Accounting Firm Merger Expands Reach of Dixon Hughes

The Charleston, W.Va.-based accounting firm, Simpson & Osborne, has announced it with join with Dixon Hughes of North Carolina, in a move that could create 100 jobs in West Virginia in the next three years.

Dixon Hughes, the largest accounting company in the Southeast, plans to target business niches in West Virginia that it specializes in elsewhere, Dixon Hughes co-CEO Eddie Sams said in a news conference in Charleston Monday.

“We have a lot of dealerships — autos, equipment,” Sams said. “We’re also really big in community banks. And we also want to build our health-care business. That’s the largest single segment of our business,” the Charleston Gazette reported. “Bob [Simpson, S&O Chairman] and Roger [Osborne, the other founder] have built a great practice here. We’re just tickled pink to pick it up and move it forward.”

S&O has 70 employees while Dixon Hughes employs more than 1,000 people in seven Southeastern states. No money changed hands in the merger deal, officials said. The merger will be effective Feb. 1, making the West Virginia branch of Dixon Hughes the largest in the state.

Rick Slater, now the Managing Partner of Dixon Hughes’ West Virginia practice area, said the merger would give both companies a new depth of resources and expertise to better serve clients in the region. He also said that Dixon Hughes’ aggressive growth strategy could only be fueled by bringing on additional talent.

“We were looking for a firm high in integrity that cherished their people,” said Slater, “and that’s what we found in Dixon Hughes.”

West Virginia Gov. Joe Manchin said his administration helped pave the way, but the state did not offer specific incentives. “We have to create the infrastructure. They’re going to follow the market. If we don’t create the environment, they won’t come,” the Gazette reported.

The deal is Dixon Hughes' second regional expansion in three months. In November, the firm acquired Gamble Givens & Moody and Pratt-Thomas & Gumb, the two largest CPA firms in Charleston, S.C.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.