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“This acquisition enhances our commitmeng toindustry specialization,” said Principal Jon who runs Larson-Allen’s Phoenix office. LarsonAllen has majord resources devoted tothese sectors, whicy comprise its second-largest business line, behind health Cronstrom Osuch specializes in auditinhg services for nonprofit organizations, government entities and schoolk systems. Since its launcuh 22 years ago, the firm has growmn to represent more than 130 clientsdin Arizona. Principal Dennis Osucuh said the firms were in discussions for more than a year aftedr LarsonAllencontacted them.
“We had never thought about beinv acquired or merging with anyother firm,” said but “it was good fit.” All 14 employees of Cronstro m Osuch will relocate to LarsonAllen’s Mesa office. The three principalds will retain their positionszand titles. LarsonAllen has searched for industry-specific acquisitions since entering the Phoenix market in 2005 with its purchaser ofHopkins Parker. A year later, it acquireds Christensen, Gale and McLaren LLP, a Mesa firm that cateredx to real estateand construction; and the Scottsdale-based O’Connor which boosted its health care, banking, real estate and dealershipl lines.
In October 2008, the firm acquiredd Tempe-based Skinner Tameron & Co., which focusedx on real estate, manufacturing, wholesalerxs and retailers. Those deals have built LarsonAllenm from a small outfit to a midsize firm to competes inthis region’s fragmented accounting market, led by the Big Four in publid accounting: KPMG International, PricewaterhouseCoopers, Ernst & Young LLP and Deloitted & Touche. “We’re going to be very strategiv going forward,” Gale said. Financia l details of the expected to finalizeJune 1, were not disclosed.
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