Armanino LLP has expanded its presence in Southern California by merging in LaRue, Corrigan, McCormick & Teasdale.
The deal takes effect Jan. 1, 2016 and will give Armanino an office in the San Fernando Valley. LCMT’s employees will continue to work from their office in Woodland Hills, Calif.
“The team at LaRue, Corrigan, McCormick & Teasdale has been a professional pillar in the San Fernando Valley for nearly 25 years, and we can’t think of a better group of professionals to partner with,” said Armanino LLP managing partner Andy Armanino in a statement. “We see a lot of ways that together we can drive growth opportunities and business strategies for their sophisticated client base with a wider range of solutions.”
Financial terms of the deal were not disclosed. Armanino ranked 26th on Accounting Today’s 2015 list of the Top 100 Firms, with $129.48 million in annual revenue.
"LCMT was on the target list of many larger firms but really liked Armanino's leadership, culture, and innovation,” said Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger. “For Armanino, this positions them to be a significant player in the valley and ties in well with their Southern California expansion plans and their recent merger with RBZ."
LCMT clients will get access to Armanino’s accounting, business management, tax, audit and estate planning services, along with technology consulting services such as budget and forecasting, business reporting and analytics, cloud computing and ERP.
“The highly personalized approach we bring to each client will remain, but now we will have the ability to tap into more resources to provide breadth of expertise to each engagement,” said LCMT partner Ken Teasdale.
