Powerball Jackpot Leads to Accounting M&A Deal

Two years after winning a $206.9 million Powerball jackpot, Ron Miller has sold his New Mexico CPA firm Miller & Associates to Accounting & Consulting Group LLP.

Miller and his son and partner Ryan Miller, along with other family members, are sharing in the proceeds of the lottery jackpot, whose cash payout option netted them $102.9 million after taxes, according to the New Mexico Business Weekly.

Their firm, located in the reputedly extraterrestrial inhabited town of Roswell, will aid Albuquerque-based Accounting & Consulting Group LLP’s expansion throughout the state.

“It fit the model of the type of firm that we like to acquire,” said Accounting & Consulting Group partner Jeff McWhorter. The Roswell office will be his firm’s sixth in New Mexico, and along with another office of a member firm in Lubbock, Texas. The firm has a large tax planning, preparation and compliance practice, along with a large governmental assurance and auditing group, he added.

Miller, who specializes in litigation support and business evaluation, and his son, who specializes in auditing services, will join the firm. Financial terms of the transaction were not disclosed.

The Millers were on vacation and unavailable for comment.

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