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CAL­I­FOR­NIA Ar­manino adds Bo­lar Hirsch & Jen­nings

De­tails: Ar­manino LLP, a Top 100 Firm based in San Ra­mon, Cal­i­for­nia, ex­panded to Or­ange County by merg­ing in Bo­lar Hirsch & Jen­nings, a firm based in Irvine.

The deal builds on Ar­manino’s ex­ist­ing pres­ence in South­ern Cal­i­for­nia. Fi­nan­cial terms of the deal were not dis­closed. Ar­manino had $268 mil­lion in an­nual rev­enue. The firm has 117 part­ners and 1,075 staff mem­bers, for a to­tal of 1,192 em­ploy­ees. Bo­lar Hirsch & Jen­nings has $20 mil­lion in an­nual rev­enue, seven part­ners and more than 90 staff mem­bers.

“Bo­lar Hirsch & Jen­nings is a highly spe­cial­ized tax firm with an amaz­ing group of peo­ple and will put us in the hub of Or­ange County, where they have cre­ated a suc­cess­ful and trusted brand for nearly 30 years,” said Ar­manino CEO Matt Ar­manino in a state­ment. “Ar­manino has been strate­gi­cally in­vest­ing in the South­ern Cal­i­for­nia mar­ket to en­sure we can bet­ter serve the mar­ket with an ex­panded geo­graphic foot­print that cov­ers all the ma­jor hubs in the re­gion. With this ad­di­tion, we will now have a to­tal of five of­fices through­out South­ern Cal­i­for­nia.”

Bo­lar Hirsch & Jen­nings’ tax prac­tice spe­cial­izes in high-net-worth in­di­vid­u­als, real es­tate and cor­po­rate taxes.

“Bo­lar Hirsch & Jen­nings is a top-flight firm in Or­ange County with a stel­lar rep­u­ta­tion for its client ser­vice and acu­ity in niche tax mat­ters,” said Koltin Con­sult­ing Group CEO Al­lan Koltin, who ad­vised both firms. “With this agree­ment, Ar­manino is ex­tremely well po­si­tioned through­out South­ern Cal­i­for­nia.”

GE­OR­GIA McGuire Spon­sel merges in Ernst & Morris

De­tails: Tax and con­sult­ing firm McGuire Spon­sel has added Ernst & Morris, a firm that spe­cial­izes in cost seg­re­ga­tion stud­ies.

Based in In­di­anapo­lis, McGuire Spon­sel helps CPA firms with spe­cial­ized ser­vices such as cost seg­re­ga­tion, re­search and de­vel­op­ment tax credit stud­ies, IC-DISC, and eco­nomic in­cen­tives ad­vice.

Ernst & Morris is based in Ma­ri­etta, Ge­or­gia, just out­side of At­lanta. It’s one of the old­est and big­gest firms ded­i­cated to cost seg­re­ga­tion stud­ies, which help clients iden­tify prop­erty as­sets to optimize de­pre­ci­a­tion de­duc­tions for fed­eral tax pur­poses. Founded in 1993, Ernst & Morris op­er­ates in all 50 states ser­vic­ing both CPA firms and prop­erty own­ers.

Fi­nan­cial terms of the deal were not dis­closed. The com­bined firm has 50 em­ploy­ees.

Wind­ing River Con­sult­ing CEO Gary Shamis said the merger rep­re­sents an opportunit­y for both firms and the clients they serve. “This is a sub­stan­tial com­bi­na­tion of in­dus­try forces,” he stated. “McGuire Spon­sel has quickly de­vel­oped a na­tional rep­u­ta­tion for high-level ad­vi­sory work, and Dave McGuire is a lead­ing in­dus­try ex­pert. Ernst & Morris is an in­dus­try pioneer and con­sid­ered to be one of the top cost seg­re­ga­tion bou­tique firms in the coun­try. It’s a size­able con­cen­tra­tion of tech­ni­cal ex­per­tise, proven track records, and client-fo­cused ser­vice.”


De­tails: Top 7 Firm BDO USA has an­nounced the ac­qui­si­tion of TAXPE, a firm that focuses on end-to-end in­come tax re­port­ing pro­cesses for large cor­po­rate tax de­part­ments.

Scott Hice, CEO of TAXPE, has joined BDO as a part­ner and na­tional leader of BDO’s tax trans­for­ma­tion ser­vices prac­tice. TAXPE has pre­vi­ously worked with more than 300 com­pa­nies on tax per­for­mance projects in­volv­ing tax pro­vi­sion­ing and com­pli­ance soft­ware en­hance­ments.

"It’s gen­er­ally look­ing at how the tax depart­ment de­liv­ers all of their de­liv­er­ables, go­ing from the source, whether it’s the process it­self, the doc­u­men­ta­tion around the process, and how do they do their day-to-day, month-to-month, quar­ter-to-quar­ter and year-to-year ac­tiv­i­ties, all in driv­ing to­wards largely de­liv­er­ing the tax pro­vi­sion­ing and the tax re­turns glob­ally," Hice said.

BDO's ac­qui­si­tion aims to help com­pa­nies nav­i­gate the web of tax laws and reg­u­la­tions through im­proved pro­cesses and tech­nol­ogy to re­spond to pol­icy changes, while cre­at­ing a more efficient work en­vi­ron­ment and gen­er­at­ing value for the busi­ness.

“BDO is see­ing a huge in­crease in these types of projects, and BDO is grow­ing

quite a bit, so to have Scott and his team come over is go­ing to help us ser­vice our clients bet­ter," said BDO tax trans­for­ma­tion ser­vices manag­ing direc­tor Bar­bara Torzewski. "To­gether we can re­ally build some things that are what our clients areCY look­ing for.”

Fi­nan­cial terms of the ac­qui­si­tion were not dis­closed, but the deal is ex­pected toK dou­ble the size of BDO's tax trans­for­ma­tion ser­vices prac­tice. The ac­qui­si­tion will bring more For­tune 500 clients to BDO, along with new tech­nol­ogy.

NE­VADA Ru­binBrown to ex­pand in Las Ve­gas

De­tails: St. Louis-based Top 100 Firm Ru­binBrown LLP will add the team mem­bers of Las Ve­gas-based CPA firm Brad­shaw Smith & Co. The com­bi­na­tion is ex­pected to bol­ster Ru­binBrown’s gam­ing prac­tice, and make it the sec­ond-largest ac­count­ing firm in Las Ve­gas.

Fi­nan­cial terms of the deal were not dis­closed. Brad­shaw Smith will add 25 to­tal team mem­bers, in­clud­ing six part­ners — Dou­glas Win­ters, Jef­frey Cooper, Michael Dob­bins, Heather Grech, Jef­fery Pero and Christy Lou Ban­ton — to Ru­binBrown’s cur­rent Las Ve­gas of­fice, which cur­rently has 74 team mem­bers,

in­clud­ing 11 part­ners. The com­bined of­fice will be led by Glenn Good­nough, the manag­ing part­ner of Ru­binBrown’s Ve­gas prac­tice.

Founded in 1976, Brad­shaw Smith spe­cial­izes in gam­ing, real es­tate, con­struc­tion, broad­cast­ing, non­profit, med­i­cal and manufactur­ing ser­vices.

NEW JERSEY PKF O’Con­nor Davies merges in Ho­du­lik and Mor­ri­son

De­tails: PKF O’Con­nor Davies, a Top 100 Firm based in New York, has added Ho­du­lik and Mor­ri­son, a firm in High­land Park, New Jersey, that spe­cial­izes in au­dit ser­vices for the pub­lic sector.

Ho­du­lik and Mor­ri­son will ex­pand PKF O’Con­nor Davies’ pub­lic sector prac­tice, but will op­er­ate as a di­vi­sion of the firm. The deal rep­re­sents PKFOD’s lat­est ex­pan­sion and the third firm to join in the last six months as it con­tin­ues to grow along the East Coast.

Fi­nan­cial terms of the deal were not dis­closed. PKFOD had $165.75 mil­lion in an­nual rev­enue, while H&M had $2.5 mil­lion. PKFOD has 105 part­ners and 755 staff, and will be adding two part­ners and more than a dozen staff from H&M to PKFOD’s of­fice in Cran­ford, N.J. PKFOD has 11 of­fices in five states.


Out of the Box Tech­nol­ogy and EBS As­so­ciates merge

De­tails: Out of the Box Tech­nol­ogy and EBS As­so­ciates, two ac­count­ing firm­scum-Quick­Books so­lu­tions providers, have merged. Op­er­at­ing un­der the name of Out of the Box Tech­nol­ogy, they aim to be a one-stop shop pro­vid­ing ser­vices for ev­ery­thing re­lated to Quick­Books, as well as of­fer­ing a range of book­keep­ing, busi­ness and soft­ware-in­te­gra­tion ser­vices to ac­count­ing pro­fes­sion­als and the SMB mar­ket at large.

Denise Loter-Koch, founder of EBS As­so­ciates, will take on the role of CEO in the new ven­ture. Lisa McCarthy, co-founder of Out of the Box Tech­nol­ogy with An­drew Abrams, moves into the role of chief op­er­at­ing of­fi­cer and will lead all re­cur­ring and project ac­count­ing along with na­tional cus­tomer train­ing ac­tiv­i­ties.

As chief tech­nol­ogy of­fi­cer, An­drew Abrams will lead all as­pects of tech­ni­cal sales, de­vel­op­ment and ap­pli­ca­tions for cus­tomers.


BKD ex­pands to Utah

De­tails: BKD, a Top 100 Firm based in Spring­field, Mis­souri, is adding Stayner Bates PC, a firm in Salt Lake City, ex­tend­ing the firm’s foot­print to Utah.

Stayner Bates spe­cial­izes in as­sur­ance, tax, con­sult­ing and busi­ness val­u­a­tion ser­vices, sup­ple­ment­ing BKD’s ca­pa­bil­i­ties in the West­ern mar­ket.

Fi­nan­cial terms of the deal were not dis­closed. BKD’s an­nual rev­enue is ap­prox­i­mately $600 mil­lion, to which Stayner Bates is ex­pected to add $5.7 mil­lion. BKD has 38 of­fices in 17 states. Stayner Bates plans to re­main at its of­fices in Salt Lake City.

“With the ad­di­tion of Stayner Bates, BKD has ac­com­plished a long-stand­ing goal of join­ing the Utah mar­ket,” said Jeff Ron­sse, manag­ing part­ner of BKD's Colorado and Salt Lake City prac­tice unit. “The com­bi­na­tion en­hances BKD’s re­sources and pro­vides Stayner Bates with greater growth op­por­tu­ni­ties and

mar­ket pres­ence.”

BKD has ap­prox­i­mately 300 part­ners and 2,410 staff mem­bers, while Stayner Bates has four part­ners and 31 staff.


Brown Ed­wards buys prac­tices from Cherry Bekaert

De­tails: Brown Ed­wards ac­quired the Roanoke and Lynch­burg, Vir­ginia, prac­tices of Cherry Bekaert, LLP. As part of the deal, Cherry Bekaert part­ners Randy Burton and Richard Hed­ley in Roanoke will be join­ing Brown Ed­wards, along with most of the staff mem­bers at both of­fices. Many of Cherry Bekaert’s clients are ex­pected to move to Brown Ed­wards as well. Fi­nan­cial terms of the deal were not dis­closed.

“This ac­qui­si­tion not only so­lid­i­fies Brown Ed­wards’ po­si­tion as the largest firm in these mar­kets, with 15 part­ners and 92 pro­fes­sional staff be­tween the two of­fices, but also al­lows the Cherry Bekaert clients more lo­cal re­sources and ac­cess to im­me­di­ate and lo­cal de­ci­sion-making,” said Brown Ed­wards CEO Ja­son Hart­man in a state­ment.

Brown Ed­wards of­fers as­sur­ance, tax and busi­ness ad­vi­sory ser­vices to clients across Vir­ginia, West Vir­ginia, North Carolina and Ten­nessee. The Roanoke ac­qui­si­tion will give Brown Ed­wards a new of­fice in the Wells Fargo Tower while the Cherry Bekaert of­fice in Lynch­burg will tran­si­tion to the Brown Ed­wards of­fice.

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