The accounting firms of Clifton Gunderson LLP and Wooden & Benson, Chartered, recently announced that they have signed an agreement to merge effective January 1, 2004.
Partners and employees of Wooden & Benson will join Clifton Gunderson. Following this merger, Clifton Gunderson will employ more than 1,480 people in 13 states and Washington, DC.
In making the announcement, Terry Hancock, managing partner of Clifton Gunderson's Mid-Atlantic Client Service Center, said, "It's a good thing for them and a good thing for us." He noted that, "As individual firms, we offer our clients and associates a variety of services and resources. Those services and resources will now be even stronger as one."
Wooden & Benson was established in 1921 by Ernest E. Wooden. Karl Silex, managing principal at Wooden & Benson said, "We were convinced that we needed access to a larger workforce to continue to provide the highest quality service to our clients; to be able to retain our larger clients who had common year-ends; and to remain competitive in the profession by providing various consulting services in areas such as financial planning, mergers and acquisitions, and technology."
This agreement represents Clifton Gunderson's practice of expansion through mergers, a strategic plan focused on bringing together strong, traditional CPA and consulting firms with rich local histories that are founded on and dedicated to long-term relationships with their clients.
Over the past 43 years, Clifton Gunderson has achieved its growth through increased services for clients and through strategic mergers, resulting in increased opportunities for professional staff and expanded resources.