Eide Bailly to merge in Roth & Co.
Top 100 firm Eide Bailly plans to add Roth & Co., a firm based in Des Moines, Iowa, effective June 26.
The deal will add seven partners and 22 staff members to Fargo, N.D.-based Eide Bailly. The latest merger will give Eide Bailly its first office in Des Moines and its second office in Iowa. The firm already has an office in Dubuque. The addition of Roth will give Eide Bailly a total of 44 staff and 11 partners in Iowa.
The firm has been expanding rapidly in recent years across the West and Midwest regions. In January, Eide Bailly expanded to Spokane, Wash., by adding Langenhorst & Self-Merritt CPAs P.S. last November, it merged in Daines Goodwin & Co. in Salt Lake City, and JW Advisors and Bryce Wisan’s CPA practice in Las Vegas. Last October, it added Rauch, Hermanson, Everroad and Rentschler in Scottsdale, Ariz.
Financial terms of the deal were not disclosed. Eide Bailly ranked 19th on Accounting Today’s 2017 list of the Top 100 Firms. Eide Bailly had annual revenue of $254 million, while Roth had $6 million in the last fiscal year, according to a spokesperson.
“We’re excited to add Roth & Company to our firm. This addition will help us bring even more solutions and services to Iowa businesses,” said Eide Bailly managing partner and CEO Dave Stende in a statement. “Roth & Company’s culture and commitment to client service are a perfect match for our firm.”
Roth & Company managing shareholder Jay Anderson sid the union of the two firms would bring more resources and specializations to his clients and staff. “Our clients will now have access to a number of specialty services and solutions at their fingertips, while keeping the trusted relationships they have built with our staff,” Anderson said in a statement. “In addition, our staff will have access to more training and leadership opportunities that will help them shape their careers.”