MNP merges in Winnipeg firm
Details: MNP, one of Canada's largest chartered accounting firms, expanded its presence in Manitoba by merging with Hemenway Silver, effective February 1. The team from 30-plus-year-old Hemenway Silver will relocate to MNP's downtown Winnipeg location.
Hayashi & Wayland acquires Snyder
Details: Hayashi & Wayland Accounting & Consulting has acquired Snyder Accountancy, headquartered in Monterey, Calif., with a satellite office in Salinas, effective January 1. Snyder's five staff members will join the 85 members of Hayashi & Wayland. Financial terms of the acquisition were not disclosed. David Snyder founded his firm in 1981. Hayashi & Wayland was established in 1976 and currently has offices in Carmel, King City, Monterey, Paso Robles and Salinas.
Sensiba merges in W.H. Mayer
Details: Sensiba San Filippo has merged in another California firm, W.H. Mayer Accountancy Corp. The merger took effect on January 3. W.H. Mayer planned to move its offices in Pleasanton to SSF's existing Pleasanton office on Jan. 5, 2012, and will continue serving its existing clients. Terms of the transaction were not disclosed. The merger is part of a strategy to accelerate SSF's staffing and revenue growth over the next few years.
Anton Collins Mitchell merges in Doty, Lyle and Jones
Details: Anton Collins Mitchell LLP has combined practices with Doty, Lyle and Jones LLC, expanding Denver-based ACM's footprint in Colorado to Boulder.
Rick Doty and Bill Jones joined ACM as partners when the combination took effect on January 1. Terms of the deal were not disclosed. The staff in the Boulder office will remain the same and will continue to be led by Doty and Jones, who have been leading the firm for 20 years. They will be bringing over 1,500 clients to ACM, which has done previous mergers, including one when it opened an office in Greeley in 2010 by combining with Watkins & Schommer.
Porte Brown acquires Meador Stratton
Details: Porte Brown LLC has acquired Elk Grove Village-based Meador Stratton LLP, expanding the Chicago-area firm's footprint to Indiana. The acquisition took effect December 1. Ralph Meador and Louis Stratton and their five employees have joined Porte Brown. Terms were not disclosed. Meador Stratton will operate under the Porte Brown name, but will maintain its current offices in Highland, Ind. The acquisition adds some additional territory in the Chicago Southland market for Porte Brown, along with extra services such as peer reviews and technology services. Porte Brown has more than doubled its size over the past five years after acquiring seven other firms.
SJHL, BSE merge
Details: McPherson, Kan.-based Swindoll, Janzen, Hawk & Loyd has acquired Hutchinson-based BSE, effective January 1. SJHL's 25 staff and BSE's three will remain in their two office locations, under the SJHL name. Terms were not disclosed. SJHL celebrated its 75th anniversary in 2011, while BSE served the Hutchinson area for more than 85 years.
Davis & Bellomo acquires local practice
Details: CPA and business consulting firm Davis & Bellomo has acquired the Leawood, Kan.-based practice of Willa Franklin. Terms were not disclosed. Founded 13 years ago by Willa Franklin, the firm services clients in the retail, restaurant and construction industries. This is the second acquisition for Davis & Bellomo in the past 18 months.
Marcum expands in Boston
Details: Marcum LLP expanded its presence in Boston by acquiring Robert, Finnegan & Lynah PC, effective January 1. The firm, which dates back to 1932, will become part of Marcum's New England practice and has already relocated to Marcum's offices. Terms were not disclosed. The firm expanded in 2010 to New England by acquiring several offices from UHY. "Marcum continues to look at Boston as a great market for growth, and I wouldn't be surprised to see another one or two deals in the next couple of years," said Koltin Consulting Group CEO Allan Koltin, who advised RF&L.
Plante Moran merges in Stuart Franey Matthews & Chantres
Details: Plante Moran is beefing up its construction industry practice by merging in Stuart Franey Matthews & Chantres PC, a Michigan firm that focuses on contractors. The merger took effect on January 1. SFM&C has already relocated from its office in Farmington Hills to Plante Moran's headquarters in Southfield. Terms were not disclosed, but SFM&C is expected to add approximately $2.5 million in annual revenue to Plante Moran's $300 million. Partners Ken Franey, Ron Chantres, Mike Nordquist and Phil Pflugh are joining Plante Moran, along with 12 staff. However, Franey and Chantres plan to retire in the next few years.
Eide Bailly and Wipfli to merge in June
Details: Eide Bailly plans to merge with its fellow Top 100 Firm Wipfli in June to create one of the largest firms in the U.S., with revenue of more than $314 million and 2,327 partners and associates.
The combined firm will be known as EB Wipfli. The firms expect the merger to take effect on June 1. The combined firm will serve more than 70,000 clients from 41 offices across the West and Midwest, along with two offices in India.
Eide Bailly managing partner and CEO Jerry Topp will become chairman of EB Wipfli, while Wipfli MP and CEO Rick Dreher will retain his current title. They said in an interview that the two firms had been in talks about a merger for about a year, and worked out the merger without outside advisors because they both have M&A experience. Dreher noted that Wipfli will be able to enhance its health care and financial institutions niches through the combination, along with manufacturing and distribution services. His firm will also be able to add Eide Bailly's niches in agriculture and oil and gas.
Traphagen merges in Paramus firm
Details: Traphagen Financial Group, a provider of accounting and wealth management services based in Oradell, N.J., has merged in the Paramus, N.J.-based practice of Gerald Brignola, CPA, effective January 1. Terms were not disclosed. Transition Advisors, a merger and acquisition consulting firm, assisted in the deal.
Smolin Lupin merges in McKinley White
Details: Fairfield-based Smolin Lupin & Co. has merged with McKinley White & Co. LLP of Paramus, expanding the firm's services in the not-for-profit, education and transportation sectors. The merger, which took effect January 16, will bring two new CPA partners, Thomas McKinley, and Susan White, to Smolin Lupin, along with accounting and support staff. The expanded team is expected to dovetail well with the other CPAs at the firm.
BDO merges in Salibello & Broder
Details: Top 10 Firm BDO USA has expanded its New York and Los Angeles practices by adding six partners and 65 staff from Salibello & Broder, effectively acquiring the firm. S&B dates back to 1978 and specializes in employee benefit plans and high-net-worth clients. The firm also has niches in the entertainment and apparel industries. The combination will add 57 staff in New York and eight in Los Angeles to BDO. Financial terms were not disclosed. Along with former MP Salvatore Salibello, the other partners from his firm who will be joining BDO include Gary Broder, Tony Calabrese, Joseph Capparelli, Ross Rizzo and Dan Zeman.
WeiserMazars merges in Biscotti Toback
Details: WeiserMazars LLP has merged in Biscotti, Toback & Co., expanding the firm's presence in Long Island and its industry expertise in providing services for food and beverage companies.
Biscotti Toback, based in Garden City, specializes in the food and beverage industry. A team of eight partners, including managing partner and CEO Louis Biscotti, and more than 30 staff members from Biscotti Toback will join WeiserMazars' Long Island practice, based in Lake Success. Terms were not disclosed.
Deloitte absorbs Skura BI Group
Details: Deloitte has added Toronto-based Skura Business Intelligence Group to its Canadian firm, bringing in professionals from the group to augment its information management and analytics technology practice in the firm's consulting unit in Canada. Financial terms of the deal were not disclosed. Professional staff from the group who have joined Deloitte include managing director Ken Shum and technical director Chris Szaban.
Warren Averett bulks up
Details: Top 100 Firm Warren, Averett, Kimbrough & Marino LLC is merging with Wilson, Price, Barranco, Blankenship & Billingsley PC and O'Sullivan Creel LLP to create one of the largest firms in the Southeast. The merger took effect on Jan. 1, 2012, and the three firms will operate under the name Warren Averett LLC, with the identity of the original firm also being retained after the Warren Averett name. The new firm will have more than 550 team members and 12 offices from the Tennessee Valley to the Gulf of Mexico. Warren Averett LLC will also rank among the top 35 firms in the nation.
Under the new structure, James Cunningham will serve as CEO of Warren Averett LLC and continue to serve as CEO and managing member of Birmingham, Ala.-based WAKM. Montgomery, Ala.-based Wilson Price will operate as Warren Averett Wilson Price, with Charles Jordan and Richard Stabler maintaining their roles as co-managing members. O'Sullivan Creel LLP, with six offices from Baldwin County, Ala., to Okaloosa County, Fla., will operate as Warren Averett O'Sullivan Creel, with Mort O'Sullivan continuing as managing member.
Weaver expands in San Antonio
Details: Top 100 Firm Weaver has expanded its reach in the San Antonio market, merging in local firm John R. Hannah & Co. The merger was effective January 1. Terms were not disclosed. All nine employees of the 35-year-old John R. Hannah are expected to remain, including owner and founder John Hannah, who was named a senior managing director at Weaver. This is the third merger in the San Antonio market for Weaver.
Deloitte acquires mobile consultancy
Details: Deloitte's consulting arm has acquired Ubermind, a Seattle-based agency that helps companies develop and use mobile applications. Financial terms of the deal were not disclosed. The acquisition will bring proprietary methodologies to Deloitte Consulting.
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