Birmingham, Ala.-based IPA 200 firm BMSS Advisors & CPAs (FY22 net revenue of $47 million)
has added Haddox Reid Eubank Betts of Ridgeland, Miss., effective Dec. 1.
The combined firm will have 32 partners, 125 CPAs and approximately 322 employees, and the two firms will consolidate under the name BMSS. Together with Haddox Reid, the combined revenue for BMSS LLC will be $63.7 million. Ridgeland added seven partners, 35 staff and $9 million in revenue to BMSS.
“As co-members in the BDO Alliance USA, our leadership team has developed a strong relationship with Haddox Reid over the years,” said BMSS managing member Don Murphy. “Through our time together, we have come to see how we both reflect and complement our respective firm’s culture, values and focus on an exceptional client experience. Our combined firms will provide opportunities for our employees, widen our client base, and expand the industries we serve.”
The firm specializes in manufacturing, wholesale distribution, construction, technology, nonprofit and government contracting. In addition to tax planning and compliance and assurance services the firm offers business advisory services. BMSS also specializes in state and local tax, estate planning and employee benefit plan audits. The merger with Haddox Reid will bring specialization in the oil and gas industry while adding additional clients to the current industries BMSS serves.
“For many years, we have witnessed, admired and respected how BMSS has taken care of its people and its clients,” said Haddox Reid MP Mike Gladney. “Its culture and primary mission mirrors ours. With our complementary skill sets and future goals, it just makes sense to bring the two firms together.”