Mergers | AccountingWEB


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Alabama accounting firms merge

Birmingham, AL-based CPA firm, Lovoy Summerville & Shelton, has acquired Granberry & Associates based in the Auburn-Opelika area. The combined firm will have 25 employees to serve more than 800 clients along U.S. 280 between the two cities, said Donald Howell, shareholder and partner of the firm. "Now with two offices together, we can bring more specialized people in to offer more services," he said.
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Grant Thornton International announces merger

David McDonnell, chief executive officer of Grant Thornton International has announced the merger between Grant Thornton's Irish member firm and RSM Robson Rhodes in Ireland, which follows on from the merger of Grant Thornton UK LLP and the UK division of RSM Robson Rhodes LLP. The merger creates a firm with the depth of resource, expert capability and market credibility to make it the leader in its chosen marketplaces. The new organization will now operate as Grant Thornton Ireland, as the merger was completed on 1 July 2007.
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Marcum & Kliegman to acquire CBIZ

Marcum & Kliegman LLP, Certified Public Accountants and Consultants, has signed a letter of intent to acquire the CBIZ/Mayer Hoffman McCann accounting and tax practice in New York City. "This will be a good tuck-in acquisition," stated Marcum & Kliegman Managing Partner Jeffrey Weiner. "They deal with a lot of high-net-worth individuals and have a solid trust and estate practice.
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Crowe Chizek and Enterprise Financial announce merger

Public accounting and consulting firm Crowe Chizek and Co. LLC has announced its intention to combine practices with Enterprise Financial Consulting Group LLC, a Mount Laurel, N.J.-based provider of risk management consulting, internal audit, Sarbanes-Oxley compliance, and technical accounting.The two firms will operate under the Crowe name. No financial terms were disclosed for the dealCrowe Group LLP, parent company of Crowe Chizek, is one of the 10 largest public accounting and consulting firms in the U.S.
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Wells Fargo acquires Virchow Krause's benefits segment

Wells Fargo Insurance Services of Minnesota, Inc. said Thursday that they have acquired Virchow, Krause & Co.'s Minneapolis/St. Paul employee benefits operations.
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Thomson Tax & Accounting acquires EBIA

Thomson Tax & Accounting, a business segment of The Thomson Corporation, and a leading provider of information solutions to tax and accounting professionals, has announced that it has acquired Employee Benefits Institute of America Inc. (EBIA), a leading provider of employee benefits research and guidance to benefits professionals in corporations and professional advisory firms. The Edmonds, Washington-based company will join the Research & Guidance business of Thomson Tax & Accounting, expanding the company's position as a leading provider of end-to-end research and guidance services.
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McGladrey acquisition strengthens presence in Florida

RSM McGladrey Inc. and McGladrey & Pullen LLP continue their growth strategy throughout the Florida market by announcing the completion of the acquisition of Orlando-based Tedder, James, Worden & Associates, P.A., the fifth largest accounting firm in Central Florida. The acquisition creates a broader pool of industry talent, expanded service offerings and a truly national presence for the combined businesses.
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Northeastern firms merge

J.H. Cohn LLP, the largest independent accounting and consulting firm in the Northeast, combined practices with Haggett Longobardi in Glastonbury, CT, one of the largest regional accounting firms in New England, effective June 1. The Connecticut office will operate as Haggett Longobardi, A Division of J.H.
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Crowe Chizek & Enterprise Financial to Combine

Crowe Chizek and Company LLC has announced that it intends to combine practices with New Jersey-based Enterprise Financial Consulting Group LLC (EFC), with a planned closing date of July 1, 2007. Crowe Group LLP, parent company of Crowe Chizek, is one of the 10 largest public accounting and consulting firms in the U.S. EFC was founded in 1996 and today has more than 20 seasoned professionals working in offices in Mt. Laurel, N.J. and Atlanta, Ga.
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DCS Chartered Accountants Joins Alliott Group North America

Alliott Group North America, a division of Alliott Group, A Worldwide Network of Independent Firms, announced the admission of DCS Chartered Accountants to its membership.The admission of DCS brings the membership to twenty-six in the North American Region.
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BKR Fordham Goodfellow Merges with Maas Capital Advisors

BKR Fordham Goodfellow, LLP (BKRFG) is pleased to announce the acquisition of a partnership interest in Maas Capital Advisors, LLC. Maas Capital is an independent, fee-only financial advisory practice with offices in Hillsboro, Ore. and Aptos, Calif. Maas Capital provides clients with integrated financial planning and investment management advice. “We are excited about the benefits of the merger for our clients,” said Les Fordham, Jr., CPA.
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Clifton Gunderson Merges with CD&L

Clifton Gunderson LLP, the nation’s 13th largest public accounting and consulting firm, has announced the acquisition of Chavarria Dunne & Lamey LLC of Albuquerque, NM, effective April 1, 2007.Partners and employees of CD&L will join Clifton Gunderson and remain at their current Albuquerque offices. The merger brings three partners and more than 100 employees into Clifton Gunderson’s nationwide practice. Joining Clifton Gunderson as partners are the three CD&L principals, Gregory J. Chavarria, Caren L. Dunne and Bryan A. Lamey. Chavarria will serve as Managing Partner.
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Janover Rubinroit Merges with Roberts, Rick & Moses

Janover Rubinroit LLC, the accounting arm of the JR Group Companies, provider of accounting and financial advisory services to individuals and businesses, announced the newest phase of its ongoing expansion: The firm has merged with tax and estate specialists Roberts, Rick & Moses, in addition to relocating and enlarging its New York City office.This is the second merger in less than four months for Janover, which merged with the former Gilbert & Levy LLP in late 2006.Roberts Rick & Moses has moved its ten-person professional and support staff from Merrick to Janover Rubinroit’s office
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Legacy Assurance Financial Joins BKR Group

BKR Cornwell Jackson Group is pleased to announce the addition of Legacy Assurance Financial Group, L.P. to the BKR Group of companies.Legacy Assurance Financial Group, L.P. focuses on wealth management and business succession solutions designed specifically for entrepreneurs and closely held businesses owners. The managing director of this new division is Robert D. White, a chartered Financial Consultant and 19-year veteran in the financial services profession.

Accounting Software Provider Acquires Digital Insight Corp.

Intuit Inc., a leading provider of business and financial management solutions for small and mid-sized businesses, financial institutions, consumers and accounting professionals, has completed its acquisition of Digital Insight Corp. Intuit believes the acquisition of Digital Insight, a leading technology provider in online banking, will help redefine the relationship between financial institutions and their small business and consumer customers.
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New York Firms Merge

The Bonadio Group, a Rochester accounting and business consulting firm, announced today that it has merged with Loguidice and Kamide, an accounting and tax service firm in Syracuse. Financial terms were not disclosed.The merger is part of Bonadio's growth strategy to become a regional CPA and advisory firm."This merger represents another step toward our vision of becoming upstate New York's first mega-regional accounting firm," said Thomas F. Bonadio, managing partner, in a prepared printed statement.
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California Accounting Firms Merge

The Sarbanes-Oxley Act (SOX) has surely increased the workload of the accounting industry overall. The regulation leading from the Act is fueling a merger of accounting firms, the San Francisco Business Times reports.Two of the accounting firms merging are the San Francisco firm Shea Labagh Dobberstein and San Mateo firm Elwood Espina Ferrell. The San Francisco Business Times reports that the new firm will take on the San Francisco firm’s name.
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Longtime Long Island CPA Firms Merge

A New York accounting and financial services firm acquired a Long Island competitor in November.Janover Rubinroit, LLC, of Garden City has incorporated Gilbert & Levy from nearby Baldwin into its practice. Gilbert & Levy's entire staff moved to Janover Rubinroit's main office in Garden City and will operate under that company name. Terms of the deal were not disclosed.The purchase of Gilbert & Levy follows Janover's 2004 acquisition of a two-partner firm in New York City.
Community News

BKD Acquires Firms in Kansas City, Houston

A top 10 certified public accounting (CPA) firm has boosted its risk management services in the Texas market by combining its Houston office with an internal audit firm there.BKD, LLP, based in Springfield, Mo., announced the merger of its Houston office with Beacon Alliance, LP. Beacon Alliance, an audit and risk consulting company, will relocate its 13 professionals to BKD’s Houston location.
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Accounting Firms Grow By Needs, Regions & Mergers

The Big Four maintain a business focus that includes their more profitable clients and roles, allowing local and regional accounting firms to take on new clients and reap the revenue rewards. The St.


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