BH Financial™ Case Study
Providing Top-tier Audit and Tax Talent During a Merger
The Managing Partner of a regional CPA firm had explored potential mergers with larger CPA firms but could not find a suitable fit. He also wanted to retain their independence and not be a part of a national firm. He decided the best approach was to grow the firm’s practice by adding another partner with a book of business or acquiring a smaller CPA firm.
Challenge
The managing partner of this regional certified public accounting (CPA) firm had explored potential mergers with larger CPA firms but could not find a suitable fit. They wanted to retain their independence and not be part of a national firm. They decided the best approach was to either grow the firm’s practice by adding another partner with a book of business or by acquiring a smaller CPA firm.
With three partners retiring within the next five years, the firm faced the crucial task of finding potential hires who could develop the business, expand the practice, and be a good cultural fit. The ideal candidate needed to be proficient in audit and tax, specifically on real estate and high-net-worth tax.
Solution
Beacon Hill Financial recommended our direct hire and executive search solutions. We leveraged our extensive public accounting network and identified potential candidates with the specific experience required for our client. Several candidates were presented to the partnership group, which eventually decided to acquire a smaller practice and add two partners.
Achievement
The managing partner has been very happy with the merger and feels they are well-positioned for future growth.
