M&A Watch

ALABAMA

Decosimo adds cost accounting and federal compliance group

Details: Top 100 Firm Decosimo has acquired the Huntsville, Ala.-based cost accounting and federal compliance solutions group Solvability.

Solvability's founder Jenny Clark and chief executive officer Joe Yearta will each serve in director roles under the new arrangement with Decosimo.

The new addition bolsters Decosimo's existing audit, tax and business advisory service offerings for government contractors, while extending Solvability's reach and resources.

"With the government contractor concentration in Huntsville and our regional firm's growing client base in this industry, it was important for us to complement our traditional assurance and tax services with the compliance advisory and specialized accounting solutions that these businesses need to effectively operate and report on their federal contracts," Decosimo's principal Ken Conner said in a statement.

Solvability helps businesses to evaluate, implement, maintain and improve their systems, and provides highly accessible and flexible options for training, consulting and technical support.

Solvability's team of government contracting specialists and CPAs provides industry solutions including ADP, Deltek, QuickBooks and Unanet to comply with federal contract audit agency requirements.

Solvability will continue to operate under the Solvability name and will retain all of its personnel. Contact numbers, as well as e-mail, online and physical addresses, will remain the same.

 

ARIZONA

REDW combines with plan administration firm

Details: REDW, one of the Top 10 Regional Leaders in the Southwest, has joined forces with Phoenix-based RCG Plan Administration LLC, a third-party administrator and record-keeper for small and midsized business and Native American retirement plans.

As part of the deal, Mike Russello, who is the founder and owner of RCG, agreed to join REDW's Benefits Department as a client relationship manager. In addition, RCG's Julie O'Brien has joined REDW as a benefits supervisor.

RCG has been managing retirement plans since 1996.

"This was another strategic move that has been in our plans for some time," said Carol Cochran, a principal at REDW and head of its Benefits Department. "RCG's knowledge and expertise complements our current service offerings and will allow us to more efficiently and cost-effectively serve our Arizona clients. With RCG now on board, and through our membership with the Alliance Benefits Group, REDW is a powerful solution for meeting all employee benefits needs of organizations of all sizes."

 

NEW YORK

Satty, Levine & Ciacco combines with John Lundy

Details: Satty, Levine & Ciacco PC, of Jericho, N.Y., added the CPA practice of John L. Lundy to its roster.

The combined firm will have a total of four partners and approximately 25 professional staff.

Lundy agreed to become a shareholder in the firm.

"Adding the talent of John Lundy and his staff helps us to better serve our growing municipal entities practice," Satty, Levine & Ciacco's managing shareholder Frank Sluter said in a statement. "We are enthusiastic about continuing the high level of service and expertise John has provided his tremendous client base."

 

ILLINOIS

Sikich expands technology specialties with merger

Details: Sikich has merged in the Plainfield, Ill.-based technology advisory firm S2 Consulting Inc., effectively enhancing its current technology offerings for clients to include specialized experience in customizing technology solutions with a focus on electronic data interchange.

The deal will give Sikich's clients access to logistics, inventory control, barcode scanning, UPS system integration, and e-commerce and EDI interfaces. S2 also brings resource planning and IT infrastructure experience.

The professionals from S2 are now located at Sikich's headquarters in Naperville, Ill., including former owners Mel Heckman and Ryan Clark.

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