Weaver and Tidwell LLP, one of the southwest's largest independent accounting firms, announced that its net revenues for the 2006 fiscal year were $31 million -- an increase of 20 percent over the previous year.
Weaver and Tidwell completed two mergers during the year that expanded its service capabilities in areas such as construction, manufacturing and real estate. The firm also enhanced its offerings in the forensics accounting, international, and state and local tax services lines.
The firm's construction industry practice nearly doubled as a result of a merger with northern Dallas' Brehm & Company LLP, along with strong organic growth of the practice. Net revenues for Weaver and Tidwell's inventory-based business niche also increased approximately 40 percent, as did its healthcare and real estate practices, each by more than 35 percent. Expanded service offerings, as well as a merger with Dallas-based Brown & Nelson PC fueled growth in the firm's newly named Risk Advisory Services.
"The new services mix responds to the evolving needs of our clients," said the firm's Dallas executive partner and partner-in-charge of Risk Advisory Services, Alyssa G. Martin, in a statement. "We are performing higher-value services that are more useful to decision makers and relevant in the current corporate governance environment."
Weaver and Tidwell currently employees more than 200 accountants and an additional two dozen support staff. The firm also has two affiliates WT Benefits LLC and Weaver and Tidwell Financial Advisors Ltd.
Weaver and Tidwell was ranked No. 91 on Accounting Today's 2006 list of the Top 100 Firms, with revenues of $26.2 million.
Previously on WebCPA:
Weaver Tidwell Acquires Another Texas Firm (Oct. 13, 2005)
Weaver and Tidwell Merges with Brehm & Co. (June 20, 2005)
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