Porte Brown LLC has acquired Meador Stratton LLP, expanding the Chicago-area accounting firm’s footprint to Indiana.
The Meador Stratton deal represents the third acquisition by Porte Brown this year. The acquisition took effect December 1. Meador Stratton partners Ralph Meador and Louis Stratton and their five employees have joined Porte Brown. Financial terms of the acquisition were not disclosed.
“I know Porte Brown well, having developed a working relationship with them over the last 20 years,” said Meador in a statement. “Both companies share the same deep commitment to exceptional customer service so we're certain our clients will appreciate being part of the Porte Brown family.
Meador Stratton LLP will operate under the Porte Brown LLC name, but will maintain its current offices in Highland, Ind., to continue serving existing clients. 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 currently employs more than 75 people, and has more than doubled its size over the past five years after acquiring seven other firms.
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