M&A Watch

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to Tampa, Florida, through a merger with Brand Tax Group.

Brand Tax Group has a staff of eight and rev­enue of ap­prox­i­mately $1.2 mil­lion. Man­ag­ing di­rec­tor Kris­ten Brand will be join­ing Han­cock Askew as man­ag­ing part­ner of the firm’s Tampa of­fice.

“The Brand prac­tice adds to our ca­pa­bil­i­ties with a suite of next-gen tech­nol­ogy and a cloud-based monthly ac­count­ing and busi­ness ser­vices plat­form,” said Han­cock Askew man­ag­ing part­ner Michael Mccarthy.

Han­cock Askew has over 100 pro­fes­sion­als and 11 part­ners, with $14.5 mil­lion in 2017 rev­enue. It has of­fices in Sa­van­nah, Ge­or­gia, At­lanta, Mi­ami, and now Tampa.

GE­OR­GIA fran­chise group

De­tails: Antares Group Inc., plans to ac­quire Gray, Gray & Gray’s fran­chise group, ex­pand­ing the Ge­or­gia-based firm’s client base of Mcdon­ald’s fran­chisees to dozens of other states.

Antares Group is based in Cony­ers, Ge­or­gia, near At­lanta, while Gray, Gray & Gray is based in Can­ton, Mas­sachusetts, part of Greater Bos­ton. Gray, Gray & Gray is only sell­ing its fran­chise group but will re­main a sep­a­rate firm. Once the deal has been fi­nal­ized, Antares will rep­re­sent nearly 1,600 Mcdon­ald’s restau­rants in 37 states, mak­ing it one of the big­gest CPA firms in the U.S. ser­vic­ing Mcdon­ald’s owner/oper­a­tors.

Cur­rently, Antares Group has five part­ners, but with the ac­qui­si­tion, it will have seven. Antares Group cur­rently has ap­prox­i­mately 73 em­ploy­ees, but once the merger is com­plete, it will have 92.

Fi­nan­cial terms of the deal were not dis­closed. Gray, Gray & Gray had $23 mil­lion in an­nual rev­enue in 2017. Antares did not dis­close its rev­enue. Af­ter the ac­qui­si­tion, Antares Group will re­main head­quar­tered in Cony­ers, while adding a new of­fice in Bos­ton.

“This op­por­tu­nity to merge with Antares Group Inc. is ex­cit­ing for us and aligns with our goal of be­ing the pre­mier CPA firm serv­ing restau­ra­teurs and Mcdon­ald’s owner/oper­a­tors,” said Mark Kashge­gian, a part­ner at Gray, Gray & Gray who leads the fran­chise group.

IOWA Honkamp Krueger ac­quires Short & Co.

De­tails: Honkamp Krueger & Co. PC, a Top 100 Firm based in Dubuque, Iowa, has ac­quired Short & Co. CPA PLC, a firm based in the Des Moines area.

The deal will add two new part­ners and four team mem­bers to Honkamp Krueger. That will bring its to­tal num­ber of em­ploy­ees to 459, in­clud­ing the six new team mem­bers from Short’s of­fices in Wau­kee, Iowa. Fi­nan­cial terms of the deal were not dis­closed. Honkamp Krueger had $70.9 mil­lion in an­nual rev­enue in 2017.

KEN­TUCKY Bald­win CPAS merges in Lin­de­meyer CPA

De­tails: Bald­win CPAS is ex­tend­ing its foot­print in the Louisville, Ken­tucky, area by merg­ing in Lin­de­meyer CPA, a firm in nearby Crest­wood.

Bald­win al­ready has five of­fices across Ken­tucky, in­clud­ing Louisville, Flem­ings­burg, Lex­ing­ton, Maysville and Rich­mond. With the ac­qui­si­tion, Bald­win CPAS will add 13 more em­ploy­ees, in­clud­ing two part­ners. The firm plans to main­tain both

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