CPA firm Eide Bailly plans to merge with Murrell, Hall, McIntosh & Co., expanding its staff to over 1,000 and providing combined revenue of $123 million.
The merger, which will take effect Aug. 1, will add more than $9 million to Eide Bailly's $114 million in annual revenue. Eighty employees and 10 partners will be joining Eide Bailly as part of the merger, according to spokesperson Liz Stabenow. The combined firm will have more than 137 partners and will serve 35,000 clients across the nation. Eide Bailly, based in Fargo, N.D., ranked 25th on Accounting Today's 2008 list of the Top 100 Firms.
"By combining our firms, we will bring greater depth of service to the marketplace," said managing partner Jerry Topp (pictured) in a statement. "Our clients not only have access to their local service providers, but to more than 1,000 experienced professionals across the firm; this will allow us to meet more of our clients' needs and broaden our business relationships."
Steve Corley, former managing partner of MHM, will serve as partner-in-charge of the Oklahoma City, Norman and Tulsa offices of Eide Bailly. The firm also has offices in Phoenix; Boise and Dubuque, Iowa; Mankato, Madelia and Minneapolis, Minn.; Billings, Mont.; Bismarck and Fargo, N.D.; and Aberdeen and Sioux Falls, S.D. The firm plans to retain the Norman office it is inheriting from MHM and will consolidate MHM's Oklahoma City office with its own office there.
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