M&A Roundup: Oct. 3, 2014

 

ARIZONA

Frost PLLC has acquired Thomson & Co. of Phoenix, Ariz. Both firms provide services in the agriculture space.

“As a combined entity, we will expand our experience, knowledge base and resources while continuing to provide our clients with the exceptional services they expect and deserve," Doug Richardson, chairman of Frost's executive committee, said in a statement.

Given the recent addition Frost, which has offices in Little Rock, Arkansas and Fayetteville and Raleigh, North Carolina, will represent business in 48 states.

MASSACHUSETTS

P.L. Jones & Associates PC, a Worcester-based accounting firm founded in 1996, has merged with Robert C. Alario PC, a Leominster-based accounting firm founded in 1954.

The newly combined entity will operate under the Alario name and will maintain offices at 75 North Main St., Leominster, and at the Webb House, 34 Cedar St., Worcester.

The Jones firm provides accounting, audit, tax and related professional services. The Alario firm specializes in accounting, auditing, tax and management advisory services, and estate planning for individuals, businesses and nonprofit organizations.

MISSOURI

HSMC Orizon Technology has acquired IT 21. As the firm’s new leader, Michael Bohning’s first challenge was to find a technology consulting firm to strengthen HSMC Orizon Technology’s managed IT services business and, with the right opportunity, a firm that would increase their geographic coverage locally, nationally and internationally. He found both in Olathe-based firm IT21, founded by Chuck Nuffer and Rick Mentel.

Bohning, who was introduced to Nuffer and Mentel through a mutual acquaintance, liked what he saw in IT21, a consulting firm providing managed IT services and information systems consulting. After a couple of meetings, Bohning began due diligence, which included running IT21’s financials and other data through an industry benchmarking and modeling program so he could see how they stacked up against other technology consulting firms. The results projected them as one of the best in the technology consulting sector.

As of September 1, 2014, HSMC Orizon Technology acquired the assets of IT21, boosting the firm’s technology staff and services. Nuffer and Mentel will continue to consult and collaborate with HSMC Orizon Technology which has offices in Omaha, Nebraska; Lee’s Summit, Missouri; and now Olathe, Kansas.

 

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