The shareholders of Elliott Davis Decosimo and Crowell & Crowell have voted to combine their firms, effective Jan. 1, 2016.
The combination is expected to expand Elliott Davis Decosimo’s banking and financial services presence in Tennessee and gives Crowell & Crowell additional resources to adapt to their clients’ growing needs.
Elliott Davis Decosimo recently announced it was growing the presence of the firm’s Banking and Financial Services practice in the Nashville and Knoxville markets with the relocation of two key members of its financial services team. The combination with Crowell & Crowell further expands the banking specialty area for both firms. Elliott Davis Decosimo currently serves more than 120 financial institutions across the Southeast, many of which are SEC registrants.
Elliott Davis Decosimo ranks among the top 30 accounting firms in the U.S. and was recognized as the firm with the highest level of annual revenue growth for 2014 by Accounting Today. The firm ranked 28th on Accounting Today’s 2015 list of the Top 100 Firms, with $109.6 million in annual revenue. Financial terms of the deal were not disclosed.
“This is a great opportunity to strengthen our banking advisory team in Tennessee and broaden our reach,” said Jason Caskey, who leads Elliott Davis Decosimo’s Banking and Financial Services Practice, in a statement. “Crowell & Crowell is well-known and respected in the banking community and brings additional industry experience to our team.”
Founded in 2002, Crowell & Crowell specializes in providing audit and consulting services, including internal audit, compliance reviews, IT reviews and loan review services to financial institutions in Tennessee. The firm will maintain the current Crowell & Crowell office location in Franklin, Tennessee.
“Crowell & Crowell has had great success serving the banking and financial industry for the last 14 years,” said shareholder June Crowell. “Combining with Elliott Davis Decosimo will allow us to broaden our services available to clients through new capabilities and added expertise. Our team is excited about the opportunity and we are getting a positive response from our clients who have already expressed an interest in expanding our services.”
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