Squar Milner to combine with SRG
Squar Milner LLP, a Top 50 Firm based in Irvine, California, is expanding its presence in the San Fernando Valley by merging with SRG LLP, a firm in Woodland Hills, effective Dec. 1, 2019.
The Woodland Hills office will be the second location in the San Fernando Valley for Squar Milner, as well as the third in Los Angeles. The deal will make Squar Milner one of the top three accounting firms in the San Fernando Valley and among the top 10 in the Los Angeles area. Squar Milner currently has offices in San Francisco, San Mateo, Silicon Valley, Los Angeles, Orange County, San Diego and Encino, California, plus the Cayman Islands.
Financial terms of the transaction were not disclosed. Squar Milner ranked 41st on Accounting Today’s 2019 list of the Top 100 Firms, with $117.8 million in annual revenue and approximately 65 partners and more than 550 professionals and associates. SRG will add $11 million of revenue and nearly 55 professionals.
“We will continue to work to become one of the pre-eminent and largest firms based in California and Los Angeles,” said Squar Milner Managing Partner Steve Milner in a statement. “Last year, we were very pleased to expand our Bay Area presence by having two firms join our already robust practice there. This year our focus has been in LA We are thrilled to have the SRG team join us. They have a long history of providing expert services to their clients. Their culture was remarkably similar to our own. They have a sophisticated client base, talented people and a stellar reputation.”
In February, Squar Milner merged in Louie & Wong LLP, a firm in San Francisco, and last November it combined with another San Francisco firm, Boas & Boas LLP. In 2017, Squar Milner merged in two other California firms, DZH Phillips and Loomis & Co. CPAs.
SRG (formerly known as Solomon Ross Grey & Company) was founded in the 1960s and offers accounting, tax and consulting services such as assurance, tax planning and strategies, tax compliance and controversy and strategic business advice.
“We have built an incredible firm with fantastic clients and are very proud of our people and the clients we serve,” stated SRG co-managing partner Drew Grey. “The Squar Milner combination will give our people expanded opportunities to grow as well as provide our clients innovative and specialized resources and services.”
“We’re excited to be joining forces with Squar Milner,” added SRG co-managing partner Tina Lazaroff. “Working together, we’ll be able to offer our clients an expanded knowledge base and additional resources to help them grow and manage their businesses. Our people will benefit from comprehensive training and an opportunity to expand the LA market. It’s a win for our clients, our partners and our people.”