M&A Roundup: Feb. 27, 2015

ARIZONA

Henry & Horne acquires Phoenix firm

Details: Henry & Horne has acquired Pittman & Murdough. John Murdough will be joining Henry & Horne as partner-in-charge of the firm’s new construction niche. This brings the number of partners to 15. Michael Gatson will be coming on board as partner emeritus, and Laureen Song is taking on the role of director of construction industry services. Three other team members will be joining the firm. All will be based out of the Scottsdale location.

Henry & Horne’s affiliate, Wealth Management, LLC, also acquired Pittman & Murdough wealth management division. The acquisition will bring the total assets under management at Wealth Management, LLC to $300 million.

GEORGIA

PKM merges in Holbrook Hicks and Associates

Details: Porter Keadle Moore accounting firm has merged in the CPA firm Holbrook Hicks and Associates, LLC. The move adds six people to PKM, including Veronica Hicks, who will arrive as partner. It also establishes a second location for the firm.

PKM is based in Downtown Atlanta in the Peachtree Center area. The Holbrook Hicks office, located in the Sandy Springs/Perimeter area of Metro Atlanta, will remain open as a branch office of PKM. Hick brings a number of clients to her new firm, which will represent just under a 10 percent growth for PKM.
Holbrook Hicks serves clients in a variety of closely-held business sectors including insurance, employee benefit plans and manufacturing as well as service industries and nonprofit organizations. Hick also has a strong background in governmental accounting

The new additions bring the size of PKM to just fewer than 70 people.

ILLINOIS

CJBS Acquires Acciari, Levy & Rabyne

Detials: CJBS has completed its acquisition of Acciari, Levy & Rabyne, of Skokie, Illinois. The combined firm will operate as CJBS. The joining of the two firms took place on February 1, 2015. The combined firm is conducting its practice as CJBS from the company's offices at 2100 Sanders Rd., Suite 200 in Northbrook, Illinois.

The company also announces that, as of the beginning of the year, Jeffrey L. Krupp, formerly a partner of Leo J. Krupp & Company in Park Ridge, Illinois, has joined CJBS.

Jeffrey Krupp began his career with Leo J. Krupp & Company in 1979. He received his Masters of Business Administration (MBA) degree from DePaul University in 1981, and his Bachelor of Science (BS) degree from Northern Illinois University in 1979.

Andersen Tax acquires private accounting solutions group

Details: Andersen Tax has acquired the private accounting solutions group, Financial Controllers Group Inc. The addition of the Financial Controllers Group will expand the service offerings provided by the Chicago office, to include all aspects of private accounting solutions.

Carole Cederstrom and John Snider were the owners of the Financial Controllers Group Inc., a multi-client family office specializing in back-office solutions, family planning and compliance. Carole and John joined Andersen Tax as Directors.

Carole Cederstrom has been providing financial advisory and accounting services to individuals and businesses for over 30 years. Carole coordinates financial information to interrelate business and personal financial areas for her clients. She uses historical information and planning to plot a course to profitability and financial security. Prior to founding the Financial Controllers Group, Carole practiced with Arthur Andersen.

John Snider serves successful families and their related businesses, trusts, foundations, and other entities. He provides income, estate and gift tax planning as well as compliance services for his clients. His entire career of over 40 years has been in the field of tax and financial services. John also served as the head of the tax department of a multi-national publisher and as a partner with a public accounting firm, specializing in middle market companies, their families and corporate executives. He began his career with Arthur Andersen in Chicago.

TEXAS

CRI adds two Texas firms from The Woodlands

Details: Carr, Riggs & Ingram has merged in The Woodlands-based CPA firm Oman Berry & Associates and BOI Consulting. Both entities will operate under the CRI name while retaining their current staff and office in The Woodlands.

Created in 2009, BOI Consulting assisted business clients by providing specialized support during mergers and acquisitions providing both buy-side and sell-side services with a heavy emphasis on due diligence, offer negotiation, evaluation, and integration support. Oman Berry & Associates, formed in 2012, delivered individual and business tax preparation and planning services, as well as business bookkeeping services, in the North Houston area for the last three years.

CRI is ranked as a Top 25 accounting firm nationally by Accounting Today and delivers services from offices located in 22 markets throughout nine states across the South. CRI Transaction Advisors, one of three divisions of CRI, is a licensed broker/dealer offering transaction services that encompasses a broad range of sell-side and buy-side offerings.

CRI’s core industry specializations include construction companies, manufacturing and distribution companies, healthcare entities, not-for-profit organizations, governmental entities, financial institutions, and insurance companies. The firm also offers specialized services including business consulting, forensic accounting, IT audit and assurance, SEC compliance, service organization control reports, tax, transaction advisory services, and wealth management.

 

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