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.