COLORADO
Eide Bailly acquires Pyle
Details: Top 100 Firm Eide Bailly has acquired William D. Pyle & Associates, expanding the firm's tax practice in Boulder, Colo. The deal took effect November 1. The acquisition of Pyle's tax practice adds nearly 350 clients to Eide Bailly's client base. Financial terms of the deal were not disclosed.
Tax manager Dory Troutman, tax associate Ben Boggess and administrative assistant Sarah Hall have joined Eide Bailly from Pyle's firm.
"We recently moved into new space in Boulder to accommodate expansion opportunities," noted Eide Bailly managing partner and CEO Jerry Topp.
FLORIDA
Moss Krusick merges in Dexter & Associates
Details: Moss, Krusick & Associates has merged in Dexter & Associates, expanding the firm's presence in Orlando, Fla. The merger took effect on September 1. Financial terms of the transaction were not disclosed. As a result of the merger, Dexter & Associates managing partner James Dexter has joined Moss Krusick.
Moss Krusick partner Joe Krusick noted that Dexter's niches in estate and trust work, litigation support, and consulting blend with his firm's niches, which include closely held businesses and entrepreneurs, construction, employee benefit plans, hospitality, manufacturing, nonprofits, real estate, and SEC audits.
Dexter said that the merger would enable his firm to expand its services to local, regional and national clients, as well as join the international accounting association CPAAI. M&A consulting firm Transition Advisors assisted in the merger.
ATLANTA
Pershing Yoakley to merge in GatesMoore
Details: Health care accounting and consulting firms Pershing Yoakley & Associates and GatesMoore announced plans to merge on January 1.
The combined firm will have more than 180 employees in offices in Atlanta; Austin, Texas; Knoxville, Tenn.; and Tampa Bay, Fla. GatesMoore will contribute approximately 50 professionals and staff to the combined firm. Financial terms of the deal were not disclosed
"Over our nearly 30 years, we have never seriously considered a merger or acquisition," said GatesMoore co-founder Greg Gates. "When PYA approached us about how our two companies might work together to better service physicians, hospitals and the entire health care community, we were anxious to hear them out."
GatesMoore specializes in physician services and fair market value reporting. The firm was founded in 1982. PYA was established in 1983, and has grown to a staff of 130 in four offices.
ILLINOIS
Grant Thornton acquires military health contractor
Details: Grant Thornton has acquired Computer Technology Associates' Health Solutions Division.
The deal will give the firm five military health care contracts and the health care professionals who have supported them at CTA. Stephen Casey, the former executive vice president of CTA's Health Solutions Division, will join Grant Thornton, along with a team of specialists in the field. Casey has 10 years of program management experience within the military health system and 29 years of experience overall in health care and related technology.
Terms of the deal were not disclosed.
The acquisition is expected to strengthen the firm's global public sector practice and Grant Thornton's ability to service commercial, civilian and military health organizations.
Fiducial acquires funeral services concern
Details: Fiducial Business Centers, a provider of tax, bookkeeping and financial planning services in the U.S., has acquired Springfield, Ill.-based Funeral Directors of America and Funeral Management Services, for undisclosed terms. Fiducial currently provides business products and services to roughly 1,300 funeral director clients. The purchase reportedly will add some $17 million in revenue to Fiducial. Fiducial International provides accounting and consulting services in some 78 countries.
INDIANA
Sikich merges in Indianapolis firm
Details: Sikich LLP has entered into a merger agreement with an Indianapolis-based accounting, tax and management consulting firm with the unusually punctuated name of Ent : Imler CPA PC. The merger took effect November 1.
Ent : Imler, which was originally known as Ent & Imler, will now operate under the Sikich name.
The partners in Ent : Imler - Steven R. Imler, David A. McDaniel, Joseph E. Gordon and Steven K. Stucky - are joining Sikich as partners as part of the deal. The 30 employees from the firm will be joined by 11 people from Sikich's Indianapolis technology office and operate as Sikich's Indianapolis office.
Financial details of the merger were not disclosed.
The Ent : Imler partners are in the process of contacting their clients to inform them of the change and answer questions they may have about the transition or about Sikich.
MASSACHUSETTS
Grant Thornton finalizes CCR buy
Details: Grant Thornton has finalized its deal to acquire the assets and practices of New England accounting and consulting firm CCR LLP.
The transaction expands Grant Thornton's presence in New England. CCR has offices in Westborough, Mass., a suburb of Boston, along with Glastonbury, Conn., a suburb of Hartford, and Providence, R.I. The firm was formerly known as Carlin, Charron & Rosen LLP. Besides the new office locations, the deal will also expand several industry niches in the region for GT. A total of 140 professionals will be joining GT as a result of the deal, including 12 partners. CCR managing partner David Platt will become an assistant managing partner in New England for GT.
Boston firms merge
Details: CPA and business advisory firm Abrams Little-Gill Loberfeld revealed that it has merged with Framingham, Mass.-based Langbort & Buettner, effective December 1.
Terms were not disclosed. Going forward, the consolidated entity will do business under the brand Abrams Little-Gill Loberfeld. Both firms will operate from ALL's Chestnut Hill office. The merger adds three professionals to ALL: principals Melvin Langbort and P. Michael Buettner, and manager Adrienne Mayer.
NEW YORK
Grassi merges in Pustorino Puglisi
Details: Grassi & Co. merged in Pustorino, Puglisi & Co., another New York-based firm, effective January 1. As part of the deal, four partners and 35 staff from Pustorino will be joining the firm. The merger is expected to produce approximately $39 million in combined revenues next year. Grassi currently earns about $28 million in annual revenue, while Pustorino makes about $9 million. Managing partner Lou Grassi said he expects to add another $2 million in revenue next year for a total of $39 million at the combined firm. The deal will help his firm expand its presence in Manhattan.
Wild Maney merges in Stephen W. Irwin & Co.
Details: Wild, Maney & Resnick LLP has merged Stephen W. Irwin & Co. CPAs into its firm in Long Island, effective November 1. Irwin and his staff will practice from the combined firm's location in Woodbury, N.Y., as a principal in Wild, Maney & Resnick. Irwin said the merger would help his firm deepen its industries and specializations. Transition Advisors, a mergers and acquisitions consulting firm, assisted in the transaction. Terms of the deal were not disclosed.
ONTARIO
MNP bolsters Toronto-area presence
Details: MNP, one of Canada's largest chartered accounting firms, has merged with Mississauga, Ont.-based practice EvansMartin, effective Jan. 1, 2012.
Although MNP currently has an insolvency practice in Mississauga, the merger will create MNP's first full-service office in the Toronto suburb. MNP also operates Ontario offices in Toronto, Markham, Waterloo and Cambridge. The union will add roughly 35 additional staff to MNP.
Founded in 1975, EvansMartin provides services to a wide range of clients and industries in Mississauga and surrounding areas, including manufacturing, professional services, construction, financial services, real estate and technology. Allen Church, a partner with EvansMartin, will become the managing partner for MNP's full-service Mississauga office.
TEXAS
McConnell & Jones makes second NW Houston acquisition
Details: In its strategy to expand its presence in the North/Northwest section of Houston, regional CPA and business advisory firm McConnell & Jones has acquired the practice of Adamson, Hood & Co. Terms of the acquisition were not disclosed. Adamson, Hood & Co. is a 21-year-old full-service audit and tax firm. Partners Rick Adamson and Dee Ann Creach will join MJ. In October, McConnell & Jones acquired John A. Braden PC.
