A chance meeting with two firm partners on a golf course at an Enterprise Worldwide conference in 2008 has led to the merger of HSMC Companies of Lee's Summit, Missouri, with Orizon CPAs of Omaha, Nebraska, effective October 22, 2012.
The newly created entity, HSMC Orizon LLC, will expand services in both the Kansas City and Omaha metro markets with a professional and administrative staff of forty-three. Combined revenues for the new firm total $5.5 million. Gene Garrelts, CPA, CFP, is named managing partner and CEO, and Gary Hawkins, CPA, is chairman of the Board of Directors as well as partner in charge of Tax and Technology Services. Jodi Rinne will serve as partner in charge of Accounting and Assurance Services.
"The merger of HSMC and Orizon CPAs will create a dynamic firm that will greatly benefit its clients and the business and financial community. Both firms have unique specialties and resources that, when combined, will provide even greater client service and solutions. I think the other beneficiaries will be businesses and high-net-worth individuals in the greater Kansas City and Omaha markets who are looking for a one-stop solution for their business and financial needs", commented Allan Koltin, CEO, Koltin Consulting Group, a consultancy focused on assisting accounting firms with strategy and growth.
Shared values and vision: "We share the same values and vision for serving our clients. We've known each other since meeting on the golf course at an Enterprise Worldwide conference in 2008. Within a year, we began working together on a large client engagement and quickly realized that our firms had many synergies from how we serve clients to how our services complement each other", said Garrelts.
A need for growth for professional staff: Hawkins and Garrelts also realized that the firms needed to enhance career opportunities in order to build future growth and sustain the long-term success of their firms. "We have many talented CPAs and consultants who were not achieving their potential in a smaller firm environment. By combining our firms, we're creating new opportunities for professionals and staff, including expanding our information technology services practice to deepening our focus on serving clients in industry niches", explained Hawkins.
Deeper services to better serve clients: Clients will benefit from an increased depth of knowledge and services in both markets. HSMC brings an information technology practice that provides a full range of IT services to the Omaha market, and Orizon CPAs brings assurance services and expertise working with governmental and nonprofit organizations to the Kansas City market. "The more we learned about each other's firm, it became clear that each firm brought something to the table that could benefit the other firm's clients", said Garrelts. In addition, HSMC Orizon LLC will focus on expanding its industry niches including governmental entities; manufacturing, distribution and printing; professional services; construction and real estate; and owner-managed and entrepreneurial businesses.
Renewed Focus: Earlier this summer, Mariner Wealth Advisors acquired a majority interest in the related wealth-management companies, Orizon Investment Counsel LLC and HSMC Financial Services, Inc. "From a strategic perspective, our CPA partners can now focus on our core services, while at the same time, partner with an exceptional team at Mariner to provide the complimentary wealth management services", added Garrelts.
Leveraging Technology: Embracing technology to better serve clients will be a focus for the new firm, according to Gary Hawkins, who also serves as Director of Technology Services. "As CPAs, we have never shied away from technology but rather learned how to leverage it to serve our clients. For example, we're investing in an upgraded technology platform which will allow our professionals, no matter where they are, to work on client projects. To the client, this will be a seamless partnership with collecting and sharing data resulting in better service and being able to work more efficiently", adds Hawkins.
Enterprise Worldwide: "We knew almost immediately that there was some real synergy between these two firms and are thrilled they are now formally coming together", said Adelaide Ness, Executive Director of Enterprise Worldwide. "Enterprise Worldwide is about helping firms transform what they do through three things: Ideas, Relationships and Results. We provide our firms with ideas to help them grow their practice. We help them build relationships with other CPA firms and encourage them to learn from one another. These two things lead to exceptional results. HSMC Orizon LLC has simply taken this to the next level. Their complementary practices and similar firm cultures make them a great fit. We are thrilled about continuing to work with them as they embark on this new chapter."
Source: November 1, 2012, HSMC Orizon LLC Press Release