Anders Acquires Virtual CFO Firm

IPA 100 firm Anders CPAs + Advisors of St. Louis (FY20 net revenue of $43.5 million) is merging in Summit CPA Group of Fort Wayne, Ind.

Founded in 2002, Summit offers virtual CFO services including cash flow management, business tax planning and financial forecasting. The firm also provides 401(k) audits and recently launched a CPA firm augmentation program, which provides other CPA firms with a business plan on how to perform virtual CFO services. As part of the deal, which is scheduled to close in the second quarter of 2022, Summit co-founders Jody Grunden and Adam Hale will join Anders, along with all 60 staff members of the firm.

“Adding this unique solution to the portfolio of Anders services, including our current outsourced CFO offerings, is important to our vision for growth, and we found a great match with Summit,” says Anders MP Robert Minkle Jr. “Summit’s proven track record of delivering high-value CFO services that result in long-term growth will be a strong addition to our firm.”

“Summit has a strong commitment to utilizing technology to its fullest when serving our clients and Anders shares that vision,” adds Grunden. “Anders and Summit together will be able to combine resources and provide a valuable solution.”

 

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