Two Bethesda CPA firms announce merger
by AccountingWEB on
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.
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
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.