechea Wagner & Bunn has a dedication to client service and an outstanding culture that mirrors closely with our own. This union will give businesses in the region more access to services that will help them grow and reach their goals.” says Eide Bailly MP and CEO Dave Stende.

Crowe Horwath to Acquire TRU8

Effective Jan. 31, Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) will acquire TRU8 Solutions, a risk consulting firm.

TRU8 brings specialized knowledge and experience in the RSA Archer platform, a leading governance, risk management and compliance (GRC) technology system. TRU8’s client base includes large organizations in highly regulated industries, including finance, electronic exchanges, government and energy.

“Today’s market expects deep knowledge of GRC technology to accompany risk management expertise,” says Jim Powers, Crowe CEO. “TRU8’s RSA Archer specialization will enable our clients to better leverage data and gain more predictive insight, providing them with lasting value.”

“Managing risk is a top priority for CEOs and their boards, because of the real damage we’re seeing to reputation, share price and revenue,” says Terry Dolce, TRU8 CEO. “Leveraging TRU8’s deep specialization in RSA Archer will allow our team to bring award-winning GRC technology expertise to Crowe’s clients worldwide.”

Eide Bailly Acquires Digital Forensics Firm

Digital forensics and eDiscovery firm Decipher Forensics of American Fork, Utah, is now part of Fargo, N.D.-based Eide Bailly (FY17 net revenue of $269.4 million). Decipher Forensics brings four staff to Eide Bailly.

“Decipher Forensics’ talent and commitment to client service are a perfect match for Eide Bailly,” says Jeremy Bendewald, Eide Bailly director of forensic services. “Digital forensics, eDiscovery and data recovery are critical elements in assisting our clients. Our forensics team will now have even more experience and resources to help our clients navigate their circumstances.”

“This union is going to be the best of both worlds for our clients,” says Trent Leavitt, CEO of Decipher Forensics. “They will continue to get the same dedicated local service they have come to expect, and now they will have access to more resources that can help them succeed.”

MarksNelson Acquires Tech Company Blue Ocean Consulting

MarksNelson (FY16 net revenue of $21.3 million) of Kansas City, Mo., acquired the technology company Blue Ocean Consulting (BOC) of Lenexa, Kan. The addition of BOC’s services is expected to help MarksNelson’s clients craft technology solutions to solve problems.

Blue Ocean Consulting will retain its name until it moves into MarksNelson’s office in the summer of 2018. BOC is known for leveraging technology and software development to make businesses smarter, leaner, faster and more profitable.

“Technology is transforming the way accounting firms do business,” says MarksNelson MP Mark Radetic. “Bringing two known brands in our respective fields together gives us the tools to better serve our clients by providing more comprehensive, innovative offerings. The merger of accounting and technology in one firm gives us the ability to lead the way into the future and meet our clients’ broader business needs.”

“We are constantly looking for opportunities to add services that allow our clients to be more profitable, efficient and productive,” says Radetic. “Technology is driving change in all aspects of business and we recognize the tremendous value we can bring to MarksNelson clients by having technology expertise on staff.”

“MarksNelson is highly rated nationally for their performance among CPA firms and growth. We have experienced a similar trajectory,” says BOC president Scott Carson, who took over the 22-year-old firm in 2015. “We share a belief in empowering and developing our employees. By bringing two strong Kansas City brands together, we will provide more opportunities for our employees and better serve both firms’ clients.”