Dixon Hughes PLLC has acquired West Virginia’s Simpson & Osborne AC, while Maryland’s Katz, Abosch, Windesheim, Gershman & Freedman PA recently announced its own acquisition of Annapolis, Md.-based Siebert Kullman PA.
Financial terms of both deals were not disclosed.
Simpson & Osborne chief executive Rick Slater will become the managing member of Dixon Hughes’ West Virginia practice area. In a statement, Dixon Hughes co-chief executive Eddie Sams said that in the coming months, the company would focus on growing its health care and community banking practice areas, creating an opportunity for up to 100 new, high-paying jobs in West Virginia over the next three years.
“Our merger strategy is simple,” Sams said. “It’s a talent search.”
Founded in 1974, Simpson & Osborne will bring 70 employees to the merger as well as a pair of West Virginia offices in Charleston and Morgantown. The deal will be effective Feb. 1.
Dixon Hughes ranked No. 20 on Accounting Today's 2006 list of Top 100 Firms, with revenues of $113 million. The firm announced the pickup of a pair of Charleston, S.C.-based practitioners in late October 2006.
Separately, regional accounting firm KAWG&F said that Siebert Kullman brought six employees with it in the merger, which became effective Dec. 14.
KAWG&F president and chief executive Alvin D. Katz said that his firm is continuing to build niche specializations in the areas of construction and real estate services, medical practices, bioscience and business valuations, as well as the more traditional areas of tax prep and financial planning.
The firm now has four locations and a staff of more than 100 professionals, including more than 65 CPAs.
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