Condit and Associates LLC has joined GBQ Partners LLC, a large tax, accounting and consulting firm based in Columbus, Ohio.
Westerville, Ohio-based Condit and Associates LLC specializes in credit union clients. The firm, founded by managing member Gary Condit, CPA, is expected to complement GBQ’s existing assurance practice and expands the firm’s capabilities to serve financial institutions.
Condit and his team of seven will join GBQ’s 35-person assurance group, effective July 1. Financial terms of the deal were not disclosed, but GBQ expects to realize an additional $1 million in annual revenue as a result of the merger, on top of the firm's $17.8 million in annual revenue last year..
Prior to establishing Condit and Associates in 1986, Condit headed the audit practice of Heine & Condit CPAs for six years and served as an audit senior with Deloitte for four years.
Condit and Associates has worked with and specialized in credit unions from its inception. “What attracted me to GBQ was the opportunity to enhance our service offerings to existing clients and the credit union industry as a whole, by combining with the specialized resources of a larger professional services firm,” Condit said in a statement. “I have known GBQ to be a leading provider of professional tax, accounting and assurance services my entire career and am excited to have their resources and dedication to client service available to our clients. GBQ’s obvious commitment to the development and retention of its people was also compelling. We will be able to offer clients a seamless union with staff continuity and zero service disruption in addition to the various resources GBQ has to offer.”
“We are delighted with this acquisition, which is consistent with our strategy of expanding and strengthening our market presence,” said GBQ managing director Darci Congrove. “Importantly, Condit and Associates is a firm with a highly complementary culture, and shares our commitment to providing service of exceptional quality, integrity and objectivity.”
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