PENNSYLVANIA: PICPA acquires CPA Crossings
Details: The Pennsylvania Institute of CPAs has acquired CPA Crossings, a Michigan-based provider of online learning for accountants.
The acquisition, which takes effect immediately, will position CPA Crossings to deliver online learning for financial professionals across the country. CPA Crossings will operate independently, leveraging PICPA’s administrative resources and executive oversight.
“CPAs will lead the economic recovery of the United States,” said PICPA CEO and executive director Michael Colgan in a statement. “By bringing the strengths of these two organizations together, CPAs will benefit from an expanded selection of expert content and instructors, plus state-of-the-art technology to deliver education when, where, and how they want it — regardless of geography.”
He noted that the shift to online learning has grown in recent years, and as the COVID-19 pandemic has restricted group gatherings this year, the deal makes even more sense. State CPA societies across the U.S. already partner with CPA Crossings and it will continue to support them.
Adam Batchelor will remain CEO of CPA Crossings. “Adding PICPA’s resources and perspective to CPA Crossings’ tremendous programs and reputation will allow us to innovate online learning to keep pace with the accelerating changes impacting CPAs and the associations that serve them,” Batchelor said in a statement.
CPA Crossings founders John Higgins and Bryan Smith will continue as chief partnership officer and chief learning officer, respectively.
“The CPA Crossings mission has been to provide practical technology training to help CPAs succeed,” Higgins said in a statement. “For over 15 years, CPAs have chosen CPA Crossings because of the quality of over 50 nationally recognized instructors and the depth of course offerings in tax, audit, accounting, ethics, technology and more. As a CPA Crossings customer, the PICPA understands the quality programs we offer.”
The PICPA board unanimously approved the acquisition. “This is a historic event for the PICPA,” PICPA president Jill Gilbert said in a statement. “This acquisition provides significantly more value to our members, elevates the quality of training for all CPAs and positions the organization for future growth.”