Washington, D.C.-based CPA firm Martin & Wall has joined with Milwaukee-based Chortek & Gottschalk, becoming a division of C&G.
Martin & Wall has traditionally served federal agencies, charter schools and nonprofits.
Chortek & Gottschalk has been part of the Wisconsin accounting and business advisory scene for more than 60 years, and first expanded to Chicago and now Washington, D.C. As a division of C&G, Martin & Wall will continue under the leadership of Dana Barooshian and Andrew Martin, who have each been practicing for more than 20 years.
The merger took effect on May 23. “The main thing was we had additional resources here at Chortek & Gottschalk that I think would really enhance the special expertise that Martin & Wall had with the federal government and charter schools,” said C&G managing partner Greg Junek. “Our firm had not had the opportunity to work in those areas. Martin & Wall had acquired the expertise that few other firms really have. With the additional resources we have here, I think it was a good combination.”
This is the second merger for Chortek & Gottschalk in the 60-year history of the firm. In early 2009, the firm opened a Chicago office when Dave Friedman of Friedman, Weissman & Associates joined C&G as a partner.
Junek declined to provide financial terms of the Martin & Wall merger, but he said the revenues of the combined firm will be about $6.5 million. The firm had approximately $6 million in annual revenue prior to the merger.
“We now have the 40-plus professionals from C&G, along with their firm's comprehensive resources, to add value to our Washington clientele, including cutting-edge technology,” Barooshian, a C&G principal who heads up the Washington, D.C. office, said in a statement.
“We’re excited that Martin & Wall will continue to offer our expertise in the Washington metropolitan area for federal agencies, charter schools and nonprofits.”
