UHY Advisors has acquired Step3 Consulting, a provider of performance improvement services for companies in various industries.

The two firms have been working together for three years. Prior to the acquisition, they had formed a joint venture to meet the demand for financial and operational consulting services among companies in the manufacturing and service industries. Terms of the acquisition were not disclosed.

“The integration of Step3 provides us a competitive advantage in the marketplace by meeting both the financial and operational needs of our clients,” said UHY Advisors CEO Tony Frabotta in a statement.

Step3’s employees have relocated into UHY Advisors’ Atlanta office.

UHY Advisors and UHY LLP ranked 15th on Accounting Today’s 2009 list of the Top 100 Firms, with $239.1 million in revenue.

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