Doeren Mayhew buys Lancaster & Reed

Doeren Mayhew, a Top 50 Firm based in Troy, Michigan, has acquired Lancaster & Reed LLC, based in Key Biscayne, Florida, effective Dec. 17, 2025, expanding its presence in the Sunshine State.

Financial terms of the deal were not disclosed. Doeren Mayhew ranked No. 47 on Accounting Today's 2025 list of the Top 100 Firms, with $245 million in revenue, 180 principals, 850 staff members and 21 offices. Lancaster & Reed earned $3 million in revenue and has two partners, five other employees and one office. They will retain their office in Key Biscayne, but now operate under the Doeren Mayhew name. The deal will enable Doeren Mayhew to enter the Miami market where it plans to target high net worth and international private clients.

Courtesy of Doeren Mayhew

"Florida and the broader Southeast aren't just part of our expansion plans; they are a top priority," said Doeren Mayhew Advisors LLC CEO Chad Anschuetz in a statement Wednesday. "The region's strong economic momentum and similar mix to our existing client base make it a compelling growth opportunity for our firm. We're committed to deepening our presence and leadership in Florida, and the surrounding states, as we continue to invest and scale for the future." 

"By strategically broadening our domestic footprint while simultaneously strengthening our global expertise, Doeren Mayhew is uniquely positioned to address the complex and evolving needs of clients whose wealth, business interests and influence transcend national boundaries," said Jeffrey McCann, principal at Doeren Mayhew Advisors LLC and practice leader of the firm's international services group, in a statement. "This dual focus enables us to continue delivering superior solutions that integrate local knowledge with a deeper international perspective." 

Lancaster & Reed dates back over 30 years and provides tax, accounting and consulting services, catering to high-net-worth individuals and entrepreneurs. 

Co-founders Sherry Reed and Richard Reed will be joining the leadership team at Doeren Mayhew's international services group.  

"Our high-net-worth clients increasingly operate in complex financial landscapes, requiring resources and expertise that deliver true value," says Richard Reed in a statement. "With a commitment and reputation in the global and high-wealth advisory spaces that mirrors our own, Doeren Mayhew was a natural fit. Together, we can provide a level of sophistication, strategic insight and personalized attention our clients could not find anywhere else." 

Doeren Mayhew, founded in 1932, took a private equity investment from Audax Private Equity in August 2024 and split into an alternative practice structure with Doeren Mayhew Advisors on the non-attest side and Doeren Mayhew Assurance on the attest side. Since then, it has been expanding rapidly. Last year, it acquired TBK CPA in Houston, McMurray, Fox & Associates in Hendersonville and Gallatin, Tennessee; Novotny CPA Group in Norton Shores, Michigan; Carson & McKinney CPAs and Thurman Campbell Group in Tennessee; AGL CPA Group in Duluth, Georgia; Reimer McGuinness Hess CPAs and Advisors in Houston; Benoit & Associates CPAs in Grand Rapids, Michigan; and Draper Bialik & Co. CPAs in Grand Haven, Michigan.