The Management Summit conference, the oldest independently-owned symposium for accounting firm executives, was sold by Atlanta-based Hudson Sawyer to the Growth Partnership, of St. Louis.

Hudson Sawyer also owns "Inside Public Accounting," which was not part of the transaction. Financial terms were not disclosed.

President of Hudson Sawyer and founder of the 16-year-old conference Martha Sawyer announced the sale before the close of the 2006 conference earlier this year.

The sale actually closed several months ago, and both organizations collaborated on planning and operating the 2006 conference. Sawyer said that she will continue to be heavily involved with the planning and operating of future Management Summit conferences.

Sawyer told the most recent conference attendees that she began cherry-picking potential buyers last year, all of whom had to meet criteria that included a proven track record of integrity, commitment to the recipe for Management Summit's success, and expertise in the accounting profession.

Growth Partnership chief executive Jeff Pawlow said that the summit's recipe for success has included a diverse group of compelling speakers, a framework for peer-to-peer interaction, and practical take-aways that participants can then implement in their firms.

"It really is a 'best practices' event, and we're committed to building on this reputation," he said in a statement.

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