Citrin Cooperman merges in Schwartz & Hofflich
Details: Citrin Cooperman is expanding in Connecticut by combining with Norwalk-based Schwartz & Hofflich.
The partners and staff of Schwartz & Hofflich have joined Citrin Cooperman, effective November 1. Citrin plans to close its Southport office, and move the staff there to Schwartz's office in Norwalk. The Connecticut office now includes seven partners and 20 staff. Joining Citrin Cooperman from Schwartz & Hofflich are partners Neil Bayer, Lawrence Feldman, Barry Newman, Eric Prescott, Pasqualino Spagnoli and Gilbert Watkins, in addition to 14 staff.
Schwartz & Hofflich is expected to add $4 million in revenue to Citrin.
BDO combines with McBride Shopa
Details: BDO USA LLP is expanding to Delaware by adding the partners and staff of McBride Shopa & Co.
McBride Shopa has offices in Wilmington and Rehoboth Beach, Del. The combination will add four partners to BDO, along with 36 other professionals and staff members, and about $5 million in annual revenue. McBride Shopa has been a member of the BDO Seidman Alliance since 2000, where it cooperates on business development and client work.
cbiz/Mayer Hoffman McCann acquires Kirkland, Russ, Murphy & Tapp
Details: cbiz and its affiliated accounting firm Mayer Hoffman McCann have acquired Kirkland, Russ, Murphy & Tapp, expanding the firm's presence in Florida. cbiz, a public company, acquired KRMT's non-attest practice, while MHM acquired the attest practice. cbiz and MHM operate in an alternative practice structure.
KRMT has approximately 75 total personnel and approximately $12.8 million in revenue during the past 12 months. cbiz/MHM ranked eighth on Accounting Today's list of the Top 100 Firms, with $600.66 million in annual revenue. Eleven former shareholders of KRMT will be joining MHM as shareholders.
Clifton Gunderson acquires Farrell & Associates
Details: Clifton Gunderson has acquired Farrell & Associates, expanding the firm's footprint in Illinois. Farrell, based in Rockford, is Milwaukee-based Clifton Gunderson's ninth office in Illinois. Managing partner Steve DeBruyn and partner-in-charge Todd Etheridge will lead the new Rockford office. Financial terms were not disclosed.
Clifton Gunderson plans to retain the existing staff and partners in Farrell's Rockford office, including founding partner Robert R. Farrell and two other partners, about 14 professionals, and three administrative staff members.
This is Clifton Gunderson's fifth M&A announcement since May 2010.
Abrams Little-Gill Loberfeld merges in Gold & Goldberg
Details: Massachusetts accounting firms Abrams Little-Gill Loberfeld and Gold & Goldberg have merged.
G&G managing partner Bruce A. Gold decided to join ALL as a result of the retirement earlier this year of his partner and co-founder Len Goldberg. G&G will move into ALL's offices in Chestnut Hill.
The heads of the two firms were familiar with each other from working on various committees over the years.
ALL has 35 professionals and staff, while G&G has five, including one partner, bringing the total number of people at the combined firms to 40.
WD&W merges in Enterprise Business Advisors
Details: Enterprise Business Advisors CPAs has joined Walthall, Drake & Wallace, expanding WD&W's Lake County presence in Northeast Ohio.
The merger brings the four staff members from Enterprise Business Advisors to WD&W. They will be relocating from Enterprise's office in Mayfield Village to WD&W's Mentor office. They include Bruce Bechhold, Bob Sustar, Debbie Fellenstein and Adam Deal.
Terms were not disclosed.
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