Top 100 Firm Doeren Mayhew announced that it will merge with CPA firm Orth, Chakler, Murnane & Co., effective October 1.
During a transition period, OCM will operate as Orth, Chakler, Murnane & Co., A Doeren Mayhew Firm.
Founded in 1996, the firm provides audit and assurance and consulting services to the credit union industry. Both OCM and Doeren Mayhew are ranked among the top auditors for credit unions.
“Merging with a firm of OCM’s talent and niche expertise reflects Doeren Mayhew’s continuing investment in the financial institutions industry,” said Doeren Mayhew chairman Mark Crawford in a statement. “It also allows us to expand our local presence in Florida and Texas, which has been part of Doeren Mayhew’s long-term multi-region growth strategy.”
OCM co-founder and managing partner Doug Orth said, “For our clients, this news means access to the consolidated resources of two of the nation’s top credit union auditing and advisory firms, and an expanded suite of professional services critical to an industry that continues to grow in terms of asset size, complexity and expectations.”
“As skilled competitors for 20 years, the two firms have a mutual strategic vision of the future for our clients, staff and shareholders. Our combined synergies and extensive intellectual resources will allow us to deliver industry insight and risk management methodologies guided by a team of shareholders with more technical knowledge and experience in the credit union sector than any other CPA firm in the nation,” said Robin D. Hoag, shareholder in Doeren Mayhew’s Financial Institutions Group.
OCM has seven partners and nearly 60 professionals in offices in Florida, North Carolina and Texas, all of whom will continue with the combined organization. Co-founders Douglas Orth, Hugh Chakler and John Murnane, as well as the firm’s four other partners, Daniel Moulton, James Griner, Lori Carmichael and Jack Kenney, will continue their current roles as shareholders within Doeren Mayhew’s Financial Institutions Group, which will grow to more than 80 employees, including 13 shareholders.
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