Nebraska accounting firms Lutz and McDermott & Miller are planning to combine forces under Lutz’s name in a transaction set to take effect on May 1.

Lutz has offices in Omaha and Lincoln and will be adding McDermott & Miller’s offices in Hastings, Grand Island and Omaha. The additional eight shareholders and 40 staff members will bring the total headcount to over 250 at the combined firm.

Lutz offices in Lincoln, Nebraska
Lutz offices in Lincoln, Nebraska Courtesy of Lutz

“We are excited to partner with the leading CPA firm in Central Nebraska,” said Lutz managing shareholder said Mark Duren in a statement. “McDermott & Miller professionals will strengthen Lutz’s commitment to the agriculture industry as well as bring additional non-profit and tax resources.”

The combined firm will offer financial planning, wealth management, recruiting, staffing, technology consulting, custom software development, M&A advisory and managed network services.

“On behalf of the McDermott & Miller shareholders, we are excited to join forces with Nebraska’s largest locally owned CPA firm,” said Andrew Janzen, shareholder of McDermott & Miller’s Hastings office, in a statement. Lutz offers a full range of business solutions that will benefit our clients and they will also provide best practices to our offices including service delivery efficiencies and cutting edge consulting skills.”

Koltin Consulting Group CEO Allan D. Koltin advised both firms on the deal. “Lutz is one of the ‘best of the best’ firms not just in Nebraska, but the entire country,” he said in a statement. “They are a local Nebraska firm, with a national reputation for value added services to clients and an entrepreneurial culture. McDermott & Miller was approached by numerous national firms wanting to expand into Nebraska but they felt the Lutz culture was similar to theirs. The opportunity also provided great growth potential for their talented partners and associates.”

Michael Cohn

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.