Fentress & Barnes of Columbus, Ohio, an accounting firm focused on the affordable housing industry, has joined Cincinnati-based Clark Schaefer Hackett (FY12 net revenue of $45.6 million), Housingfinance.com reported. The Fentress & Barnes team is integrating into CSH with a combined staff of 350.
Todd Fentress will become a shareholder in the firm and will chair the national affordable housing group at CSH. “F&B has been a committed player for many years, and with the resources of CSH behind us, we’ll build upon our foundation to become a national leader in the affordable housing industry,” he said in a statement.
Ed Walsh, CHS Columbus PIC, told Columbus Business First that merging with an established accounting firm with years of experience in the affordable housing area will benefit Clark Schaefer. “While we didn’t have that specialty out of the Columbus office, within our firm it is one of our primary industries,” he said. “We were looking for good talent that can serve us today and grow with us.”