Professional services provider Jefferson Wells has acquired the Phoenix tax practice of Holt & Frank PLLC. Financial terms of the deal were not disclosed.
Completed July 11, the merger will allow the Phoenix office of Jefferson Wells to respond to growth in its tax practice and provide greater service depth. Holt & Frank specializes in federal, multistate and international tax compliance, planning and consulting. The firm has four employees and serves more than 60 clients.
"The tax practice of Holt & Frank aligned with our unique business model and culture, making it a perfect match," said the managing director of Jefferson Wells' Phoenix office, Julie McCollum, in a statement. "This opportunity allows for the strategic growth we were looking for to strengthen the services we can offer our clients."
Holt & Frank founding partner Michael Holt said that the merger would allow his firm to tap into Jefferson Wells' global resources.
Milwaukee-based Jefferson Wells operates in 43 markets and assists clients by addressing technical demands, personnel and operational concerns, as well as compliance and reporting issues. The firm also concentrates on the qualitative side of the tax compliance process, building audit response capabilities, improving performance through automation and process redesign, and lowering operating costs.
A subsidiary of Manpower Inc., Jefferson Wells reported revenues of $388 million in 2005. The company plans to open 10 new offices this year.
Previously on WebCPA:
Jefferson Wells Appoints Reinemann as President, CEO (Feb. 24, 2005)
Jefferson Wells Unveils Beantown Expansion (Nov. 30, 2004)
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