Texas CPA firms announce merger

Sprouse & Anderson LLP in Austin, TX has combined with San Antonio-based Padgett Stratemann & Co. LLP with plans to target midsized business customers in Central and South Texas. The firm will operate under the name PS&Co.

Based on the number of CPAs, Sprouse & Anderson is the eighth-largest firm in Austin and Padgett is the second-largest accounting firm in San Antonio, according to a report in the Austin Business Journal.

"Austin is a tremendously growing, dynamic market," says Lester Sprouse, a managing partner of the Austin firm. "We were looking to find a partner that would give us the resources to serve that market quickly, rather than trying to grow to serve it."

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