Troy, Mich.-based Doeren Mayhew (FY18 net revenue of $75.7 million) has completed its acquisition of Evans & Chastain of Houston. The acquired firm has begun operating as Doeren Mayhew.
The deal not only expands the firm’s presence in the Houston market but also extends its service offering in the real estate sector. Since its founding in 1992, Evans & Chastain has offered tax, audit and business advisory services for home builders and real estate professionals and developers across the Texas region.
“When this transaction was initiated, a key factor taken into account was whether this was the right solution, not only for our clients, but for our employees as well. I’m confident that working with a globally recognized firm like Doeren Mayhew, we will be able to introduce new service capabilities and resources to our clients beyond our current capacity,” says Robert Chastain, co-founder of Evans & Chastain.
All personnel will become Doeren Mayhew employees, while Chastain will continue his involvement with Doeren Mayhew on a consulting basis, assisting the firm’s real estate clients in deal structuring and analysis, market assessments and financial operations.