Accounting firm Rea & Associates has acquired PMAgroup, an Ohio consulting firm that advises dentists on practice management, business development and succession planning.
Rea & Associates already has an industry niche providing accounting, tax and practice management services for dental practices. The firm has 11 offices throughout Ohio, and PMAgroup will operate out of Rea’s office in Mentor, Ohio. Rea, based in New Philadelphia, Ohio, ranked 16th on Accounting Today’s 2016 Regional Leaders list of the Top Firms in the Great Lakes region, with $35.29 million in annual revenue.
PMAgroup acts as a dental practice broker helping arrange sales to businesses buying or selling a dental practice in Ohio and Western Pennsylvania. The firm also offers transition services and consulting to dental practices that are already involved in a sale. Matthew Scherer, who was named president of PMAgroup earlier this year, and Alan Hill, principal and director of dental services at Rea, will work together on helping PMAgroup’s clients complete a practice transition.
“We are particularly proud of our dental industry practice here at Rea & Associates,” Hill said in a statement. “Our team is dedicated to providing dental professionals with high-quality accounting, tax and practice management services. Bringing PMAgroup under our dental services division here at Rea allows us to help our clients in a way that we couldn’t in the past.”
