High Point, N.C.-based Dixon Hughes (FY10 net revenue of $194 million) and Virginia Beach, Va.,-based Goodman & Company (FY10 net revenue of $87.7 million) announced the merger of their firms effective March 1. The combined firm will be known as Dixon Hughes Goodman LLP and will be headquartered in Charlotte, N.C.
Charles Sams Jr., Chairman of DH, will continue to serve as chairman and Ken Hughes, CEO of DH, will continue to serve as CEO. Thomas Wilson, MP of Goodman, will become deputy chairman and COO of the firm.
The merger will create a dramatically larger geographic footprint with offices located in Ala., Fla., Ga., Md., N.C., Ohio, S.C., Tenn., Texas, Va., Washington, D.C. and WVa. With more than 1,700 people DHG will be the largest firm based in the Southern U.S. and the 13th largest in the nation.
“This combination will create a larger platform in which we can expand our geographical reach throughout the mid-Atlantic, share core technical resources and anticipate the needs of our clients. We are enthusiastic as we move forward over the coming months,” Sams says.
“This is a tailor-made fit that will benefit the firm, our staff and most importantly, our clients,” says Wilson. “Both organizations will gain increased industry expertise and depth and see new geographic opportunities for growth. Clients will have broadened access to capital networks and industry best practices, while our employees will see more robust training options, increased opportunities for industry specialization, greater mobility between offices and more challenging client work.”