EisnerAmper merged in Caler, Donten, Levine, Cohen, Porter & Veil; and Ryan acquired Qvalia's VAT recovery audit consulting unit.
M&A roundup: EisnerAmper and Ryan expand
December 2, 2021 3:45 PM
FLORIDA: EisnerAmper merges in Caler, Donten, Levine, Cohen, Porter & Veil
Courtesy of EisnerAmper
The firm, known as CDL for short, dates back to 1987. Its 13 partners and a staff of 100 professionals will be joining EisnerAmper as part of the deal.
Financial terms of the deal were not disclosed. EisnerAmper ranked No. 18 on Accounting Today’s 2021 list of the Top 100 Firms, with $420.1 million in revenue last year. The firm has more than 200 partners and 2,200 staff members.
In August, EisnerAmper restructured after receiving investment from the private equity firm TowerBrook Capital Partners, splitting off its non-attest side into an entity called Eisner Advisory Group LLC (
“We’re thrilled to have the partners and staff of a firm with the stature of CDL join us,” said Christopher Loiacono, vice chair of services for Eisner Advisory Group LLC, in a statement Thursday. “As the first firm to partner with us since the TowerBrook capital infusion, it shows that companies want to join us in growing and taking their businesses to the next level.”
CDL offers audit, tax and advisory services to clients in sectors such as family offices, restaurant and hospitality businesses, professional services, nonprofits, life science and biotech companies, as well as the manufacturing, distribution, real estate, construction and other industries.
“Everyone at CDL is very excited about joining EisnerAmper, a firm whose values and reputation mirror ours,” said CDL partner-in-charge Louis M. Cohen in a statement. “This is a great opportunity for our firm and clients to benefit from the full menu of services, expertise, technology and other resources EisnerAmper brings to bear.”
Koltin Consulting Group CEO Allan D. Koltin advised CDL on the combination. “This merger is the first in a series of deals we will probably see from EisnerAmper since they combined forces with TowerBrook Capital,” Koltin stated. “CD&L is an amazing tax and advisory firm and was sought after by many regional and national firms. The Palm Beach market is exploding from a growth standpoint right now and kudos to EisnerAmper on expanding their Miami practice into the Palm Beach area.”
In June, EisnerAmper merged in
SWEDEN: Ryan acquires Qvalia’s VAT recovery audit consulting unit
Photo: Shannon Faulk
The two companies recently partnered to expand their joint offering and the acquisition is part of the partnership. Financial terms were not disclosed. The acquisition of the consulting unit includes 32 experts and Qvalia's subsidiaries in Denmark, Finland, Norway, and Sweden. Qvalia’s technology unit will remain in the Stockholm-based parent company Qvalia Group AB.
"This is a strategic acquisition and partnership for Ryan," said Ryan chairman and CEO G. Brint Ryan in a statement Thursday. “Qvalia is the Nordic market leader in VAT recovery audit consulting services and has developed a novel cloud platform to automate invoicing and accounting with significant global potential.”
The consulting unit will become Ryan’s biggest European unit and add more expertise for the firm in global business taxes. Qvalia’s technology will be offered to Ryan customers starting next year.
"Ryan has a global reach and expertise in business tax,” said Qvalia CEO Henri Taipale in a statement. “We look forward to working together in helping our joint customers. This partnership enables Qvalia to focus on growing our SaaS platform, and it supports our mission to provide finance teams with the tools they need to automate daily tasks and gain complete control of their financial data, from invoicing and information on suppliers to accounting and spend analytics.”
Ryan ranked No. 8 on Accounting Today’s 2021 list of the Top Tax Firms of 2021, with $552.54 million in annual revenue. In August, Ryan acquired
