Glenn Burdette adds Radakovich, Shaw & Blythe
Two CPA firms in San Luis Obispo, Calif., Glenn Burdette and Radakovich, Shaw & Blythe LLP, are combining.
Financial terms of the deal were not disclosed. As part of the deal, Radakovich, Shaw & Blythe principals Mike Radakovich, Ed Shaw, Anne Blythe and Bonnie Blanchard will join Glenn Burdette as principals. Glenn Burdette will keep RS&B’s offices and name and call it “A Division of Glenn Burdette.”
The combined firm will have more than 80 employees, with offices in Paso Robles, Santa Maria and San Luis Obispo, Calif. They specialize in servicing private sector clients in the agriculture, hospitality, estate and trust, real estate, construction and health care industries, along with public sector clients in municipalities, special districts and other government bodies throughout California. The combined firm will have revenue between $15 million to $16 million.
The merger provides opportunities for each firm. “Glenn Burdette is eager to continue to grow our services, our market area and our clientele,” said Glenn Burdette president and managing director Dan O’Hare in a statement. “By joining forces, we not only grow in size, but Glenn Burdette gains additional expertise in business valuation and litigation support, and RS&B assures its clients that they will be served for years to come. It’s an exciting synergy.”
The two firms worked for months refining the agreement, which is scheduled to close Nov. 1. “We all agreed that we needed to be ready to go before tax season starts in earnest after the holidays,” said O’Hare.
Radakovich spent the early years of his career at what was then known as Glenn, Burdette, Scheutze & Booker before he and Shaw co-founded RS&B in 1981, “We have been working on the transition for quite some time,” said Radakovich. “My partners and I wanted to be certain our employees and the company we built were in good hands. We are.”
Glenn Burdette was founded by Fred Glenn in 1965, in San Luis Obispo. Stephen Burdette, David Phillips, and David Bryson later joined the firm and name expanded to Glenn, Burdette, Phillips & Bryson. The name was simplified to Glenn Burdette in 2011. It was the first CPA firm in California to form an Employee Stock Ownership Plan, and RS&B employees will also now get ESOP benefits.