IPA 100 firm CliftonLarsonAllen LLP (CLA) (FY23 net revenue of $2 billion) has announced that North Bethesda, M.D.-based IPA 300 firm Dembo Jones CPAs and Advisors (FY23 net revenue of $24 million) is joining the firm. The move, which expands CLA’s already robust presence in the D.C. market, is part of CLA’s plan to grow by $1 billion through acquisitions over the next five years.
Dembo Jones, which transitioned to the CLA brand as of May 1, has provided businesses, government agencies, organizations and individuals with thoughtful, accurate and diligent accounting, auditing, tax and consulting services for more than 70 years. With offices in Bethesda and Columbia, MD, Dembo Jones has more than 80 team members in roles ranging from accounting to professional services serving the U.S. Capital region.
“Joining CLA presents an incredible opportunity for both our team at Dembo Jones and the numerous clients who depend on our specialized services,” said Brent Croghan, managing director of Dembo Jones. “Our shared values and mutual dedication to serving individuals, businesses, government entities and nonprofit organizations make this partnership a natural fit. With access to CLA’s extensive national footprint, we are now better equipped to provide enhanced resources to our clients.”
“This is such a great time for us to embrace Dembo Jones into the CLA family,” said Scott Engelbrecht, chief development officer for CLA. “At CLA, we understand that independence is key to innovation and growth. Our unique partnership model allows firms to retain local identity while accessing our global resources and our exceptional professionals across the country. This approach ensures that the firms that join us can continue to thrive in their markets while benefiting from the strength of a larger firm. Our friends at Dembo Jones talk about how their clients get ALL of Dembo Jones when they are working together. That is exactly how CLA operates, bringing all of CLA to our clients.”
