CliftonLarsonAllen LLP, a Top 100 Firm, is adding NSBN LLP, a Regional Leader, effective Jan. 1, 2018, expanding CLA’s presence in Los Angeles.
Financial terms of the deal were not disclosed. CLA ranked 9th on Accounting Today’s 2017 list of the Top 100 Firms. CLA had $850 million in annual revenue, while NSBN had $18.5 million. NSBN ranked 26th on Accounting Today’s Regional Leaders list for the Top Firms in the West, with an estimated $20 million in annual revenue. NSBN has 19 partners and more than 90 total staff members. It has been operating for more than 60 years and plans to continue to serve clients from its Century City, Calif., office.
“For more than 60 years, clients have trusted NSBN to listen and act in their best interests,” said Larry Taylor, CLA chief practice officer for the Southwest region, in a statement. “We are committed to continue advancing that trust by listening closely to clients, in order to bring forward ideas that contribute to their success.”
CLA has more than 700 principals and 5,000 professionals, including more than 2,200 CPAs, and over 100 office locations.
“A personal touch is what this business is all about,” said NSBN managing partner Ken Miles in a statement. “Our clients trust us to guide significant and, often, personal decisions that affect their futures. CLA shares our belief that, in order to help someone, you have to first know them.”
Koltin Consulting Group, Inc. CEO Allan Koltin, advised both firms on the merger. “NSBN saw the CLA platform as a great way to provide additional value added services to their clients and create a great growth opportunity for their people,” he said in a statement. “NSBN is one of the most respected firms in Los Angeles with a wonderful tradition and culture and that is in large part what attracted CLA to them. CLA continues to be one of the most admired firms nationally in their field, and that has fueled their rapid expansion into California over the past year. CLA’s great leadership, innovation and commitment to investing in talent, technology and training have made them one of the firms that everyone wants to emulate.”
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