Two McGladrey Alliance member firms, Newport News, Va.-based PBMares LLP (FY13 net revenue of $29 million) and TMDG LLC of Baltimore, announced their merger effective Jan. 1.
“We saw a rare opportunity to affiliate with a premier McGladrey Alliance member firm that has a like-minded culture, shared business values and philosophies and complementary practice areas. This merger will enable us to expand our local and national health care consulting, employee benefit plan and not-for-profit practice by enhancing both the depth and breadth of the services we are able to deliver to our clients,” says Matt Dubnansky, managing director of TMDG.
TMDG will be a subsidiary of PBMares, led by Matthew Dubnansky as managing director of TMDG. PBMares will be the parent company operated under the direction of Alan Witt as CEO of PBMares.
“This combination significantly enriches our existing niche in employee benefits. We’re achieving our mission to be leaders in key specialty practices, growing strategically by anticipating clients’ needs in our marketplace,” says Witt. “It’s one way we differentiate ourselves and ensure our quality reputation. In addition to enhancing this specialty practice area, adding a Baltimore location will be a key piece in the expansion of our overall presence in the greater Baltimore/Washington market.”