LarsonAllen plans to merge in Schreiner, Legge & Co., at the beginning of July, marking LarsonAllen's second merger in two years in the D.C. area.
In May 2006, LarsonAllen also merged with Langan Associates. The combination with Schreiner Legge will help bolster the firm's credit union practice.
Accountants at the two firms first met 15 years ago on an AICPA credit union committee, according to LarsonAllen spokesman Kevin Krisch. "The relationship evolved, and we had an introduction [with their principals] in D.C. and made it happen," he said.
LarsonAllen had revenue last year of $173 million and ranked No. 19 on Accounting Today's 2008 list of the Top 100 firms.
The Minneapolis-based firm is looking to grow its East Coast credit union practice with the deal, as well as pick up the West Coast clients that Schreiner Legge has in Oregon and Northern California.
Schreiner Legge's emphasis on commercial, estate and individual tax will also round out LarsonAllen's service offerings in the D.C. region. The LarsonAllen office in D.C. has mainly focused on the nonprofit and government sectors.
The deal brings 33 people and two principals from Schreiner Legge to LarsonAllen's D.C. location, for a total of approximately 85 people based there. LarsonAllen has 1,400 employees across the country.
