North Dakota accounting firms Brady Martz & Associates PC and Reichert Fisher PC plan to merge, effective Oct. 1, expanding Brady Martz’s presence across the state.

The combined firm will operate under the Brady Martz name. Financial terms of the merger were not disclosed, but Brady Martz president Scott Stinar said his firm had $20 million in annual revenue prior to the merger and will reach $22 million after the merger.

He said the impetus behind the merger went beyond simply gaining extra offices. “It’s in proximity of what we define as our market area,” he said. “It’s in a market that’s growing. The quality of the people and the firm were attractive to us.”

Founded in 1976, Reichert Fisher is a full-service accounting, tax and consulting firm with 18 people, including four shareholders, and offices in Dickinson and Williston, N.D. In addition to handling auditing and income taxes, the firm specializes in services for the oil and gas and manufacturing industries, as well as estates and trusts.

“This merger will provide us with deeper resources and broader areas of expertise to serve our clients, including industry-specific expertise and specialized tax and business consulting,” said Reichert Fisher president Jerry Fisher in a statement.

Brady Martz was founded in 1928. In addition to gaining the new Reichert Fisher offices from the merger, the firm has offices in Grand Forks, Minot, and Bismarck, N.D. and Thief River Falls, Minn. Brady Martz is a full-service accounting, tax and consulting firm that specializes in industries such as financial institutions, construction, health care, manufacturing, government, auto dealerships, public utilities, not-for profits, Native American tribes, and agriculture.

The current shareholders of Reichert Fisher PC —  Tom Reichert, Jerry Fisher, Steve Oyloe and Nathan Sorenson — will become shareholders of Brady Martz when the merger occurs, and Fisher will remain in charge of the Dickinson and Williston offices. After the merger, Brady Martz will have six offices and 160 people, including 29 shareholders, serving 9,800 clients.

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