While best known for the unsubstantiated tale about a falling apple that led to his theory of gravity, Sir Isaac Newton’s three laws of motion have withstood the test of time. These principles have remarkable applicability to modern-day accounting firm mergers.
Your firm was knocking the cover off the ball pre-financial crisis (circa 2007 and 2008) with a strategy of getting bigger with quality growth, stronger with quality talent, and more profitable, but it is increasingly obvious that it has become difficult competing in today’s mid-market space.
When CPA firm leaders are in discussions to merge with another firm, the conversation at some point turns to the importance of staff retention and engagement over the short and long term.
Armanino is folding in two new firms, Team Jenn Corp, a managerial accounting firm that also provides HR and payroll services, and the Brenner Group, which specializes in offering outsourced financial management to growing technology companies.
Zuora, a provider of subscription commerce, billing and finance systems, has signed a deal to acquire Leeyo Software, which helps companies automate their transition to the new revenue recognition standards.
Marcum LLP has merged in Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support, LLC, adding 55 partners and staff in New Haven, Connecticut, and Portland, Maine, to the Top 100 firm.
Withum has united its brand with a longtime partner, PWM Advisory Group, an independent registered investor advisor, to create Withum Wealth Management.
