Private equity

The accounting sector is poised to undergo its greatest reshuffling in generations.

The Top 25 Firm based in New York is expanding to Richmond, Virginia, by combining with a firm with specialized tax services.

LMC merges in Stephen A. Kepniss & Associates; Sorren adds Williams Overman Pierce; and Alpine Mar acquires Elliot Melamed.

Top 50 Firm UHY added Cincinnati-based firm Flynn & Company, expanding its reach into Ohio.

Ascend added two more CPA firms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1.

Baker Tilly, based in Chicago, is making its latest big deal, announcing its intention to acquire KraftCPAs PLLC, a Regional Leader based in Nashville.

The money represents new capital, and this initiative will run parallel to Crete's ongoing acquisition efforts.

How will private equity consolidation affect the accounting business, and what do firms and their clients need to look out for as the marketplace evolves?

Top 50 Firm Elliott Davis is taking a private equity investment from Flexpoint Ford and announced its next CEO.

Outside investment has disrupted a century of how things have always been done in accounting, and it might not sit well with the stated direction of many firms.