Carpathia Corp., a provider of accounting consulting, staffing and executive search and placement, announced its investment in a trio of California-based accounting services firms - Irvine's Corporate DNA, Walnut Creek's The Nolan Group, and San Francisco's A4C. Financial terms of the deal were not disclosed.The move into metropolitan Los Angeles and San Francisco is Carpathia's first foray outside its home base in the Philadelphia area.
Carpathia's expansion strategy focuses on entering key markets across the country through the acquisition of firms that are a natural fit with its business model, as well as organic growth. The firm ultimately plans to operate 40 offices over the next four years.
The senior management from all three firms will join Carpathia's leadership team.
Carpathia's model involves offering services under two distinct brands. That model will see a rebranding effort begin in the fourth quarter to integrate the various operating entities, as well as any future acquisitions. Carpathia Consulting offers premium accounting and audit services, including specialties in Sarbanes-Oxley compliance and internal audit. Peopleflex Accounting Professionals provides executive-level accounting professionals on an interim or permanent basis.
