Katz, Sapper & Miller acquires Caskey & Daily
Katz, Sapper & Miller, a Top 100 Firm, has expanded in its home base city of Indianapolis by acquiring Caskey & Daily, P.C., adding more expertise in servicing health care clients.
Caskey & Daily was founded in 1989 and has built up a health care practice that will help KSM to expand its own health care practice, which provides tax and accounting services, consulting, fair market value assessments, transactions and valuations to various types of health care organizations. Caskey & Daily also offers tax and accounting, along with financial planning, business consulting, and personal family services.
“Like KSM, Caskey & Daily has provided unmatched service to clients with integrity and excellence,” said KSM managing partner David Resnick in a statement. “Bringing on the Caskey & Daily team will complement the depth and breadth of resources that KSM offers. We’re excited about this union and welcome Caskey & Daily’s professionals and clients to our firm.”
Financial terms of the deal were not disclosed. KSM ranked 55th on Accounting Today’s 2019 list of the Top 100 Firms, with $94.67 million in annual revenue. The firm has approximately 42 partners and 445 employees.
Jim Caskey and Amy Daily are joining KSM as partners. Caskey & Daily will move to KSM’s Indianapolis headquarters. KSM also has offices in Fort Wayne, Indiana; Oklahoma City; and New York City.
“My partner, Amy Daily, and I are very proud of our team and the success we’ve enjoyed over the years,” stated Caskey, president and CEO of Caskey & Daily. “We’re excited to join KSM, which enjoys a solid reputation for providing innovative business solutions to its clients. As part of the KSM team, we look forward to providing our clients a wider range of offerings while maintaining our personal client relationships and high level of service.”
KSM has been making a number of moves on the M&A front. In June, KSM acquired Connect Think, an Indianapolis business app development firm. In April, it sold a majority stake in its KSM Consulting unit to Renovus Capital Partners, a Philadelphia-based private equity firm. In 2015, KSM acquired another Indiana firm, Krouse, Kern & Co.