Aprio merges in Administrivia
Aprio, a Top 100 Firm based in Atlanta, has combined with Administrivia, an outsourced accounting firm also based in Atlanta.
The deal expands Aprio’s existing outsourced accounting offering via Aprio Cloud to include managed accounting solutions for businesses of different sizes and industries. Administrivia will now be known as Managed Accounting Solutions.
Financial terms of the deal were not disclosed. Aprio ranked 53rd on Accounting Today’s 2019 list of the Top 100 Firms, with $96.14 million in annual revenue. Aprio has nearly 500 employees, including 63 partners. The deal will add all eight of Administrivia’s employees to Aprio, plus Administrivia founder Adam Rimes, who is joining Aprio as a partner. He will lead Managed Accounting Solutions as director.
“We are excited to be joining the Aprio team,” said Rimes in a statement. “As part of Aprio, we can now offer clients best-in-class technologies to streamline their financial processes, and have it visualized in easy to understand dashboards to drive faster, better decision-making.”
The Managed Accounting Solutions team will help clients deal with day-to-day accounting activities and provide support for various accounting software products, including QuickBooks, NetSuite, Intacct, Xero and other industry specific tools. Along with Managed Accounting Solutions, Aprio also provides outsourced accounting services through Aprio Cloud.
“With the launch of Managed Accounting Solutions, we have expanded our outsourced accounting offering to now have a solution for businesses of all sizes, making running any type of business easier,” stated Aprio partner Bruce Phillips, who serves as managing director of Aprio Outsourced Accounting Services. “We’re thrilled to have Adam and the rest of the Administrivia team joining Aprio. We’re excited for what’s next.”
Aprio has combined with seven firms since 2013 as part of a targeted expansion initiative, including Magoon, Freeman, Spain & Jones in Alpharetta, Georgia; RRB Business Services in Atlanta; Yeager & Boyd in Birmingham, Alabama; and HPC, a cloud accounting firm. The firm says it plans to continue to make more strategic acquisitions in the future. The firm used to be known as Habif, Arogeti & Wynne and rebranded as Aprio in 2017.