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