FLORIDA

Moore Stephens Lovelace PA, celebrated 40 years in business in the Miami marketplace. Event attendees included clients, government officials, partners, friends of the firm, and other stakeholders. The City of Miami presented a proclamation to MSL to recognize the firm’s commitment to the South Florida community during the past 40 years.

INDIANA

Ever wondered why some M&A deals come up short? Well, Crowe Horwath just released a study that explains why companies aren't generating their ideal rate of return on completed transactions. Based on the responses of 80 C-suite and corporate development executives, the results show that while 2014 is expected to be a strong year for M&A, there is much to be desired when it comes to evaluating acquisition risk and executing transactions. Almost two-thirds of respondents have pursued three or more deals in the past two years, yet they admitted to many reservations about their companies’ deal-making prowess.  The survey highlights include:

  • Only 45 percent expressed a belief their companies do a very good job at managing their deal pipeline.
  • Less than a third of the respondents said their companies clearly define a strategic plan to identify M&A opportunities.
  • Only 37 percent said their companies have proper governance to prevent the C-suite from unduly influencing whether to consummate a transaction.
  • Just 47 percent said their companies maintain clarity and focus throughout the deal process.
  • Only 12 percent said they are very efficient at executing M&A deals.
  • A mere 9 percent of the respondents said they are very effective at capturing synergies targeted at the start of the transaction process.
  • Nearly a quarter said their companies do a poor or very poor job of communicating about and achieving alignment with the structure of a combined organization.

For more details on the M&A survey findings and to download the survey visit CroweHorwath.com where you'll get more on the Critical Pillars for M&A Success. The full press release can be found at CroweHorwath.com

MASSACHUSETTS

Integrated Financial Partners' CPA Professional Partnership Program closed 2013 with record accounting firm partnerships. The firm increased its team with 10 additional financial advisors and partnered with over 20 accounting firms.

MISSOURI

BKD LLP, Springfield, has made its debut on Training magazine’s annual Training Top 125, which ranks companies based on the excellence of their training and development programs.  BKD—the only CPA and advisory firm to appear on this year’s list—was among thousands of applicants vying for a spot on the prestigious list, placing as No. 89 and being one of only 27 organizations to make their initial appearance on the list this year.

PENNSYLVANIA

The international alliance of more than 115 independent accounting firms, TIAG, recently announced that Pritchard, Bieler, Gruver & Willison PC will become its member for Philadelphia and Lehigh Valley.