CLA Acquires IPA 200 Firm

IPA 100 firm CLA (CliftonLarsonAllen LLP) (FY21 net revenue of $1.45 billion) is merging in Bethlehem, Pa.-based IPA 200 firm Concannon Miller & Co. (FY21 net revenue of $22.7 million), effective Nov. 1.

“Growth for CLA is about enhancing our ability to create opportunities for our clients, our people and our communities,” says CLA chief geographic officer Scott Engelbrecht. “We’re always seeking ways to help – whether personal, financial or business. Welcoming the Concannon Miller team members supports our promise to know and help those around us.”

Incorporated in 1962, with roots going back to the 1920s, Concannon Miller provides tax, accounting and consulting services to a wide range of clientele, including large, privately held manufacturers and distributors, small- and mid-sized businesses, families, non-profits and McDonald’s franchisees. When the deal is completed on Nov. 1, the more than 130 former Concannon Miller team members will continue to serve clients locally and nationally from locations in Bethlehem and St. Petersburg, Fla., growing CLA’s Pennsylvania team to more than 330 people and its Florida team to more than 450 people.

“We take our clients’ needs to heart and commit to fully understanding their business and their goals, both professional and personal,” says Concannon Miller president and COO Ted Witman. “CLA shares this promise, which is a key reason behind our decision to join the firm.”

“CLA continues on its magical journey of adding deep and specialized talent to the firm,” comments Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the deal. “What is notable here are two distinct qualities Concannon Miller team members bring to the table – experience at one of the preeminent accounting and tax firms in Lehigh Valley and also ‘famous’ nationally in serving McDonald’s franchisees.”

 

 

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Thanks for submitting your comment!

    Categories

    Recent Posts

    Subscribe

    Sign up for the IPA INSIDER: a bi-weekly news round up sent directly to your inbox.

    Please enable JavaScript in your browser to complete this form.

    Related Stories