Pasadena Firm Joins the Aldrich Group of Companies

Salem, Ore.-based Aldrich CPAs + Advisors (FY16 net revenue of $47.1 million) has acquired Sutor Krystad & Rosenfeld of Pasadena, Calif., including Eric Krystad and his staff.

Krystad has focused his accounting and consulting practice on serving the construction industry for 30 years in the Los Angeles area. He is a frequent speaker at seminars and conferences for underwriters, bankers, attorneys and others involved in the construction industry. His industry knowledge includes accounting, tax planning and compliance, acquisitions, partnerships and complex multi-state operations.

“Having Eric and his team join our growing organization with a new office in Pasadena further enhances our ability to serve the construction community throughout Southern California,” says Martin Moll, CEO.

Aldrich CPAs + Advisors provides financial, tax and consulting services to over 300 construction industry clients ranging from smaller, family-owned companies to larger multi-state and international contractors.

Citrin Cooperman Expands Automotive Practice with the Joining of Kera & Company

New York-based Citrin Cooperman (FY16 net revenue of $233 million) has acquired Kera & Company of Tarrytown, N.Y., which includes Ellen Kera and seven professional staff.

Kera will be admitted as a partner and co-leader of the firm’s automotive dealerships practice. She and her staff will be based out of the Westchester office in White Plains, N.Y.

“The firm’s auto dealership practice has grown significantly over the years, and Ellen and her team will be a tremendous asset to existing clients and to our efforts to continue to grow as an industry leader,” says Wilfredo Fernandez, partner and co-leader of the automotive dealerships practice.

Kera has more than 20 years of experience in public accounting. Her main focus is in the automotive industry including consulting on complex tax matters and helping clients implement best practices.

“Over the years, we have built long-term, trusted relationships with our clients. Joining a firm that shares our culture and values allows us to continue to provide the hands-on client service they have come to expect, with a broader suite of offerings and a deeper pool of resources,” says Kera.

Kera specializes in identifying under-performing areas within the dealership and assists the dealers in the execution of new processes and procedures to increase profit while ensuring their compliance-related state and federal tax requirements are being met.

“As the needs of our auto dealership clients change, we are prepared to be in a position to provide the resources and the industry expertise to meet those needs,” says Alan Badey, MP of the Westchester office.

The landscape of the automotive dealership has evolved due to significant M&A activity. The firm is looking to become a leading consultancy for the industry, and is focused on creating a strong infrastructure to support this growth.

Moss Krusick & Associates Expands Through Merger with Smyth & Hauck

Moss Krusick & Associates (FY16 net revenue of $3.9 million) of Winter Park, Fla. has acquired Smyth & Hauck of North Palm Beach, Fla. Founded in 1982, Smyth & Hauck provides a full range of accounting, tax and advisory services to diversified businesses, high net worth individuals and not-for-profit organizations. Combined with the existing MKA office, the firm will have 55 employees.

“This combination allows us to extend our geographic footprint into Palm Beach County and add a fantastic group of talented people all committed to helping clients achieve success,” says Ed Moss MP of Moss Krusick.

Paul Smyth, Smyth & Hauck MP says, “We have a long history of strong personal relationships with estates and trusts in the greater Palm Beach community. Our management team believes that combining with MKA, will give us an ability to build on that tradition. Clients will still receive the same close personal attention they have come to expect from us, but our combined resources will offer an opportunity to expand our services and expertise. We believe that MKA has our same service philosophy and culture which will ensure a seamless transition for staff and clients as well.”

Darby Hauck will serve as MP of MKA’s North Palm Beach office and Smyth & Hauck professionals will continue to serve their clientele from the current office.

Rodman CPAs Acquires Minassian CPA, Admits Partner

Mark Minassian

Mark Minassian

Rodman CPAs of Waltham, Mass., has acquired Minassian CPAs of Concord, Mass. Additionally, Rodman CPAs has admitted Minassian managing member, Mark Minassian, as a tax partner.

“Minassian CPAs’ growth, profitability and tax specialty made the decision to combine forces an easy one,” says Steve Rodman, president of Rodman CPAs.

As the new tax partner at Rodman CPAs, Minassian will focus primarily on real estate, partnership tax and tax planning for high-net-worth individuals.

Minassian CPAs worked with growth-oriented entrepreneurs and their companies, real estate investors, and individuals and families with complex tax issues.

HoganTaylor Acquires JPMS Cox

Tulsa, Okla.-based HoganTaylor (FY16 net revenue of $34.3 million) will acquire JPMS Cox of Little Rock, Ark., on Jan. 1.

“In track record, in culture, in expertise and focus on client service, these two firms fit hand in glove,” says HoganTaylor CEO Randy Nail. “By joining forces, we’re capturing tremendous synergy to create value for our clients, communities and employees. HoganTaylor gains a stronger presence in Arkansas, dozens of talented CPAs and support staff and several additional expert practice areas. JPMS Cox adds a deeper bench, increased capacity and specialized services like cybersecurity to better serve its growing client list.”

JPMS MP Gary Cooper agreed that the firms have “complementary skills, teams and industry expertise” and that the merger would help the firm bring more specialized services to clients and better serve them.

HoganTaylor has three main service lines: assurance, tax and advisory services. Niche services include cybersecurity, human capital services and outsourced CFO services.

JPMS has six divisions: tax, audit and other assurance, employee benefits, valuation, forensic and litigation support, and strategic business solutions. Specialized practice areas serve the construction, nonprofit, financial institution and real estate sectors.

Walthall CPAs and Rea & Associates to Merge

New Philadelphia, Ohio-based Rea & Associates Inc. (FY16 net revenue of $40.6 million) will merge with the Cleveland-based Walthall CPAs, effective Nov. 1. The merger will feature a team of more than 300 professionals who serve clients from 13 offices across the state of Ohio.

“When you look at how long Walthall has been around, where the firm is situated in the state and their strong community-minded and client service-focused culture, bringing our two firms together just makes sense,” says Don McIntosh, CEO of Rea & Associates.

“If you’ve worked with the Walthall team in the past, you’ll be glad to learn that this merger will have no impact on your fees or on the quality of service,” says Richard Lash, MP of Walthall. “Our client service teams will stay intact and you will continue to receive the stellar service we’ve always taken great pride in providing. Only now, we will be able to offer a wider array and greater depth of services.”

Crowe Horwath Acquires Rowbotham International

Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) will acquire San Francisco-based Rowbotham International on Oct. 30. Crowe will welcome Rowbotham’s four partners and 20 professionals and incorporate its operations.

Rowbotham provides a full range of domestic and international tax and audit compliance services, as well as advisory services. Its professionals include accountants, attorneys and consultants. The firm has industry experience in information technology, software, bio technology, real estate, distribution, hotel and leisure services, media, financial services and entertainment.

“Rowbotham’s focus on international markets is a great fit for our continued expansion as a global firm,” says Crowe CEO Jim Powers. “Crowe’s brand promise is to help our clients and our people make smart decisions to create lasting value. With the global market continuing to grow, this is definitely a smart decision that we believe will build lasting value for the future.”

“Crowe is making a major commitment to expanding its California presence and was fortunate to find one of the top tax boutiques in the country in Rowbotham,” says Allan Koltin, CEO of Koltin Consulting Group, who, along with Chris Frederiksen, advised both firms on the combination. “Rowbotham was approached by approximately a half dozen national and mega regional firms and in the end selected Crowe for its great culture, leadership, innovation and global network.”

Mauldin & Jenkins Acquires of Derrick Stubbs & Stith

Atlanta, Ga.-based Mauldin & Jenkins (FY17 net revenue of $46.2 million) will acquire Derrick Stubbs & Stith of Columbia, S.C. on Oct. 1.

Along with six partners, Derrick Stubbs & Stith brings more than 25 professional and administrative staff members to Mauldin & Jenkins. Partners include Charles Statler, Jr. (MP), Alan Grimsley, Todd Dailey, Timothy Monahan, David Splittgerber and Michelle Chapman. By joining forces, M&J will have approximately 280 people and seven offices located in five states.

Mauldin & Jenkins tailors services according to the many niche industries it serves including closely held businesses, financial institutions, governmental entities, long term health care, non-profits and entrepreneurial services.

Burt & Company Acquires Taos CPA

Burt & Company of Albuquerque, N.M has acquired TaosCPA of Taos, N.M. The company has formed a new entity, Burt Taos CPAs, which is a wholly owned subsidiary of Burt & Company.

“We have prided ourselves on being a great local firm that provides exemplary service to our clients,” says Ron Schranz, Burt & Company MP. “With our expansion now in Taos, we can provide even greater one-on-one services to our clients in northern New Mexico.”

“The new firm will have more resources and more manpower available to provide even better service to clients,” says Fred Winter of TaosCPA.

Moss Adams Acquires Rona Consulting Group to Expand Health Care Consulting Practice

Seattle-based Moss Adams (FY16 net revenue of $527 million) acquired Rona Consulting Group, a lean health care consultancy.

RCG is a management consultancy serving integrated health care systems, hospitals, medical suppliers and government organizations. Twenty-eight RCG professionals, including their three founding partners and leadership team, will join Moss Adams as a lean consulting practice. RCG is a virtual practice with people working remotely across the country, and the group will continue to operate virtually at Moss Adams.

“The health care landscape is changing rapidly, and high-quality outcomes have become a top priority for hospitals and health care systems to better serve patients and improve operations. This is a tremendous opportunity to expand our health care expertise with a highly regarded firm and better serve our clients through specialized consulting services,” says Chris Pritchard, Moss Adams partner and national practice leader of the health care consulting practice.

“This combination with Moss Adams felt like a natural step in the growth strategy of our firm,” says Craig Vercruysse, RCG principal and CEO. “Our firms have similar cultures and business ideals, and we’re pleased to be able to offer our clients the expanded resources and opportunities available to them from a firm the caliber of Moss Adams.”