Katz Ferraro McMurtry (KFMR) has joined Minneapolis-based CliftonLarsonAllen (FY14 net revenue of $598 million), effective Nov. 1.
“It was all about opportunity and growth,” says KFMR MP John McMurtry in the Pittsburgh Business Times. “We’ve been approached many times and always dismissed it. We didn’t want to change our culture. But when we found these guys, it was uncanny how similar we are. We’re staying who we are in every meaningful way, but to tap into the resources of a large firm is something we couldn’t say no to.”
The name KFMR, launched in 1999, has been replaced by CLA, McMurtry says. “CLA’s team-based, highly collaborative culture is the deal-maker. As CLA, we see a fantastic opportunity to provide a wider range of solutions to help clients reach their goals — one that allows us to retain the culture on which we were founded.”
“KFMR and CLA share a simple, essential belief,” says CLA Chief Practice Officer Jeff Kvilhaug. “Our job is to stand beside our clients along the journey, and help at every step.”
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger says that KFMR was courted by three Top 25 firms nationally – “all who wanted to enter the Pittsburgh market and felt KFMR would be the perfect platform to grow from because of their outstanding reputation as well as the young talent that existed at the firm.”
He says that the firm created a strategic plan to double in size, and leaders felt being part of a larger firm would be a quicker way to achieve the goal.
Although CLA is one of the 10 largest in the country, Koltin says it remains true to its roots and has a “whatever it takes” approach to solving client problems.
KFMR’s team of 30+ establishes a CLA Pittsburgh presence, and will remain in its current location to continue to serve clients locally and nationally.