Armanino adds Bolar Hirsch & Jennings
Armanino LLP, a Top 100 Firm based in San Ramon, California, is expanding to Orange County by merging in Bolar Hirsch & Jennings, a firm based in Irvine, effective June 1.
The deal builds on Armanino’s existing presence in Southern California. Financial terms of the deal were not disclosed. Armanino ranked 23rd on Accounting Today’s 2019 list of the Top 100 Firms, with $268 million in annual revenue. The firm has 117 partners and 1,075 staff members, for a total of 1,192 employees. Bolar Hirsch & Jennings has $20 million in annual revenue, seven partners and more than 90 staff members.
“Bolar Hirsch & Jennings is a highly specialized tax firm with an amazing group of people and will put us in the hub of Orange County, where they have created a successful and trusted brand for nearly 30 years,” said Armanino LLP CEO Matt Armanino in a statement. “Armanino has been strategically investing in the Southern California market to ensure we can better serve the market with an expanded geographic footprint that covers all the major hubs in the region. With this addition, we will now have a total of five offices throughout Southern California.”
Bolar Hirsch & Jennings’ tax practice specializes in high-net-worth individuals, real estate and corporate taxes. “Our focus on driving the best results for clients is why Bolar Hirsch & Jennings is a top accounting firm in Orange County, and joining with Armanino will allow us to bring even more solutions to clients that will make their lives easier and optimize their business operations,” stated co-managing partner BH&J David Hirsch. “This transaction not only expands our capabilities, but gives clients access to a large network of experts, including a real estate team well versed in real estate investment trusts (REITs), private equity funds and audit capabilities for all real estate businesses.”
“Bolar Hirsch & Jennings is a top-flight firm in Orange County with a stellar reputation for its client service and acuity in niche tax matters,” said Koltin Consulting Group CEO Allan Koltin, who advised both firms. “With this agreement, Armanino is extremely well positioned throughout Southern California.”
Last December, Armanino expanded its presence in Dallas by adding Fred J. Bastie & Associates. The firm originally expanded to Dallas by merging in TravisWolff in 2017.