Atlanta-based IPA 100 firm Aprio (FY22 net revenue of $317.3 million) has announced its merger with San Antonio-based Ridout Barrett & Co. CPAs & Advisors (FY22 net revenue of $10.5 million), marking another milestone in Aprio’s sustained market and geographic growth.
With two Texas offices, in Austin and San Antonio, RBC has provided comprehensive accounting services with specializations in the construction and government contracting sectors.
“Expanding to Texas and integrating the RBC team of over 50 partners and professionals to Aprio aligns seamlessly with our strategic priorities and growing needs of our Texas clients. This merger doubles the size of our firm-wide construction practice and aligns two firms with successful histories, deep industry expertise and shared values, giving us the opportunity to expand services to clients and provide meaningful career opportunities for our team members,” said Richard Kopelman, Aprio CEO and MP.
The merger is the beginning of a major buildout for Aprio in Texas. Additionally, the firm will expand major segments to support leading businesses in manufacturing, technology and government contracting, while growing offerings to include business advisory, high-net-worth services and wealth management.
“We are thrilled about this strategic combination,” said Melanie C. Geist, RBC MP. “Aprio and RBC have shared a focus on investing in culture and talent to create a better team and client experience. We will leverage this new partnership to provide our clients with more tools to realize their goals.”
Rob Smithson of Corporate Investment in Austin represented RBC in the merger process.