Yeo & Yeo and Hungerford & Co. of Southgate, Mich. have agreed to merge. The combined firm will operate under the Yeo & Yeo name and will give the firm the opportunity to extend its reach in the Southeast Michigan region.
The merger will add approximately $2.4 million in revenue to Yeo & Yeo annually. The firm reported that it generated more than $30 million in annual revenues for 2013.
Hungerford & Co. launched 65 years ago and has built a practice providing accounting, audit, tax and consulting services to individuals and privately held businesses, as well as not-for-profits, schools and municipalities.
"We have always been proud of our strong client relationships, and we are pleased to have found a partner who shares the same values and commitment to delivering excellent client service," stated Michael Georges, managing principal of Hungerford & Co. Georges will continue as the managing principal.
"Merging practices with Yeo & Yeo creates many opportunities," he added. "Our clients will benefit from expanded service offerings, collective depth of talent, and industry expertise as well as the global resources available through Yeo & Yeo's affiliation with LEA Global."
Initially, the Southgate office will remain at its current location, 13305 Reeck Road. Later in the year, Yeo & Yeo's Southgate and Ann Arbor offices will combine and relocate to an expanded facility located in or near Ann Arbor. This will make the Ann Arbor office the firm's second largest location, with over 30 professionals. The firm will keep a satellite office in the current Southgate location for the convenience of clients in the Downriver area.