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Daniels Joins UHY’s Board of Directors

James Daniels

James Daniels

Chicago-based UHY Advisors Inc. (FY17 net revenue of $140.8 million) announced that James Daniels, one of the firm’s managing directors, has been elected to join the firm’s board of directors.

UHY’s 7-member board is charged with the stewardship of the firm, representing all of the managing directors in guiding corporate strategy, as well as reviewing and approving annual budgets. Daniels’ term of office commenced Jan. 1.
“Jim is a highly accomplished tax expert and is a well-respected leader within our firm,” says Richard David, COO of UHY Advisors. “His experience representing our firm externally as well as advising C-suite level executives, small business owners, and municipalities in regard to tax issues will be a welcome addition to the board.”

“We have a very strong leadership foundation in place and Jim joins a seasoned board,” says Anthony Frabotta, chairman and board member of UHY Advisors. “Our board is a versatile team representing various geographic regions and professional specialties that bring unique and insightful perspectives to our firm.”
As a managing director with UHY Advisors NY Inc., Daniels leads the Albany office tax practice and oversees client services in areas of corporate, individual, estate and state and local tax issues.

More news from UHY Advisors Inc.

UHY LLP Announces Hopkins’ Admission to Partnership

Laurie Hopkins

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) has announced that Laurie Hopkins has been admitted as an audit partner in the St. Louis office.

She has more than 30 years of experience in public accounting serving clients in the greater St. Louis community. She joins UHY from CBIZ & Mayer Hoffman McCann, where she served as the lead managing director and attest practice leader in the St. Louis office in addition to serving as a member of MHM’s national board of directors.

Hopkins says, “I chose to join UHY because of the opportunity to work with a team that has a solid foundation in the St. Louis market that is supported by a strong national presence and international network. I look forward to the opportunity for growth with a group of partners that are well respected and team members that are dedicated to serving their clients and their community.”

Her move to UHY was followed by UHY acquiring the accounting, tax and attest practice of CBIZ/MHM in the St. Louis area. Hopkins and six employees from the CBIZ accounting practice in St. Louis will be joining the UHY team in St. Louis.

UHY LLP Expands in Mid-Atlantic Through Merger

Anthony P. Frabotta

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) announced that it has expanded its office in the mid-Atlantic region through its merger of the professional services firm Berman Goldman & Ribakow LLP (bgr CPAs), which is located in Columbia, Md. The merger was effective Dec. 3.

“The addition is part of UHY’s growth strategy to add quality firms and partners in the region, expand our footprint, provide added services and gain critical mass,” says Anthony P. Frabrotta, chairman and CEO, UHY Advisors. “The bgr CPAs team brings unique local service capabilities that will enhance and help us grow our platform for existing UHY services.”

This merger doubles the size of UHY in the Maryland area and is in response to continued client demand for increased services and capabilities, UHY says. Marc Rubin, MP of bgr, and Steve Wolf, partner, and their 20+ colleagues will be joining the existing UHY office in Columbia.

“UHY’s commitment to personalized, high-quality audit, tax and specialized consulting services strongly mirror that of bgr,” Rubin says. “We are eager to be able to offer our clients a broader array of resources, service offerings and solutions.”

Kansas City Firm Merges With UHY Advisors

Scott McRuer

McRuer & Associates of Kansas City, Mo., is merging with Chicago-based UHY Advisors (FY17 net revenue of $140.8 million), which was ranked No. 32 on the IPA 100 list of largest firms in the nation.

Before merging with McRuer, UHY did not have an office in the Kansas City area. Scott McRuer, founder and managing member of McRuer & Associates, will remain as a partner at UHY leading the Kansas City office, the Kansas City Business Journal reported.

McRuer has 15 employees, and all will stay with the firm.

UHY brings McRuer an auditing practice and several new specialty practices, such as cyber security, state and local tax expertise, and international accounting and consulting. It also brings more scale.

“We’ve had some companies we’ve not been able to serve in the past. We didn’t offer a few services companies wanted. Now with the involvement of UHY, that is no longer the case,” McRuer told the publication.

“At the end of the tax season, I always ask the staff if they had a magic wand what would be the things they would want to improve our operation,” McRuer says, according to the St. Louis Business Journal. “The merger with UHY gives me that magic wand. The depth of their team and their offerings, and their market slice being similar to the types of clients we like to serve, it’s just a really great fit.”

UHY LLP is the U.S. subsidiary of UHY International, which has a presence in 98 countries worldwide.

UHY Advisors Names New CEO

Steven McCarty

Steven McCarty

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) has named Steven McCarty as its new CEO, effective Jan. 1, succeeding longtime CEO Tony Frabotta, who will remain chairman of the IPA 100 firm.

McCarty has been leading UHY’s corporate finance business and was industry service leader of UHY’s professional employer organization practice. He’s also a member of UHY’s board of directors in addition to the Michigan region executive committee.

McCarty began his career 27 years ago in UHY’s tax department, moved later to the audit practice and eventually chaired the firm’s transaction services and corporate finance group. “I am grateful to our board for putting their trust in me to lead UHY’s national operations,” McCarty said in a statement. “Our firm is growing while the accounting profession as a whole is consolidating.

“Steve has been with UHY nearly 27 years and has proven himself as an exceptional colleague, industry professional and leader within the firm,” Frabotta said in a statement. “Steve has been a trusted confidant to clients and an active participant in the local communities which UHY serves. As the leader of our corporate finance practice, he has been instrumental in building that service line and participating in hundreds of middle-market transactions.”

Frabotta has served as co-CEO or CEO nationally at UHY for more than 10 years and has been running the firm’s Michigan practice for over 20 years.

“Tony Frabotta has done a masterful job building UHY partner unity and creating a strong marketing mentality,” says McCarty.

He plans to keep extending the firm’s footprint. Last week, UHY acquired Flynn Walker Diggin in Saratoga Springs, N.Y., and it merged in May with Del Conte Hyde Anello & Schuch in Farmington, Conn. In January, UHY expanded in Raleigh, N.C., with the acquisition of Bright Point Consulting. The firm is part of the UHY international network.

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.”

UHY Elects COO as New Chairman

Rick David

Rick David

UHY, the international accounting and consultancy network, has appointed the chief operating officer of Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) as its new chairman.

Rick David started his career in the audit practice of one of the Big 4, where he practiced for 30 years. He joined the UHY board of directors in October 2012 and currently serves as the treasurer of UHY.

A well-respected auditor and business adviser, he also has experience as an accountancy profession regulator and standard-setter. During his more than 40 years’ experience in the profession, David has worked with a wide range of clients from multinational corporations to smaller entrepreneurial enterprises.

“We are already seeing a large increase in cross-border work coming to the network and that is something that we intend to build on,” David says. “More of our clients want our member firms to represent them globally and that is what this network facilitates.”

One of his key priorities is to expand on the strong links between the member firms across the UHY network and will look to increase referral work between countries and knowledge sharing between local offices. This includes expertise in many newer technological developments.

“The growth in innovative new accounting practices, integrating AI and data analytics for example, are opening up a range of possibilities for the profession – to do work more efficiently and rigorously. These developments have the potential to lead to dramatic improvements in the audit process” David says.

David takes over as chairman from Bernard Fay, MP at UHY Fay & Co, UHY’s Spanish member firm and one of the top 20 leading firms in Spain.

UHY Advisors Announces Alliance with A.I.- Powered MinerEye

Yaniv Avidan

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) announced that the firm has formed an alliance with MinerEye, which uses artificial intelligence to track and protect sensitive data.

UHY, ranked among the top 50 firms in the country, says MinerEye will bolster its risk advisory group.

MinerEye’s Data TrackerTM enables business and government organizations to continuously identify, organize, track and protect vast information assets including undermanaged, unstructured and dark data, for safe and compliant cloud migration.

“Companies cannot protect, manage or utilize information they can’t find,” says MinerEye CEO and co-Founder Yaniv Avidan. “We believe Data Tracker will be an essential solution for UHY clients seeking to continuously automate data classification to reduce redundant data risk as well as complying with GDPR and other privacy regulations.

MinerEye Data Tracker helps companies consolidate internal file server data into OneDrive as part of Office 365 and Azure adoption. MinerEye helps customers swiftly identify, classify and tracking the on-premise data before, during and after it moves to the cloud.

As part of the alliance, UHY will oversee the professional services aspect of the offering, which includes advising clients regarding the implementation of the technology, as well as acting as the point of contact for clients after installation of the product.

“This alliance will add to the cybersecurity services we provide clients and ensure that they are well positioned to safeguard their most critical asset, their data,” Warren Zafrin, the leader of the Risk Advisory Services practice at UHY.

UHY Advisors Announces Alliance with Glasswall

Chicago-based UHY Advisors Inc. (FY17 net revenue of $140.8 million) announced has announced that the firm has formed a strategic alliance with the UK-based Glasswall Solutions Limited, a technology company that has developed an industry-leading solution providing unique protection against file-based cyber threats. This alliance further augments UHY’s industry-leading risk advisory services practice.

Glasswall’s technology breaks the detection paradigm of signature-based defences. Rather than looking for ‘known bad’, Glasswall allows only ‘known good’ in business documents, using its patent-protected d-FIRST™ methodology of deep-file inspection, remediation and sanitisation. Unlike signature-based technologies, Glasswall is able to eliminate all types of document attacks and zero-day malware, providing unparalleled Advance Threat Protection allied with detailed Threat Intelligence data.

As part of the alliance, UHY will provide professional services, including interfacing with clients, managing the implementation of the technology, and acting as the point of contact for clients after installation of the product.

Glasswall’s team of professionals will conduct an initial risk assessment of an enterprise’s current security posture then develop the production design based on the client’s infrastructure and operational needs. They will work closely with UHY to outline and ultimately initiate the rollout of the updated security system.

“The Glasswall solution is unique and will greatly benefit any organization looking to improve their cybersecurity framework,” says Warren Zafrin, a leader in the risk advisory services practice at UHY. “This software delivers value to all areas of the business: security, compliance, audit, governance and risk, and will help our clients on a global scale, including both private enterprises across industries as well as government and governmental institutions.”

“We are excited to form an alliance with an innovative cybersecurity firm and offer clients state of the art comprehensive cybersecurity services,” says Michael Mahoney, CEO of UHY. “This offering will benefit clients as we advise them on how to mitigate emerging cyber threats from both a strategic and logistical perspective.”

Bautista Joins UHY Advisors

John Bautista

John Bautista

Chicago-based UHY Advisors Inc. (FY17 net revenue of $140.8 million) announced that John Bautista has joined as a principal in the firm’s valuation practice based in New York.

With more than 25 years of experience in finance and strategy, predominantly at global financial services firms, Bautista’s expertise includes valuation of businesses, securities, and intangible assets for transaction, tax, financial reporting and other strategic purposes.

As a business valuation expert across industries, Bautista has significant experience in business services, industrials, technology, asset management, retail, hospitality, telecommunications, life sciences and other service sectors. He has worked closely with management teams at F1000 firms as well as middle market entities, including private equity and financial services firms.

“With over two decades of work in the valuation and financial advisory space, John has held leadership roles at top national accounting, audit, and consulting firms,” says Mike Mahoney, CEO of UHY. “We are excited for an industry veteran to join our firm and make an immediate impact.”

“John’s experience in the business valuation space and reputation as a trusted advisor to clients will help augment our growing team and practice,” says Ed Pratesi, leader of the valuation practice at UHY Advisors.

Prior to joining UHY, Bautista was a principal at a top national accounting, tax, and advisory firm. He has also held positions with Houlihan Lokey, a Big 4 accounting firm, GE Capital, Arthur Andersen LLP and Panda Restaurant Group Inc.