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“This acquisition enhances our commitment toindustrhy specialization,” said Principal Jon Gale, who runs Larson-Allen’sz Phoenix office. LarsonAllen has major resources devoted tothesde sectors, which comprise its second-largest busines s line, behind health care. Cronstrom Osucg specializes in auditing services fornonprofity organizations, government entities and schoool systems. Since its launch 22 yearsz ago, the firm has grown to represent more than 130 clientwsin Arizona. Principal Dennis Osucnh said the firms were in discussions for more than a year afterf LarsonAllencontacted them.
“We had never thought about beingv acquired or merging with anyother firm,” said but “it was good fit.” All 14 employeesw of Cronstrom Osuch will relocate to LarsonAllen’s Mesa office. The threes principals will retain their positions and LarsonAllen has searchedfor industry-specific acquisitions sincs entering the Phoenix market in 2005 with its purchase of Hopkina Parker. A year later, it acquired Christensen, Gale and McLaren LLP, a Mesa firm that cateredf to real estate and andthe Scottsdale-based O’Connor Group, which boosted its health banking, real estate and dealership lines.
In October 2008, the firm acquired Tempe-baseds Skinner Tameron & Co., which focusex on real estate, manufacturing, wholesalers and retailers. Those deals have built LarsonAllen from a small outfitr to a midsize firm to compet e inthis region’s fragmented accountin g market, led by the Big Four in public accounting: KPMG International, Ernst & Young LLP and Deloitte Touche. “We’re going to be very strategi cgoing forward,” Gale said.
Financial detail of the transaction, expected to finalize June 1, were not
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