HBK CPAs & Consultants has signed a merger agreement under which Norman, Jones, Enlow & Co. of Columbus, Ohio, will join its firm.
The merger represents greater expansion into Ohio for HBK. The firm has offices in Florida, New Jersey, Ohio and Pennsylvania. Hill, Barth & King ranked 62nd on Accounting Today’s 2015 list of the Top 100 Firms, with $56 million in annual revenue.
“We welcome NJE, which shares our client service philosophy of establishing enduring relationships that serve clients’s best interests now and into the future,” said HBK managing principal Christopher Allegretti in a statement.
The firm is a member of BDO Alliance USA.
“We are always interested in potential partnerships with solid, viable firms that meet our quality and service standards and share our core business prespectives, and NJE certainly meets both qualifications,” said HBK COO Phil Wilson.
NJE has served the Columbus area since 1954. The firm has 20 employees and offices in Columbus and Zanesville. Its main concentration has been small and midsize businesses. Construction, nonprofit organizations and multi-location restaurants are the top market segments served by NJE.
“The merger provides opportunities for our professionals to better serve their clients, from both a depth of service perspective and in terms of industry niche expertise,” said NJE president Michelle Roseberry in a statement. “Though we spoke with several large firms about the possiblity of joining them, HBK stood out because their scope of service will benefit our clients in the Columbus market in a way that wasn’t possible for us, as NJE.”
NJE’s executive team and staff will operate as HBK CPAs & Consultants from its current offices. “We’re the same people our clients have always known, offering the same dedicated service,” said Roseberry. “The merger will have no effect on our clients, other than now we can offer a greater range of service and expertise with the additional support of the HBK network.”
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