Troy, Mich.-based IPA 100 firm Doeren Mayhew (FY24 net revenue of $170.37 million) has completed its acquisition of Lancaster & Reed LLC, a Florida-based firm, effective December 17. The acquired firm and its employees continue to operate out of their Key Biscayne office under the Doeren Mayhew brand.
The acquisition marks Doeren Mayhew’s entry into the Miami international private client and high-net-worth market and expands the firm’s international capabilities.
Chad Anschuetz
“Florida, and the broader Southeast, aren’t just part of our expansion plans, they are a top priority,” said Chad Anschuetz, CEO of Doeren Mayhew Advisors, LLC. “The region’s strong economic momentum and similar mix to our existing client base make it a compelling growth opportunity for our firm. We’re committed to deepening our presence and leadership in Florida, and the surrounding states, as we continue to invest and scale for the future.”
“By strategically broadening our domestic footprint while simultaneously strengthening our global expertise, Doeren Mayhew is uniquely positioned to address the complex and evolving needs of clients whose wealth, business interests and influence transcend national boundaries,” said Jeffrey McCann, principal at Doeren Mayhew Advisors LLC and practice leader of the firm’s international services group. “This dual focus enables us to continue delivering superior solutions that integrate local knowledge with a deeper international perspective.”
For more than 30 years, Lancaster & Reed has provided tax, accounting and consulting services to a globally connected group of high-net-worth individuals and entrepreneurs. Co-founders Sherry Reed and Richard Reed will remain with the firm and join the leadership team within Doeren Mayhew’s international services group.
“Our high-net-worth clients increasingly operate in complex financial landscapes, requiring resources and expertise that deliver true value,” said Richard Reed. “With a commitment and reputation in the global and high-wealth advisory spaces that mirrors our own, Doeren Mayhew was a natural fit. Together, we can provide a level of sophistication, strategic insight and personalized attention our clients could not find anywhere else.”
