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.

Santos Postal & Company Joins PBMares

Newport News, Va.-based PBMares (FY17 net revenue of $40.7 million), an IPA 100 firm, has expanded in Maryland through the addition of Santos Postal & Company in Rockville, Md.

PBMares, founded in 1971, provides a full range of accounting, tax and advisory services. Their client base consists of both domestic and international clients operating in and around Washington, D.C.

“This combination strengthens our presence in the region by capitalizing on the solid reputation Santos Postal has earned for so many years. Santos Postal’s experience in real estate, business valuation and business consulting complements our existing niche practices,” says Alan Witt, CEO of PBMares.

Charles Postal, MP of Santos Postal, says, “We have a long history of strong relationships with emerging businesses and entrepreneurial individuals in the Rockville community. Clients will still receive the same close personal attention they have come to expect from our team, but now they will have access to a wider array of solutions and broader industry experience with PBMares. PBMares has a very similar service philosophy and culture that will make our transition into the firm seamless.”

In addition, PBMares welcomes two Santos Postal partners into the tax and assurance practice leadership teams: Vicki Young will serve as the regional tax practice leader and Tony Orsborne will serve as the assurance practice leader. The combined team will work from PBMares’ office in Rockville.

HHM CPAs Acquires Local Accounting Firm

Chattanooga, Tenn.-based Henderson Hutcherson & McCullough (FY17 net revenue of $24.4 million), an INSIDE Public Accounting Best of the Best Firm, has announced its acquisition of Grisham Wildman & Work (GWW,) a Memphis, Tenn., firm that focuses on automobile dealerships.

The combined firms will operate as HHM CPAs at HHM’s Memphis location at 1755 Kirby Parkway.

Prior to starting their own firm, Dave Wildman and Jerry Grisham spent more than 15 years working at George B. Jones, one of the first CPA firms to specialize in the automotive industry. They began their own firm in 1993, working with dealerships in the Memphis area and across the nation.

“The automotive industry experience Dave and Jerry bring to the table will complement the depth of service provided by HHM’s dealership group, and we are looking forward to strengthening the relationships with their clients that have been built over their long careers,” says HHM partner Darrin Yoder, who leads the Memphis office dealership practice.

The acquisition brings HHM’s employee total to 155, including the 30 team members in the Memphis office. All GWW’s employees were retained in the merger. Both Wildman and Grisham joined HHM as directors.

Noell Agnew & Morse Joins K·Coe Isom

Jeff Wald

Salina, Kan.-based K·Coe Isom (FY18 net revenue of $68.2 million) announced it has added the business, specialization, partners and employees of Noell Agnew & Morse.

The combined firms will bolster the dedicated agricultural solutions and financial services for farming operations and producers in California. Noell Agnew & Morse has offices in Sacramento and Visalia.

K·Coe Isom devotes two-thirds of its business to providing solutions for the food-supply chain and the financial, legislative and operational issues they face. It also provides consultancy and CPA services to its community-based businesses and industries.

Commenting on the acquisition, K·Coe Isom CEO Jeff Wald says, “When we met with Noell Agnew & Morse, our missions aligned. Their partners and employees serve agribusinesses with the same drive and passion that our firm values – committed to providing specialization, expertise and resources to help agribusinesses nationwide, with the ultimate goal to improve and secure the future of America’s farming operations and production.”

Founded in 1983, Noell Agnew & Morse is an accounting, tax and consulting services firm with 75% of its business focused on agribusinesses, with a special emphasis on vertically integrated growers, processors and marketers of fresh fruits and nuts. The firm primarily serves clients throughout the Central San Joaquin Valley of California.

Partner and co-founder Kevin Noell states, “This opportunity exceeded our hopes in finding a partner firm that offers a complementary service and industry offering, as well as embodies the same values and tradition we have for providing an elevated level of expertise, and an environment our clients and employees will want to be a part of.”

The partners and employees from Noell Agnew & Morse’s two offices will either remain at the Sacramento office location, or join K·Coe Isom’s office in Fresno, Calif.

UHY Expands in Northeast With Acquisition of New York Firm

Michael Mahoney

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) and UHY LLP have announced that they will expand their portfolio in the Northeast region with the acquisition of Flynn Walker Diggin CPA of Saratoga Springs, N.Y. The firm operates under the UHY banner.

The acquisition marks further expansion in New York for UHY.

“We are pleased to welcome the highly experienced team at Flynn Walker Diggin to the UHY network. Their addition will further strengthen our presence in the capital region and help us advise clients in the local marketplace,” says Michael Mahoney, CEO of UHY Advisors in New York.

“The team at Flynn Walker Diggin exemplifies the UHY ethos, with significant accounting experience across industries, personalized relationships with clients, and active involvement in the community,” says Howard Foote, OMP of the Capital Region of UHY LLP and CFO of UHY Advisors in New York. “We pride ourselves on providing clients with the highest quality of service in our role as their trusted advisors and look forward to working closely with this group of professionals.”

All associates of Flynn Walker Diggin are expected to continue in their roles.

“We look to leverage our personal expertise in audit, accounting, tax and management services to benefit individuals, closely held companies, and not-for-profit and government entities,” says Patrick J. Diggin, MP of Flynn Walker Diggin. “As part of UHY, we will continue to help our clients meet their goals with the addition of international resources that UHY offers.”

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.

Moss Adams Combines With Baker Peterson Franklin

Chris Morse

Seattle-based Moss Adams (FY17 net revenue of $577 million) has agreed to combine with Baker Peterson Franklin, a full-service accounting and consulting firm in Fresno, Calif.

Effective Jan. 1, 2019, 42 professionals from Baker Peterson Franklin will join Moss Adams, including seven partners and one director, expanding the firm’s Fresno office to 71.

Chris Morse, PIC of Moss Adams’ Fresno office says, “Baker Peterson Franklin is deeply rooted in the agriculture space, perfectly complementing and expanding our existing practice and industry-specific service offerings. The addition of their talented staff grows Moss Adams into the largest accounting and consulting firm in central California.”

Founded in 1917 in Fresno, Baker Peterson Franklin has grown into one of the largest locally owned accounting firms in the Central Valley. The firm offers specialized expertise in agriculture, food and beverage processing, auto dealerships, closely held and family businesses, tax and estate planning, business consulting and auditing.

“We’ll have a greater range of capabilities and resources to bring to our clients while continuing to offer the personalized service our clients have come to expect from us,” says Kyle Stephenson, MP at Baker Peterson Franklin.

HBK, Sole Proprietor Agree to Join

Canfield, Ohio-based HBK CPAs & Consultants (FY17 net revenue of $80 million) has signed an agreement under which the Michael W. Monahan CPA firm becomes part of HBK.

The merger marks an expanded presence in the Sarasota, Fla., region for HBK, an IPA 100 firm.

“We are pleased to welcome Mike into the HBK family and look forward to helping him widen his depth of client resources in that portion of our Gulf Coast service region,” says Christopher Allegretti, CEO and MP.

“Mike’s reputation for excellence in client services is widely known in our area and his commitment to personalized client care is what makes him a perfect fit here at HBK,” says Craig Steinhoff, PIC of the HBK Sarasota office, where Monahan will be working as a senior director.

“His dedicated work ethic and attention to detail when caring for client services is one of his strongest characteristics as a leader, a business advisor and a person. We are so pleased to have him on board,” Steinhoff says.

Michael W. Monahan, CPA, has been serving businesses and individuals in Sarasota for more than 40 years. His areas of specialization include: estate planning and taxation of high-net-worth individuals and accounting services for small and medium-sized businesses. He also has industry-specific experience in agriculture, distribution, real estate development and professional services.

D&H Global Tax Joins Citrin Cooperman

New York-based Citrin Cooperman (FY17 net revenue of $244 million) announced the merger of D&H Global Tax, with offices in Philadelphia, London and Pitman, N.J.

D&H specializes in international tax issues, planning and preparation for clients that are U.S. expatriates and non-U.S. persons with filing obligations. MP Leon Dutkiewicz will lead Citrin Cooperman’s international taxation practice. Additionally, three directors and 15 staff from D&H will join in the firm’s Philadelphia office. The firm will also retain D&H’s New Jersey location.

“We’ve built a strong bench of international tax and consulting specialists to advise our clients in an increasingly global marketplace,” says CEO Joel Cooperman. “Leon is the perfect person to lead this practice and help our clients remain competitive and successful.”

“When exploring options to join a larger firm with value-added resources to help serve our clients, Citrin Cooperman was by far the top of the list,” says Dutkiewicz. “Big firm resources combined with personal, tailored client service is exactly what our high-net-worth international clientele expect and Citrin Cooperman delivers.”

Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the deal, says, “D&H Global Tax is recognized by its peers as one of the top international tax boutiques both in the U.S. and internationally. Leon Dutkiewicz is as exceptional a leader as you will find in the accounting profession. His passion for client service and growing talent made his firm one of the most sought-after transaction candidates I have ever seen.”

Sikich Acquires Human Resources Technology Consulting Business

Naperville, Ill.-based Sikich (FY17 net revenue of $177 million) acquired the business of Executive Alliance, a human resources consulting firm on Nov. 1.

“Technology is the centerpiece of the business solutions we leverage to help clients improve performance,” says Sikich CEO Chris Geier. “Executive Alliance combines technical expertise with human resources experience and will be a valuable addition to our talented human resources consulting team.”

Founded in 1992, Executive Alliance works with companies, including Fortune 500 firms, across a variety of industries. Executive Alliance consultants are human resources professionals who help companies build their human resources, benefits and payroll management processes and successfully evaluate and integrate technology solutions.

“Sikich offers a full suite of human resources solutions to clients,” says Kevin Mallett, founder of Executive Alliance. “Joining the Sikich team will allow us to leverage these resources and expand the services we offer clients. We’re excited to join this innovative, growing firm.”

Sikich’s human resources consulting practice covers all disciplines of human resources, supporting businesses across industries with recruiting and onboarding, compensation and compliance, benefits, employee relations, and development.