REDW merges in tribal gaming specialist
REDW LLC, a Regional Leader in the Southwest, is merging in Smith Harrison LLP, a Las Vegas-based CPA firm that specializes in tribal gaming, effective May 1.
As part of the deal, Smith Harrison partners Joe Smith and Adam Smith will be joining REDW as senior consultant and senior manager, respectively, while continuing to work from their current offices in Las Vegas. REDW, based in Albuquerque, New Mexico, is considering expanding its operations to Las Vegas at a later time.
Financial terms of the deal were not disclosed. REDW ranked No. 6 on Accounting Today’s 2019 list of Regional Leaders for the Southwest, with $30.5 million in annual revenue. The firm has 25 principals and nearly 200 team members.
“REDW’s decision to add Joe and Adam to the REDW team is part of its overall strategic plan to continue to expand its offerings and geographic footprint in the Southwest and nationally,” said REDW managing principal Steve Cogan in a statement. “The addition of Smith Harrison fits our vision perfectly, as it will augment our reach and capabilities and help tribal gaming organizations succeed in today’s highly competitive market.”
Joe Smith originally founded Smith Harrison in 2011 in Portland, Oregon. He was formerly the director of audits and finance for the National Indian Gaming Commission and has four decades of experience in the casino industry.
“The business needs of tribes have been expanding over the years, growing in complexity and sophistication,” he said in a statement. “To meet this demand, we’ve been exploring opportunities with a number of firms over the last three years, seeking one that shares our same values and a total commitment to Tribes and their enterprises. And we have found REDW to be the best fit.”
His son, Adam Smith, offers accounting, auditing and financial management services to the casino industry. “I couldn’t be more excited about joining a firm so well recognized in Indian Country,” he stated.
“REDW is privileged to be an industry leader for Indian Country," added Corrine Wilson, REDW principal and national tribal practice leader. "An essential part of serving tribes and their enterprises in the marketplace and expanding our National Tribal Practice is gaming, which is one reason we are so thrilled to welcome Joe and Adam to the team.”
Last December, REDW expanded its presence in Phoenix by merging in Mack & Rohwedder. In December 2016, it merged in Edelman Co., an accounting firm in Phoenix that specializes in servicing physicians and medical practices.