CliftonLarsonAllen announced a pair of mergers Tuesday, with Stanislawski & Harrison CPAs in Pasadena and Titus in Milwaukee and Chicago.
Both mergers took effect Dec. 1, 2015. The Stanislawski & Harrison deal will establish a presence for Minneapolis-based CLA in Pasadena and add a team of over 45 professionals. S&H was established in 1981 and ranked among the top 40 Los Angeles County accounting firms by the Los Angeles Business Journal.
CLA ranked 10th in Accounting Today’s 2015 list of the Top 100 Firms, with $598.4 million in annual revenue.
“The culture fit was what got the deal done,” said Gary L. Adamson, president of Adamson Advisory, who advised both firms on the combination. “The S&H team was looking for a firm which is focused on the middle market with a menu of services to help them grow in Los Angeles and Southern California. CLA has the bench strength in the key industries served by S&H, and brought the people focus and the career paths that S&H wanted for its team. It also has a very entrepreneurial approach to running its offices and the firm. We talked with several top 25 firms interested in the LA market and felt that CLA was the perfect fit for the S&H clients and team.”
In the other merger deal that took effect Tuesday, with the consulting firm Titus, CLA is combining with a 14-year-old firm. Titus’s team will move into CLA’s existing offices in Milwaukee and Chicago. Besides Milwaukee and Chicago offices, Titus has also maintained offices in Indianapolis, Boston and Madison, Wis.
“We have been approached in the past to combine with other firms, but we declined, as there wasn’t the cultural fit that we need to prosper,” said Titus president and CEO Scott Seefeld in a statement. “CLA is different. Their culture of impact revolves around three concepts: leadership, ownership and entrepreneurship. This culture means all of us are empowered to support our clients’ goals to help positively impact their success.”
CLA and Titus together will continue to serve private companies, Fortune 1000 companies, nonprofit and government organizations, and the people who own and lead them.
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