Cincinnati-based Clark Schaefer Hackett (FY18 net revenue of $64.8 million) has acquired Business Management Resources (BMR), a managed accounting services provider to a global restaurant chain.
The firm says businesses have a growing need for back-office support so it is investing more in managed service solutions.
“This acquisition is a continued expansion of our capabilities beyond compliance work,” says Kerry Roe, president of CSH. “The BMR team brings a proven, process-driven system for serving franchises and we aim to grow their network and pursue opportunities with other franchise systems.”
BMR founder James Back is a franchise owner himself. “Jim brings great perspective to us as a franchise owner. He knows the business inside and out and he’s an expert at franchise financials,” continues Roe. “Likewise, CSH can bring added benefits to the table like data analytics, technology and infrastructure.”
“Joining CSH increases my team’s core accounting and financial advisory capabilities and our ability to add value to our client’s business,” Back says. “We are better positioned to serve our clients well into the future.”
Back and three employees will join CSH’s East Lansing, Mich., office.