KENTUCKY
DMLO CPAs Acquires HPC
Details: DMLO CPAs has expanded its services to the medical and dental community through the acquisition of Healthcare Practice Consultants LLC.
Charles Thieman, founder and president of HPC, and five other employees will join the DMLO team, bringing the total number of employees to 91.
“Teaming up with DMLO is an ideal move for HPC,” Thieman said in a statement. “Together we are better positioned to meet the challenges of the ever-changing healthcare environment.”
Steve Custer and Jeff Calderon, both directors with significant experience working with healthcare practices, heads up the physician services group. Custer served as a consultant with HPC from 2009-2011 providing tax consultation as well as practice startup and transition advice to clients, until joining DMLO.
In addition to tax planning & compliance and accounting services, the group will offer oversight in new practice set-up, collections management, personnel training and evaluation, physician compensation arrangements, benchmarking, practice surveys, practice valuation/M&A services, and ongoing consultation.
The acquisition is part of DMLO’s strategic plan to acquire firms that have the ability to strengthen existing niches, similar to the acquisition in 2011 of Weinberg & Associates, a local tax practice.
MARYLAND
CBM and Drolet & Associates Combine
Details: CBM has merged in Drolet & Associates PLLC, Certified Public Accountants. The combined firms will operate as Councilor, Buchanan & Mitchell, PC (CBM). The combined firms will consist of 9 partners and 50 professional and support staff. Patricia Drolet will join as an Executive Committee Partner; Holly Caporale and Matthew Johnson will be partners as well. Beginning on November 1, 2014, CBM will operate out of two locations: their main headquarters in Bethesda at 7910 Woodmont Avenue, Suite 500, Bethesda, MD 20814 and their new DC office at 1901 L Street, NW, Suite 250, Washington, DC 20036.
MASSACHUSETTS
The accounting firms of Gray, Gray & Gray, LLP based in Canton,Mass., and Green & Green, LLC of Dedham, Mass., agreed to merge. The combined firm will operate as Gray, Gray & Gray, LLP, with consolidated offices located in Canton. The staffs of both firms will be retained in the merged entity, which will employ a combined total of nearly 120 team members.
Gray, Gray & Gray was founded in Boston in 1945, and relocated their offices from Westwood to Canton, MA earlier this year. The firm also has offices in Framingham and Boston. Green & Green was founded in 2001. Both firms provide accounting, audit, tax strategy, estate planning, and business advisory services to individual and corporate clients.
“We are very pleased to be joining forces with Green & Green, and look forward to working with their outstanding staff and clients,” said Joe Ciccarello, CPA, Managing Partner of Gray, Gray & Gray. “We have taken this step for many reasons primary among them being our desire to provide our clients with a wider and deeper range of services. Our combined talents and abilities mean our clients will benefit from a more comprehensive scope of accounting, tax strategy, business advisory and wealth management services.”
NORTH CAROLINA
LB&A and Haynes Strand Becomes One
Details: Matthews-based LB&A has merged with the Greensboro-based Haynes Strand and Co.
The new entity will take on the name LBA Haynes Strand PLLC and will continue to serve small and middle-market businesses. LBA Haynes Strand will have offices in Matthews, Greensboro, and Mount Airy. Terms of the deal were not disclosed. The combined firm will be led by co-managing members John Bly and Jeff Gordon and will have 65 employees, including 10 members. The merger will double the previous sizes of LB&A and Haynes Strand.
VIRGINIA
Matthews Carter & Boyce Adds Yates Klutz & Frazier
Details: Matthews Carter & Boyce agrees to merge with Yates Klutz & Frazier. The merger allowed Matthews Carter & Boyce to expand its team to include David Frazier as principal, Michelle Poole as senior manager and Susan Norton as administrative professional. The firm held a grand opening for clients to meet the new professionals on Dec. 2, 2014 at its new location at 12500 Fair lakes Circle, Suite 260, Fairfax, Va.
WISCONSIN
Huberty and Biwan & Biwan to Merge
Details: Huberty CPAs & Trusted Advisors has agreed to merge with Biwan & Biwan, a CPA firm based in Sheboygan. In addition, Huberty has offices in Ripon, Plymouth, and Markesan.
With the latest merger, the number of employees has grown to nearly 40. About half are certified public accountants. Company owners include certified public accountants Ann Freund, Gary Born, Greg Feucht and, with the latest merger, Carla Biwan Hameister.
“Existing clients now have greater access to core services including audit, consulting and wealth management, said Ann Freund, Managing Shareholder of Huberty CPAs. “No matter what location, all the offices in our firm share a strong commitment to personal service, professional expertise, and exceptional long-term leadership. These mutual values make the merger a natural fit for our loyal customers, trusted employees, and professional colleagues.”
As Huberty has grown, so has their client base. Currently, more than 4,000 small and medium size businesses, individuals, and nonprofits put their trust in Huberty’s CPAs as advisors.
In recent years the firm has been recognized nationally for its growth, consistently landing on INC magazine’s prestigious 5000 list an honor that spotlights the fastest growing private firms in America.
