Two Sacramento-area accounting firms, Gallina LLP and Burnett + Company LLP, have agreed to combine, effective Oct. 1.
Under the terms of the agreement, Burnett + Company LLP will assume the Gallina LLP name, and Steve Burnett, managing partner and founder of Burnett + Company LLP, will serve on Gallina LLPs executive committee.
Burnett is a former Gallina partner who founded his own firm in 1983. Great timing and mutual respect brought us back together as we realized the immense potential for our clients by merging two highly-successful firms, he said in a statement. A casual conversation took an opportunistic turn as we realized how well our combined firms would truly complement our clients, and how this merger will also benefit many new clients by expanding the services both firms could provide independently.
Gallina managing partner Larry Taylor noted that the two firms complement each others established practice areas, especially for construction and real estate clients. Other industries serviced include agriculture, manufacturing, mining and retail.
A chance meeting got us back together, said Taylor. Time hadnt passed. It was amazing that the firms fit together so well. The things we needed help in they had some strong people in. We had a lot of niche areas that they were looking to get into. It fit very well.
Gallina has annual revenues of about $29 million and Burnett's annual revenues are approximately $6 million, according to Taylor.
Gallina LLP was established in Sacramento in 1972 and is recognized as one of Californias largest regional accounting firms, with offices in Sacramento, Roseville, Walnut Creek, San Jose, San Bruno, Novato, Reno, Seattle, and now Rancho Cordova. Gallina LLP is ranked the 19th largest firm in California by the California Society of CPAs.
This merger not only puts Gallina in the Top 100 nationally, it also proves that firms can grow and diversify in the toughest economic times, said PDI Global Inc. CEO Allan D. Koltin, who consulted with Gallina on the merger. I wouldnt be surprised to see Gallina pull off another merger or two within the next year.
Taylor said there were no firm plans yet for a merger, but confirmed he is "working on something."
Gallina LLP plans to move their Sacramento office into Burnett + Companys office in Rancho Cordova. All other offices will remain at their current locations. There are no plans to eliminate any positions as a result of the merger. Burnett has 32 employees, while Gallina has about 175 employees.
