Top 100 Firm Eide Bailly LLP has acquired Minneapolis-based cost segregation firm Cost Seg Associates LLC for an undisclosed amount.
In light of the deal, Rod Axtell, managing partner at Cost Seg, will join Eide Bailly, as a partner. “Before we decided to join Eide Bailly, we wanted to be certain our client service approach and our integrity of work aligned,” Axtell said in a statement. “After several meetings, it became very clear that this is a great fit.”
Four other staff members from Cost Seg will also join the firm. Robert Lehmann will serve as a business development senior manager, while Kris Peacock, Travis Mlodzik and Joe Sawatske will join as construction engineers.
Cost Seg offers cost segregation studies to real estate owners, which will increase their cash flow. “The cost segregation group can assist clients who are dealing with the expansive repairs rules recently released by the IRS,” Ron Hecht, head of Eide Bailly’s National Tax Office, said in a statement.
Although Eide Bailly has provided clients with cost segregation services for years, Hecht said adding Cost Seg will allow the firm to provide a higher level of services to clients. “By bringing our cost segregation services in house, we will be able to help even more clients appropriately minimize their taxes with proper tax planning,” Hecht said.