Mergers Result in Big Changes to IPA 100

The merger craze, which has once again changed the landscape of the largest firms in the nation, shows no signs of slowing. INSIDE Public Accounting’s report on the Top 100 firms in the nation shows the following changes since August of last year:

  • Clifton Gunderson (No. 18) and LarsonAllen (No. 14) merged in 2011. Both firms are reporting separately in this year’sIPA 100.
  • J.H. Cohn (No. 19) and Reznick Group (No. 20) will merge later this year. Both firms are reporting separately for this year’s IPA 100. A third firm, Baker Tilly Virchow Krause (No. 16), was initially involved in the merger talks, but did not move forward with the three-way mega merger. The three firms combined would have had revenues of more than $726 million, landing the mega-merged firm at No. 7, ahead of BDO.
  • McGladrey LLP (No. 5) announced in December that it completed the purchase of shares of RSM McGladrey Inc., and would return to a traditional partner-owned CPA firm structure.
  • Plante Moran (No. 11) and Blackman Kallick (No. 59) announced their merger effective July 1. Both firms are reporting separately for this year’s IPA 100.
  • Warren Averett (No. 70 in ’11), Wilson, Price, Barranco, Blankenship & Billingsley (No. 141 in ’11) and O’Sullivan Creel (No. 143 in ’11) merged to form Warren Averett LLC (No. 36) this year.
  • Whitley Penn (No. 80) acquired Null-Lairson in 2012, adding $10.5 million in revenue.