CALIFORNIA
Details: DLC Inc. acquired Beacon Resources LLC, a finance and accounting staffing and executive search firm.
Beacon, founded in 2010, is headquartered in Newport Beach, Calif. The transaction closed last week; terms were not disclosed.
Both firms will retain their individual brand identities under the banner of DLC Group and have offices in Orange County, Calif.; San Diego; Los Angeles; San Francisco; and Chicago. The combined company will have more 250 consultants.
CEO Mike Kelly and his management team will continue to lead Beacon.
“This is a very significant and strategic acquisition for our firm,” DLC CEO Tom Sweeney said in a statement. “Beacon is a great finance and accounting services firm run by a very successful and talented management team. The acquisition will clearly afford both parties access to new channels of distribution and the opportunity to provide more complete solutions to our current and future clients.”
DLC began as an executive recruiting firm in 1993, but now provides finance and accounting services to businesses. It is a portfolio company of Gryphon Investors, a San Francisco-based private equity firm.
IOWA
Details: H&S Companies has acquired Laurie A. Russell CPA in Grand Rapids. Russell and her team of two will remain in their office, at 4970 Cascade Rd. SE.
Russell’s firm launched in 1986 and assist mostly self-employed clients in the southeast Grand Rapids area with a range of accounting, tax and consulting services.
H&S noted that Russell will continue to focus on tax and accounting services for a variety of Grand Rapids area individuals and small businesses. “My team and I look forward to joining the H&S family,” Russell said in a statement. “It will afford us access to more resources, allowing us to provide new services to our clients while we assist them in achieving their financial goals.”
Russell is a member of the Grand Rapids Area Chamber of Commerce, the Michigan Association of CPAs and AICPAs.
The new addition give H&A a total of 60 employees.
