Kansas City, Mo. (Sept. 5, 2002) Mayer Hoffman , McCann, a CPA firm that sold its non-attest business to consolidator CBiz in 1998, has expanded its remaining attest practice into a national force by adding the attest partners from three other firms that also sold their non-attest assets to CBiz.
The deal increases MHM's total number of shareholders to 45 from 23 and expands the company far beyond its Kansas City, Mo., base. MHM's new shareholders are partners from Ballard, Folkins & Nussbaum, in St. Louis; Parks, Palmer Turner & Yemenidhian in Los Angeles, and Duitch Franklin & Co, of Bakersfield-Oxnard, Calif.
"The time is right to enter the national business arena," said MHM national practice director Bill Hancock. "This move will expand our capabilities geographically and give us added depth in certain industries, such as construction, real estate and healthcare." He also said negotiations are underway on additional deals in other markets.
All three firms' attest practices will become part of MHM. The companies' former non-attest practices are not affected since they all are already part of CBiz, according to a spokesperson for that Cleveland-based company, which was previously known as Century Business Services.
-- John M. Covaleski
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