Moss Adams to Acquire Scottsdale Firm

Seattle’s Moss Adams LLP will grow larger and expand into a new market when it acquires Epstein Weber & Conover PLC of Scottsdale, Ariz., on Jan. 1, the company announced.

The Seattle-based Moss Adams accounting and consulting firm is currently rated as 12th-largest in the U.S. The addition of Epstein Weber’s 35 professionals will build on earlier acquisitions of Southwestern regional firms, one in San Diego in 2005 and another in Albuquerque earlier this year, the Business Journals of Puget Sound and Phoenix reported.

Moss Adams has 1,400 accountants and consultants, including 200 partners. The firm works primarily with large, privately owned companies. Chairman and CEO Rick Anderson told The Seattle Times that billings will be about $270 million this year, up 15 percent from 2005, while Epstein Weber's billings are about $6 million.

The firm provides tax and consulting services to public, private and nonprofit enterprises, with specialization in financial institutions, health care, manufacturing and construction industries.

Moss Adams expects to take over operations of the firm Jan. 1. Terms of the deal were not disclosed, the Puget Sound Business Journal reported.

Anderson told the Times that Moss Adams plans to add about 60 employees and one new office each year in places like Las Vegas, Salt Lake City and Boise, Idaho.

In January of this year, Moss Adams extended its presence beyond the West Coast for the first time in its nearly 100-year history when it acquired the firm Neff+Ricci LLP in Albuquerque, N.M. In that deal, no money changed hands, nor did the name of the firm, but Neff+Ricci personnel became employees of Moss Adams, the Puget Sound Business Journal reported.

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

Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.