Carr, Riggs & Ingram merges in AGH
Top 100 Firm Carr, Riggs & Ingram has expanded in Atlanta by adding AGH LLC, making CRI one of the largest firms in the city.
Financial terms of the deal were not disclosed, as it was classified as a “merger of balance sheets,” according to director of marketing Bri Brown. CRI, based in Enterprise, Ala., ranked 20th on Accounting Today’s 2017 list of the Top 100 Firms. CRI had $235.79 million in annual revenue, as of Sept. 30, 2016, while AGH had $15 million. The deal took effect on June 30, 2017.
AGH will add 11 partners and 60 staff members to CRI’s count of 219 partners and 1,124 staff as of Sept. 30, 2016.
The deal with AGH promises to bulk up CRI’s presence in the Atlanta market. “There’s no doubt that Atlanta has been booming nonstop for several decades,” said chairman and managing partner CRI Bill Carr in a statement. “Add to that a consistently growing economy, a healthy real estate and job market, and easy global access via the world’s busiest airport, and it is a winning combination full of opportunities for a rapidly growing, innovative firm like CRI. We intend to continue building upon our position as a top player in this market and are pleased that AGH has joined us.”
The firm brought in another Atlanta firm earlier this year, Babush, Neiman, Kornman & Johnson LLP (see CRI merges in BNKJ). It also added Rayburn Fitzgerald in the Nashville area, and Proctor, Crook, Crowder & Fogal in South Florida this year (see Carr, Riggs & Ingram merges in Rayburn Fitzgerald and Carr, Riggs & Ingram merges in South Florida firm).
“AGH has an exceptional client base and great depth of talent but felt CRI could provide additional resources to its clients and accelerated growth opportunities for their associates,” stated Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger. “They also felt CRI’s commitment to strategic investments in technology, innovation and training provided the perfect platform to grow their clients and people.”