A new global alliance (as yet to be named) of accounting firms with annual fees of $15 million or more announces that Joseph Decosimo and Company, PLLC (Decosimo), a $28 million firm headquartered in Chattanooga, Tennessee, has joined seven other Top 100 firms in the new association. The organization provides an alternative way for larger, more sophisticated firms to leverage their resources, share best practices and offer clients access to international services. Members, typically major regional firms, focus on serving larger private and smaller public companies.
The new association is well on its way to meeting its goal of doubling in size within the year. Besides Decosimo, current members are Wipfli LLP ($90 million—Wisconsin/Minnesota), Goodman & Company ($55 million —Virginia), Mahoney Cohen & Company, CPA, P.C. ($40 million — New York City), Carr, Riggs & Ingram, LLC ($39 million — Alabama), Holthouse Carlin & Van Trigt LLP ($25 million — California), Armanino Mckenna, LLP ($24 million — California), and Rea & Associates, Inc. ($20 million — Ohio). Two other Top 100 firms, with combined annual revenues of more than $50 million, may sign on in the next 30-60 days.
Founded in 1971, Decosimo is a major regional firm in the Southeast and South Central area, with offices in Chattanooga and Memphis, Tennessee, Atlanta and Dalton, Georgia, and Cincinnati, Ohio. The firm has approximately 200 professionals and staff, including 27 partners. Industry specialties include alternative finance, financial institutions, healthcare, hospitality, manufacturing and real estate. Decosimo Corporate Finance provides valuation services with six ABV-credentialed professionals, debt and equity financing, and assistance in acquisitions and divestitures.
"This alliance is perfect for a regional firm like ours,” says Nick Decosimo, CPA, the firm’s managing principal. “It gives us an outstanding opportunity to share ideas and work with some of the best firms in the country to provide our clients even better and more sophisticated service, both here and internationally. I’m looking forward to being part of what I think will soon be the leading CPA association in the country.”