Transcontinental merger creates Top 50 accounting firm
Two leading independent accounting firms, with offices on both coasts, have announced a merger, effective January 1, 2010, which will create a national firm ranked by gross revenues in the "Top 50" accounting firms in the U.S.
Moore Stephens Wurth Frazer and Torbet, LLP, with three offices in California is merging with FROST, PLLC, with offices in Arkansas and North Carolina. The merged firm will be known as Frazer Frost, LLP and will continue to operate out of all current locations.
"It is a great milestone to be ranked by revenues among the top 50 accounting firms in the country," said Daniel M. Peregrin, managing partner of FROST, PLLC. "Nonetheless, we have only reached this point by taking great care of our clients every step of the way. Our formula for success has been our client relationships, backed by the performance of our professionals, and that will not change."
Dean Yamagata, managing partner of Moore Stephens Wurth Frazer and Torbet, LLP, stated, "Both of our firms have built practices which include specialization in the animal agriculture industry, spanning the past five decades. In addition, our West Coast offices have a great deal of experience working with Chinese and Pacific Rim companies that are publicly traded in the United States, along with having a strong niche in the construction industry. This merger combines our unique individual and combined expertise in the dairy production, animal agriculture, food processing and construction industries - along with our rapidly expanding international business - and positions us to be an even stronger leader in those areas."
After the merger, Frazer Frost will represent business in 47 states in the U.S. and 15 countries, internationally. The firm will be led by co-managing partners Yamagata (West coast operations) and Peregrin (Midwest and East Coast operations). Annual revenues will be approximately $60 Million and the firm will employ a total of 272 people.
Frazer Frost will continue its membership in Moore Stephens North America, Inc., (MSNA) an association of leading, independently owned and operated certified public accounting and chartered accounting firms with 41 member firms in North America. MSNA is a member of Moore Stephens International Limited (MSIL), a multi-national consulting and accounting association with headquarters in London, England. MSIL has 360 independently owned and operated member firms with more than 650 offices in 98 countries.