Richard T. (Rick) Baumeister, Jr., CPA, managing partner at Sanford, Baumeister & Frazier, PLLC, has announced that the Fort Worth, TX-based accounting firm will be merging Hugly PC, a North Dallas-based accounting firm, into SB&F.
Financial terms of the acquisition were not disclosed. Hugly PC, founded in 1997 by Donna J. Hugly, CPA, is a full-service accounting firm with a primary client base of small- to medium-size privately-held companies as well as individuals.
Per the agreement, Hugly joins SB&F as a partner.
Hugly PC's clients will become clients of SB&F, and the Hugly office in Addison, TX, will now function as SB&F's North Dallas location. There will be no changes in personnel or client focus.
"I am delighted that we are merging with SB&F," said Hugly. "This alliance enables us to expand and grow in resources while maintaining our company's founding philosophy of personal attention and excellent service. SB&F is the ideal partner."
Before establishing Hugly PC, Hugly was a shareholder with Dallass-based Weismann & Co., PC and worked at Dallas-based Tannebaum Bindler & Co., PC. Hugly earned her bachelor of business administration with honors in accounting at Texas A&M University.
SB&F partners are Richard T. (Rick) Baumeister, Jr., CPA; Allyson B. Baumeister, CPA; Donna J. Hugly, CPA; Brian Jenke, CPA; and Susan S. Roberts, CPA.
"We are honored to welcome Donna Hugly and her staff to our firm," said Baumeister. "We look forward to working with Hugly PC clients and continuing the outstanding service they've experienced at Hugly PC. This expansion of our firm to Dallas will bring increased opportunities throughout the Metroplex."
Founded in 1949, Sanford, Baumeister & Frazier is a full service accounting firm that performs audits, tax planning and compliance, business assurance services, pension administration and consulting, and merger and acquisition consulting for entities in real estate, oil and gas, financial institutions, dealerships, trusts and estates, technology, healthcare and retail. Headquarters are in the historic Sinclair Building in downtown Fort Worth.