Squire & Company Acquires Utah Firm

Squire & Company PC (FY17 net revenue of $18.8 million) of Orem, Utah has acquired Pinnock Robbins Posey & Richins PC of Salt Lake City, effective July 1.

Squire and PRPR, together will offer new expertise to both companies’ client rosters, enabling the combined company to offer new and existing clients across several sectors a broadened suite of accounting and advisory services.

“With such a strong cultural fit between our two organizations, we believe we will be better together,” says Jonyce Bullock, MP at Squire. “Because we share important characteristics like a 100% commitment to quality and partnership with our clients, we believe there is deep synergy in our vision for the future.”

“PRPR’s long tradition of excellent client service and of providing employees opportunities for growth will be enhanced by combining the resources of these two great firms,” says Jim Beaudoin, MP, PRPR. “We look forward to bringing added services to our clients and to meeting the many opportunities of Utah’s dynamic and growing marketplace.”

The consolidated company will be known as Squire and will maintain its offices in both Orem and Salt Lake City. Squire offers more than tax and audit services; the company also provides outsourced services, accounting/ERP systems implementation, buy/sell transaction support, wealth management assistance and more. Industries served by both companies include construction, manufacturing/distribution, direct sales, government, tax-exempt organizations, technology/life sciences and professional services, among others.

Loeb & Troper Joins BKD

Springfield, Mo.-based BKD LLP (FY18 net revenue of $594.6 million) announced that Loeb & Troper LLP of New York, will join the firm effective July 15.

“We want to extend a warm welcome to our new BKD team members,” says Ted Dickman, CEO. “Loeb & Troper’s commitment to client service will help us achieve our mutual goals as we move forward. In addition, their location in New York City—America’s financial capital—gives us greater access as a firm to key areas of our strategic growth, such as the private equity and capital markets.”

Loeb & Troper—which specializes in audit and consulting services for the health care, managed care, special needs, not-for-profit and education industries—will join BKD’s approximately 2,650 personnel and 280 partners. Their specializations match BKD’s strengths well, as both have a strong focus in health care.

“We are pleased to enter the New York City market with the talented Loeb & Troper team,” says BKD East Region MP Rob Pruitt. “They have been very successful building deep industry expertise by serving the health care and not-for-profit markets. We are excited to leverage the strong foundation they have been building since 1919.”

Loeb & Troper’s staff will stay at their current location on 655 Third Avenue, and the office will be led by BKD MP Ryan Reiff.

Mitchell Titus Acquires Washington Pittman & McKeever

New York-based Mitchell Titus announced it has acquired certain assets of Chicago-based Washington Pittman & McKeever LLC, effective immediately. The acquisition includes a majority of Washington Pittman & McKeever’s long roster of diverse clients and the addition of certain employees but Washington Pittman & McKeever will continue its operations to service certain government contracts.

Mitchell Titus provides a broad range of assurance, tax and advisory services to Fortune 1000 companies, entrepreneurial enterprises, private equity firms, real estate entities, not-for-profit organizations, government entities and high net-worth individuals. Lester McKeever, managing principal at Washington Pittman & McKeever, will become a partner of Mitchell Titus.

“Lester McKeever is a legend in the accounting world, and we’re proud that he is bringing his decades of experience, skilled personnel and extensive relationships to Mitchell Titus,” says Anthony Kendall, chairman and CEO of Mitchell Titus. “Washington Pittman & McKeever has a strong brand in the Chicago area and has developed a talented workforce that understands the unique needs of its clients. We’re happy to combine forces and bring an even broader set of assurance, tax and advisory services to the Chicago market and beyond.”

Washington Pittman & McKeever was founded in 1939 by Mary T. Washington, the first African-American female CPA in the U.S.

“We are thrilled to have Washington, Pittman & McKeever join forces with Mitchell Titus,” says McKeever. “Our partnership with Mitchell Titus continues both firms’ long tradition of excellence and significantly expands the portfolio of services we can offer our clients in Chicago and beyond. I look forward to ushering Washington Pittman & McKeever into this new and exciting chapter in our firm’s history and expanding Mitchell Titus’s presence in our markets.”

The acquisition enables clients of Washington Pittman & McKeever to benefit from additional tax services, such as corporate and partnership tax compliance and planning, as well as extensive advisory services. Mitchell Titus also brings deep experience in organizational governance, risk management and steady expansion into other new service offerings, serving clients of all sizes, from individuals to several of the world’s largest communication, defense and financial institutions.

BDO USA Acquires SWC Technology Partners

Chicago-based BDO USA LLP (FY18 net revenue of $1.5 billion) has completed an expansion of its advisory services practice through the acquisition of Oak Brook, Ill.-based SWC Technology Partners LLC, a provider of IT solutions to middle market businesses throughout the Midwest. SWC has provided clients with technology solutions that optimize productivity, strengthen customer relationships, enhance data sharing and drive profitability for more than 30 years. The transaction brings nine principals and 215 total staff to BDO’s advisory practice.

“We are extremely pleased to add the impressive resources of SWC Technology Partners to our advisory services practice,” says Jay Duke, National MP for advisory services at BDO. “Like BDO, SWC has been a valued business advisor to middle market businesses for many years, providing technology solutions that match the needs of midmarket organizations. In adding SWC, which has more than 400 clients, we’ve added a well-established, regional player that we can build into a market leading national platform.”

SWC specializes in the technology solutions that match the needs of midmarket organizations, including managed services, data analytics, cloud computing and custom application development. This encompasses infrastructure solutions such as unified communications, enterprise networking, directory services and network security; and software solutions including Microsoft Office 365, business intelligence, mobile and CRM development.

“For the last 35 years, we’ve helped leading middle market companies innovate, transform and grow by harnessing information technology to meet their business needs,” says Bob Knott, BDO principal and president of SWC. “By joining BDO, a leading national brand with expansive global resources, we will have a wider platform and more delivery channels to continue building upon our success.”

Bob Knott, Adam Ferguson, Aaron Bianchetta, Ben Brock, Bob Compere, Susie Cummings, Michael Lee, Ric Opal and Aaron Selle are the new principals joining BDO from SWC. SWC Technology Partners will operate as a wholly-owned subsidiary of BDO USA, with all current personnel operating from their existing office in Oak Brook and satellite office in Indianapolis.

Mauldin & Jenkins Acquires KRT’s Governmental Practice Division

Atlanta-based Mauldin & Jenkins LLC (FY18 net revenue of $50.6 million) announced the merger of the governmental practice division of KRT CPA of Atlanta. KRT CPA (formerly known as Karp Ronning & Tindol) has been operating in Savannah for over 90 years providing traditional audit and tax services to a wide variety of clients.

“We view the merger of KRT’s governmental practice unit as a unique and strategic opportunity to expand our presence in this important market area of Georgia and the greater low country area. Clients of both firms will benefit from greater convenience and the combined service capabilities that our two governmental practices together will offer,” says Hanson Borders, incoming MP of Mauldin & Jenkins.

Miller Edwards, head of Mauldin & Jenkins governmental practice, added “Our partners and staff are very excited and believe this merger is a win-win for both firms and our combined governmental clientele. This merger enhances our logistics and provides greater experienced resources to over 50 combined governmental clients in the general area.”

The merger of KRT’s governmental practice into Mauldin & Jenkins was effective July 1.

Dossani Turnage & Van Hoose PC & Impact Financial Solutions Join Whitley Penn

Fort Worth, Texas-based Whitley Penn (FY17 net revenue of $97.6 million) announced that Dossani Turnage & Van Hoose PC of Dallas, and Impact Financial Solutions LLC of Dallas, have joined the firm, effective July 1. The group has joined the Dallas office increasing the firm’s DFW presence to approximately 350 employees and nearly 500 employees firmwide.

“Joining Whitley Penn is a great opportunity to provide our current clients with an expanded line of services and resources both locally and in other regions,” says Irfan Dossani, MP of Dossani Turnage & Van Hoose PC. “We are excited to join such a well-respected leader in our industry.”

Dossani Turnage & Van Hoose PC and Impact Financial Solutions LLC’s professionals are known for their depth of experience across numerous specialty areas such as management consulting, financial accounting, financial planning, and income tax compliance and consulting. The team primarily serves clients in many industries including real estate, professional services, IT services, oil and gas, manufacturing and health care.  This group brings to Whitley Penn a focus on accounting software and systems implementation that will be a new service offering to our clients and potential clients.

“Irfan and his team are a valuable addition to our firm. Their depth of experience in tax and accounting services, as well as their specialty in accounting software and systems implementation, will be beneficial to our clients,” says Larry Autrey, Whitley Penn MP. “This addition is also an example of the firm’s continued focus on growth and commitment to hiring the best of the best.”

Duggan & Massey Joins CLA

Duggan & Massey (FY17 net revenue of $4.6 million) of Atlanta has joined CLA (FY17 net revenue of $865.9 million) on July 1.

“We have been approached by many firms over the years, but CLA was unique. Their core focus on helping closely-held businesses, owners, and high net worth individuals aligned perfectly with Duggan & Massey,” says Michael Thompson, MP, Duggan & Massey. “As we met with CLA team members from all over the nation we could clearly see their values and commitment to service were at the highest standards our clients expect. We are really excited for the opportunities, resources, and advanced technology this will give us to better serve our clients. Our team will have terrific career opportunities and this puts in place a long-term plan of sustainability for the firm.”

Duggan & Massey was founded in 1956 focusing on Atlanta’s closely-held businesses and high net worth individuals. INSIDE Public Accounting has recognized Dugan & Massey PC, for five consecutive years as a Best of the Best Firms Under $5 Million, for its stellar performance and leadership.

The former Duggan & Massey team members will continue to serve clients locally and nationally from their office in Atlanta.

BST & Co. Acquires Northeast HR for Hire

BST & Co. CPAs LLP (FY17 net revenue of $16 million) of Albany, N.Y., announced the acquisition of the human resources and management consulting company Northeast HR for Hire of Albany, N.Y. The firm will continue to serve clients throughout the Capital Region and nationwide operating under the BST banner, effective immediately.

The acquisition enhances and complements BST’s service offerings of tax planning, financial consulting and business valuation with expertise in human resources operations.

The new division of BST will be led by Jack McGaughnea who founded Northeast HR for Hire in 2001 and has more than 34 years of experience as a human resources professional.

“We are pleased to welcome Jack to BST as we expand our services to meet a growing need for expertise in the field of human resources,” says Ron Guzior, MP of BST & Co. “This latest acquisition is part of our ongoing strategic plan to take advantage of the increasing trend among businesses to seek solutions to their day to day challenges through outsourcing to trusted professionals. Jack has built an outstanding operation that meets a demand critical to the success of companies both small and large, public and private.”

Under the BST banner, Northeast HR for Hire will continue to offer a full-range of human resources services individually designed to meet each client’s needs, including: employee and labor relations; recruitment; orientation and training programs; compensation and benefit design; federal and state employment regulation compliance; discipline and termination procedures; safety programs and compliance; and worker’s compensation law and claims management, amongst others.

“For nearly two decades, Northeast HR for Hire has provided superior and innovative human resources management services to hundreds of companies,” says McGaughnea. “We offer businesses the opportunity to have a team of expert human resources professionals at their disposal, without the overhead costs. I have long respected the team at BST and am excited to join them and to help expand their capabilities and operations.”

Plante Moran Acquires IPA 100 Firm

Southfield, Mich.-based Plante Moran (FY17 net revenue of $520.5 million) has announced that the team at Denver-based EKS&H (FY17 net revenue of $105.9 million) will be joining Plante Moran.

When the EKS&H team joins Plante Moran on Oct. 1, the combined firm will have more than 3,000 professionals working in 27 offices, serving national and international clients in the middle-market.

By adding offices and clients throughout the Western United States, Plante Moran will expand its domestic presence beyond the Great Lakes region and strengthen its expertise in energy and other key market segments, as well as collaborating to create new national practices.

“We are delighted to join forces with EKS&H, which shares our cultural DNA and our passion for providing unmatched client service,” says Plante Moran MP Jim Proppe. “The firm is recognized as the largest CPA firm in Denver and in the Rocky Mountain region, with respected practices in energy, high tech, transportation and other areas that complement our current offerings. We share a strong foundation in the services we provide and the industries we serve, which will allow us to better serve our clients while we accelerate our growth. Together, we will have the power to strengthen our client-oriented technology infrastructure to build on our digital premium brand.”

“We are excited about the opportunity to partner with Plante Moran, a like-minded firm deeply rooted in its commitment to clients and staff,” says EKS&H CEO Bob Hottman. “When we began discussions with Plante Moran, we were pleased to find a true consistency of our core values and philosophy, and a strong cultural alignment. Our profession will face many changes in the coming years. We will be better and stronger facing them together with our new colleagues in the Midwest.”

Sobel & Co. Valuation Practice and EAC Valuations Merge

EAC Valuations PA of Paoli, Pa., has joined Sobel & Co. (FY16 net revenue of $20.2 million) of Livingston, N.J., in their valuation practice to create Sobel Valuations LLC, a wholly-owned subsidiary of Sobel & Co.

“From the first time Frank Merenda, President and CEO of EAC Valuations, met with the Sobel & Co. valuation team, we quickly recognized the power of combining our two groups,” says Alan Sobel, managing member of Sobel & Co. “By leveraging both firms’ years of experience serving the valuation and appraisals niche market, we are positioned to effectively address the needs of the corporate business community.”

The EAC brand will continue to go to market independently, as well as together, under Sobel Valuations. This flexibility enables them to assemble a team of professionals across a wide range of disciplines. The Sobel & Co. Valuation Practice will benefit from Merenda’s adherence to EAC’s long standing mission, his deep commitment to its high standards and his well-regarded valuation and appraisal expertise gained throughout his years in the top leadership role at EAC.

“I am glad that I have the opportunity to draw on my experiences conducting a wide variety of valuations, such as Fair Value (both ASC and IFRS), Appraisals of Intangible Assets, Deferred Compensation, and Purchase Price Allocations for Financial Reporting, and Fair Market Value Appraisals for Property Tax, Insurance, Corporate Planning, Mergers & Acquisitions, and Gift/Estate Appraisal. EAC has almost 50 years as a leader in the valuation community completing more than 14,000 appraisals for clients ranging from multi-billion dollar companies to privately-held manufacturing and service companies. Joining our depth of experience with Sobel & Co.’s 60+ year legacy is a positive step for both organizations, and most importantly, for the clients we serve,” says Merenda.

The move will reinforce existing services and further expand the menu of Sobel & Co.’s valuation capabilities, which include business valuations, financial reporting valuations, strategic advisory services, commercial damages, corporate and partnership disputes, matrimonial dissolutions, estate and gift valuations, shareholder and partner buy-outs, mergers & acquisitions and a diversity of other valuation services.