Kirsch CPA Group, a small Hamilton, Ohio-based firm, announced its transition to 100% employee ownership through an employee stock ownership plan.
Kirsch is among the first small firms to make this transition. It follows
Kirsch, with roughly $10 million in revenue, had two partners and now has 45 owners. With the change to an employee-owned model, the current management structure will remain the same.
"It has become increasingly common for CPA firms to pursue a merger strategy to address succession planning and team bench strength," Kirsch CPA Group CEO Peter Abner said in a statement. "After carefully reviewing many options, it became evident that an employee ownership structure was the best strategy for Kirsch CPA to thrive long-term. It allows us to preserve our unique client service model that focuses on serving clients in an advisory capacity. We believe the employee ownership model is the ideal structure for sustainability."
Founded in 1991, Kirsch provides accounting, tax, assurance and business advisory services to small and midsized businesses throughout the region.
"An ESOP is an investment in our shared future, ensuring our company culture and core values of collaboration, passion and exceptional client service remain at the forefront," John Kirsch, founder of the firm, said in a statement. "Additionally, it preserves work-life balance and flexibility — cornerstones of our success that empower our team to thrive personally and professionally."
