Dec 13th 2013
By Jason Bramwell, Staff Writer
Two Ohio accounting firms – Dayton-based Battelle & Battelle and Cincinnati-based Rippe & Kingston – recently finalized their merger and will now be known as Battelle Rippe Kingston LLP.
The combined firm will have nearly 115 professionals in three Ohio locations - Dayton, Cincinnati, and Troy. Officials from the newly merged firm reported that no offices will close, and all staff will remain in place.
Charles Foley, who was audit partner and managing partner of Battelle & Battelle, will take over as managing partner of the new firm. Ken Schoster, managing partner of Rippe & Kingston, will now serve as partner in charge of the Cincinnati office.
"We are excited to combine the strengths of these two dynamic organizations," Foley said in a written statement. "Both of our firms are known for the value and quality we bring to clients. Together, we can bring a new energy and heightened strategic approach to those we serve by capitalizing on synergies and our combined depth of expertise," Foley said.
The two merged firms are both members of the McGladrey Alliance, an affiliation of eighty-one independent accounting and consulting firms in forty-two states and Puerto Rico that have access to the resources, tools, and expertise of Chicago-based assurance, tax, and consulting firm McGladrey LLP.
According to Foley, key strategic benefits of the merger include a broader network and skills offerings, a larger pool of resources, and enhanced financial flexibility and strength.
"While we are very proud of the more than 100-year history of our firm, we also recognized that the next step for our team and clients was to merge with a firm of comparable quality that would enable us to expand services to our clients," Foley said. "Rippe & Kingston shares our philosophy of helping our clients grow and succeed, and with us both being McGladrey Alliance firms, the merger of our two companies made perfect sense."
The merger is expected to broaden and deepen both firms' existing industry specializations, while enabling both organizations to offer more comprehensive business advice to their clients.
"Our shared niche markets will allow us to leverage our service offerings, combined experience, and industry knowledge," Schoster said in a written statement. "In addition, by combining the resources of two excellent accounting firms, we can better meet the needs of our clients as they grow and expand. We are large enough to deliver any accounting, tax, or advisory service a client may need while still remaining small enough to provide local firm attention."