A roundup of recent accounting firm mergers & acquisitions.
MARYLAND
Aronson acquires Deltek’s Washington Management Group
Details: Top 100 Firm Aronson LLC has acquired the GSA schedule consulting business of Deltek’s Washington Management Group. The new addition will offer WMG clients access to expanded service capabilities that will solve their most challenging business issues. The combination will also expand and extend Aronson’s team of government contract experts, further positioning Aronson as a full-service solutions provider to companies that do business with the federal government, and heightened collaboration with the GSA.
MASSACHUSETTS
WS+B merges in WJB
Details: Walsh, Jastrem & Browne LLP has agreed to be merged into Top 100 Firm WithumSmith+Brown. WJB’s staff, including its managing partner, Tom Walsh, and partners Jim Browne and Steve Yardumian, will join the WithumSmith+Brown team. WJB will become the Boston office of WithumSmith+Brown and will remain at its current location at 155 Seaport Boulevard, making it the largest accounting firm in Boston’s Seaport Innovation District.
NEW JERSEY
Marks Paneth adds Fischer Barr
Details: Top 100 Firm Marks Paneth has acquired Parsippany, N.J.-based firm Fischer Barr & Wissinger. The new addition generated $3.5 million in net revenue for 2014.
Fischer Barr & Wissinger will operate as Marks Paneth. Fischer Barr & Wissinger’s co-managing member, Eric Barr, has been named partner-in-charge of the valuation practice, which is part of Marks Paneth’s Litigation and Corporate Financial Advisory Services Group.
PENNSYLVANIA
Schneider Downs and The Meridian Group merge
Details: Top 100 Firm Schneider Downs entered an agreement to merge with investment banking and management consulting company The Meridian Group. The firm will change its name to Schneider Downs Meridian LP.
The merger increases Schneider Downs’ expertise in corporate finance, mergers and acquisitions and due diligence, and will immediately expand the firm’s business advisory services with corporate workout/turnaround management experience and debt refinancing.
TEXAS
CRI adds two different firms in the Houston area
Details: Top 100 Firm Carr, Riggs & Ingram has merged in the Woodlands-based CPA firms Oman Berry & Associates and BOI Consulting. Both entities will operate as CRI.
Created in 2009, BOI Consulting assists business clients with specialized support for M&A deals. The firm provides both buy-side and sell-side services with a heavy emphasis on due diligence. It also offers negotiation, evaluation, and integration support.
Oman Berry & Associates, which was established in 2012, delivers individual and business tax preparation and planning services, as well as business bookkeeping services, in the North Houston market.
CRI’s core industry specializations include construction companies, manufacturing and distribution companies, health care entities, not-for-profit organizations, governmental entities, financial institutions, and insurance companies.
VIRGINA
PBMares to merge with TMDG
Details: Henrico County-based PBMares LLP has merged in the Baltimore-based firm TMDG LLC. TMDG will become a subsidiary of PBMares. TMDG’s managing director, Matt Dubnansky, will stay on board as managing director.
Both companies are members of the McGladrey Alliance, a group of accounting firms that share technical, marketing and management services with one another and McGladrey.
The combined firm will have about 220 full-time employees.
