GEORGIA: Hancock Askew merges in McElderry & Associates
Details: Hancock Askew & Co. LLP, a regional firm based in Savannah, Georgia, is adding McElderry and Associates LLC, a local tax and accounting firm.
After the merger, Hancock Askew will have two offices in Atlanta, along with offices in Augusta, Savannah, Miami and Tampa. As part of the deal, McElderry and Associates managing director John McElderry and his team are joining Hancock Askew.
Financial terms were not disclosed. “Hancock Askew & Co. completed a merger of the Brand Tax Group in Tampa, Florida, in November 2018 and now the McElderry and Associates team adds on to our Atlanta team with the opening of a second Atlanta office in January 2019,” said Hancock Askew managing partner Michael McCarthy. “Together we are a firm of 150 people with revenues approaching $20 million. We are excited about our future.”
Hancock Askew ranked 20th on Accounting Today’s 2018 Regional Leaders list for the Top Firms in the Southeast, with $14.47 million in annual revenue before both mergers.
Hancock Askew and McElderry & Associates have similar client bases and plan to further expand their tax, accounting, and consulting services to Greater Atlanta and the surrounding areas. Hancock Askew’s origins date back to 1910 and the firm is an independent member of the BDO Alliance USA.
McElderry & Associates specializes in tax, financial accounting, management consulting and QuickBooks services for clients such as high net worth individuals, real estate firms, restaurants, and medical and dental practices.
“My team is excited for the opportunity to provide additional services and work with professionals in various specialties, while ensuring we maintain excellence in customer service and quality of work," said McElderry.
Russell Reece, Atlanta office managing partner at Hancock Askew, said the addition of McElderry and his team to his firm’s Atlanta footprint “falls in line with our strategic plans to continue to grow and expand our services for businesses and individuals in the region.”