M&A
M&A
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The Bonadio Group has merged with Dorfman-Robbie and its affiliated companies, the DR Group, to create an accounting firm with annual revenues of nearly $45 million.
July 15 -
Accounting firm J.H. Cohn has combined practices with Frederic Kantor & Co., a Manhattan-based accounting firm serving high-net-worth individuals and families working in entertainment and the creative arts.
July 15 -
The Schonbraun McCann Group LLP has changed its name to Cornerstone Accounting Group LLP and announced some management changes.
July 15 -
Vrakas/Blum Computer Consulting has acquired the clients and employees of Clifton Gunderson's Wisconsin Sage practice.
July 14 -
Katz, Sapper & Miller plans to merge in another Indianapolis accounting firm, Heaton and Eddie, to build its healthcare and employee benefits consulting capabilities.
July 10 -
Accounting firm Weaver and Tidwell reported that its net revenues for the 2008 fiscal year ending May 31 reached $51 million, a 28 percent increase over the previous fiscal year.
July 7 -
Illinois accounting firms Sikich LLP and Millikin Benning Kleckler & Kobischka have combined forces.
July 7 -
In a high-profile consolidation in the not-for-profit software arena, NFP vendor Blackbaud struck a deal to acquire struggling rival Kintera for roughly $46 million in cash, or $1.12 per share.The deal, which Blackbaud plans to finance with cash and its credit facility, was expected to close July 2.
July 6 -
Gorfine, Schiller & Gardwyn has hired two former partners and about 20 former employees of Grabush Newman & Co. after they left Smart & Associates, which acquired Grabush several years ago.
July 2 -
CPA and business advisory firm The Rehmann Group, headquartered here. has merged in Novi-based Pew & Kearis. Terms were not disclosed. The union added four partners to TRG, bringing its partner total to 44. Pew & Kearis has subsequently shuttered its Novi location and moved into TRG's Farmington Hills office. The firm currently operates 12 offices throughout Michigan. Steven Kelly, TRG's chairman and chief executive, said the merger boosts the firm's strength in such industry niches as manufacturing, government/nonprofit, healthcare, retail/distribution, real estate, and closely held companies. The Rehmann Group ranked No. 38 on Accounting Today's 2008 Top 100 Firms list with revenues of $64.3 million.
July 1 -
Vertex has acquired Levyti Consulting's Global Tax Office software and plans to market the product with its own global income tax and compliance systems.
June 24 -
LarsonAllen plans to merge in Schreiner, Legge & Co., at the beginning of July, marking LarsonAllen's second merger in two years in the D.C. area.
June 23 -
FiveStar3 has acquired the Alliance of Professional Associations, a national association management company for accounting firms.
June 19 -
Cohen & Co. has acquired Mercurio & Bridgford, expanding the Ohio-based firm's presence in Florida.
June 18 -
BKD said it is combining forces with the Hanke Group, allowing the Springfield, Mo.-based accounting firm to expand to Hanke's San Antonio and south Texas markets.
June 12 -
Canadian accounting firms Horwath Orenstein and Meyers Norris Penny have merged, allowing MNP to expand eastward to Toronto.
June 4 -
The Public Company Accounting Oversight Board plans to meet to discuss rules on reporting by registered public accounting firms and succeeding to a predecessor firm's registration status.
June 3 -
NetSuite has agreed to pay $26 million in cash for OpenAir, a provider of on-demand professional services automation software, and establish an East Coast headquarters in OpenAir's Boston offices.
June 2 -
A new accounting standard is giving executives second thoughts about plans for mergers and acquisitions.
June 2 -
Nonprofit accounting software vendor Blackbaud has struck a deal to acquire rival Kintera for $1.12 per share, or approximately $46 million.
June 1