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Two California Tax Firms Set To Merge
Harriet Davies
3 October 2011
San
Francisco, CA-based
Burr Pilger Mayer is set to merge with Long
Beach, CA-based
Windes & McClaughry Accounting Corporation, in a
deal the firms say will create the largest accounting and consulting
firm based in the state.
Burr
Pilger is the larger firm, bringing 410 employees, 55 shareholders
and six offices to the deal, while Windes has 140 people, 18 partners
and four offices across Southern California. Both firms provide
audit, tax, accounting and consulting services to privately-held and
public companies, exempt organizations and high net worth
individuals. The combined business will maintain all the offices and
employees of both firms, and all shareholders will become
shareholders of the enlarged business, which is predicted to have
$100 million in revenue, according to the statement on the merger.
After
the merger, which is targeted for completion on 1 January 2012, the
firm will retain two slightly different brands; it will be known as
BPM in Northern California and BPM Windes in Southern California.
Steve Mayer, BPM
managing partner, will be overall chief executive, but John
Di Carlo, Windes managing
partner, will remain responsible for the operations of BPM Windes.
“This
will provide more resources for our existing clients, more
opportunities for our employees, and a better competitive advantage
for us in the marketplace,” said Di
Carlo.
“This
merger gives us significant opportunities to provide enhanced
services and expertise to a full spectrum of businesses,
organizations, and individuals throughout the United States and the
rest of the world,” added Mayer.