MINNESOTA
KDV Wealth Management merges in Nies Financial
Details: Nies Financial Group, a financial firm based in Sartell, Minn., has joined KDV Wealth Management, a regional financial services and CPA firm. The merger is expected to broaden KDV's portfolio of expertise, services and clients.
Nies Financial Group CEO Royce Nies will continue serving clients through KDV. His group is one of a growing number of financial firms with ownership nearing retirement age and exploring succession plans. "The industry has changed," said KDV Wealth Management CEO Dave Hinnenkamp. "Today, we have more independent financial professionals that own smaller firms throughout this community and nation. As the Baby Boomers begin to retire, consumers will hear about more ownership changes at local financial firms and likely more mergers like this that allow customers to receive seamless services."
OHIO
Skoda Minotti acquires technology services firm
Details: Accounting firm Skoda Minotti has acquired information technology firm Computer Troubleshooters Independence, increasing the size and capabilities of Skoda Minotti's growing Information Technology Services Group.
Computer Troubleshooters' staff complements Skoda Minotti's existing offerings with a range of IT capabilities, including managed services, Internet phone service, mobility solutions, backup and disaster recovery, cloud computing, hardware support, troubleshooting and repair, software installation and support, software troubleshooting, virus protection and Internet security, networking, custom software development, and training.
The members of Computer Troubleshooters' leadership joining the firm are Brian Rosenfelt, who will serve as a senior manager in the Skoda Minotti Information Technology Services Group, and Tom Suhadolnik, who will serve as an engineer in the Skoda Minotti IT Services Group.
PENNSYLVANIA
Ernst & Young acquires ISA Consulting
Details: Ernst & Young has acquired business performance management consultancy ISA Consulting for an undisclosed sum.
ISA, based in Philadelphia, also has operations in New York, Atlanta, Boston and Washington, D.C. The firm specializes in helping companies improve their efficiency through business performance management, business intelligence and data integration services. The organization will provide Ernst & Young with intellectual property to augment its current capabilities in analytics technologies for addressing performance management and improvement.
The global Ernst & Young organization has experienced very strong organic growth in its advisory businesses overall, with more than 20,000 professionals now in the global advisory network. The firm has recently acquired several other consulting firms in the performance improvement market segment in the U.S., including Hacktics, Global Analytics, EnteGreat, Capital City Technologies and Sargas.
QUEBEC
MNP to merge in Montreal firm
Details: Canadian chartered accountancy and business advisory firm Meyers Norris Penny said that it will merge in Montreal-based valuation and litigation support services firm Wise, Blackman, effective June 1.
Financial terms of the deal were not disclosed.
Founded in 1979, Wise, Blackman serves clients both in Canada and the U.S. Its client base comprises closely held businesses, multinational public companies, and accounting and law firms, as well as federal and provincial government departments.
"We are excited about expanding our Montreal presence with an internationally respected firm that will allow us to bolster our current valuation and litigation support services practice," said MNP CEO Daryl Ritchie.
The deal with Wise will mark MNP's third merger in the Montreal market.
