Pittsburgh-based Dewey & Kaye announced a merger with McCroy & McDowell LLC, Pittsburgh's 10th-largest public accounting firm.
According to the Pittsburgh Business Times, Dewey and Kaye will retain its name and will be known as a division of McCrory & McDowell, confirmed principal Ken McCrory.
"There's no dollars changing hands per se," said Mr. McCrory, who is also leader of his firm's nonprofit practice. "It's a true merger, just joining the assets of the two together." Dewey & Kaye's six employees will move into McCrory & McDowell's offices at 312 Boulevard of the Allies by the end of July, he said.
McCrory & McDowell, launched in 1973, employs 60 people. It includes three affiliate companies: Financial Advisors, Inc., which provides financial planning and wealth management services for individuals; Diversified Medical Management, which provides consulting services for health care practices; and Computer Resources, which provides business software solutions and information technology consulting services. Its nonprofit clients include The Duquesne Club and the Downtown YMCA, Mr. McCrory said.
Dewey & Kaye, founded in 1992, provides consulting services that have resulted in the establishment of the Coro Center for Civic Leadership, the Health Benefits Initiative, the Student Conservation Association, and the Tides Center. It has also been the five-year project manager to create the nationally focused Community Quality Institute. The firm's services include organizational assessment, strategic planning, executive search and project management services.
Michael McDowell, managing principal of McCrory & McDowell, said Dewey & Kaye's expertise provides "the perfect complement" to his firm's extensive nonprofit practice.
"By blending our knowledge of successful practices and systems, we will create synergies that will more effectively meet the needs of nonprofit organizations, local communities and foundations," Kate Dewey, co-principal of Dewey & Kaye, said in a written statement.