Armanino adds Dallas firm

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California-based Top 100 Firm Armanino is expanding in Dallas by bringing on Fred J. Bastie & Associates, effective Jan. 1, 2019.

Financial terms were not disclosed. Founder Fred Bastie will join Armanino as a partner in the tax practice, and his team, which includes three other CPAs and two principals, is expected to join the larger firm as well. They will move to Armanino’s Dallas office, which is less than two miles from their current location.

“Fred and his team are well-respected in the Dallas community, and we are very excited for them to be joining with Armanino,” said Perry Kaufman, partner-in-charge for Texas at Armanino, in a statement. “Their expertise in individual, estate and gift, and real estate taxation are a great addition.”

The deal is expected to give Bastie’s individual clients access to greater expertise in tax consulting, international tax, wealth transfer strategies, business management and family office services, while his business clients will have access to a set of solutions including outsourced finance and accounting, expertise in M&A advisory, audit capabilities, technology consulting and business strategy.

“By joining together we can continue to provide our clients with a high level of personalized service while adding all the resources Armanino has to offer,” said Bastie, in a statement. “Armanino is a great fit for us, and I look forward to continuing to provide exceptional tax planning and consulting to all our clients.”

Armanino, which ranked No. 22 on Accounting Today’s 2018 list of the Top 100 Firms with $248 million in revenue, expanded to Dallas in January 2017 by merging in local firm Travis Wolff.

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M&A Armanino