Two Bethesda CPA firms announce merger | AccountingWEB

Two Bethesda CPA firms announce merger

Calling the merger of his firm with C.J. Becker & Associates PC “a great fit,” president Bill Caldwell says the union will make Caldwell & Co. PC a bigger player in the middle market.

Caldwell said Charles “Chick” Becker was looking to merge, and both Bethesda, Maryland-based firms had similar cultures and a similar client base. “He’s got really talented people, and he’s been around forever in Bethesda and has a great reputation for quality work,” he said. The 12-member Caldwell firm will grow to 22 in the merger, which is effective immediately. “We’re really excited about it,” Caldwell said.
The firm will keep the Caldwell name and be led by Caldwell. No staff will be let go, he said.
Called a “generalist” firm on its Web site, Caldwell & Co. focuses on providing a range of services to small business clients, partnerships, family businesses, and individuals.
“While I am proud of my more than 25 year history on my own, I recognize that the next step for my team and clients is to merge with a firm of comparable quality that would enable us to expand services to our local, regional, and national clients,” Becker said, according to the Washington Business Journal. “Bill Caldwell shares my philosophy of helping our clients grow and succeed, and the merger will broaden and deepen our existing industry specialization, enabling us to offer more comprehensive business advice tailored to our clients.”
Caldwell said the merger was five or so months in the making. “It was a long dating process,” he said. Accounting Transition Advisors, a merger and acquisition consulting firm specializing in the accounting industry, assisted in the transaction. Terms were not disclosed.
Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.