Enterprise, Ala.-based IPA 100 firm Carr Riggs & Ingram (CRI; FY25 net revenue of $583.8 million) has added Tuscaloosa, Ala.-based Morrison & Smith, establishing CRI’s first presence in the Tuscaloosa market.
Founded in 1951, Morrison & Smith provides audit, review, compilation, tax, accounting and business advisory services. Its clients include real estate developers, banks, health care providers and construction companies. The firm’s team will continue serving clients from its existing Tuscaloosa office under the CRI name.
Allan Koltin, CEO of Koltin Consulting Group, advised both firms on the combination. He said CRI has completed more than 100 M&A transactions and pointed to the firm’s emphasis on cultural and strategic fit when evaluating combinations.
“Carr Riggs & Ingram continues to write the book on how to select great firms and successfully integrate them,” Koltin said. “CRI screens upfront for cultural and strategic fit, as well as any firm I have seen in the country. Morrison & Smith will be a great addition to CRI.”
“Morrison & Smith has spent over seventy years building trust with clients throughout West Alabama. Their reputation for integrity and personal service is exactly what we value in a firm,” said Bill Carr, CRI chairman and founding partner. “Tuscaloosa is an important new market for us, and Barry Burns, Alan Hartley, and Dan Sutter bring us a strong local team to grow with.”
The combination follows CRI’s strategic investment from Centerbridge Partners and Bessemer Venture Partners in late 2024.
