Clifton Gunderson and LarsonAllen, two of the top certified public accounting and consulting firms, announced plans to merge and form CliftonLarsonAllen (CLA)—one of the largest accounting firms in the U.S.
CLA will have more than $550 million in combined revenue, employ more than 3,600 professionals, including 500-plus partners, and will operate from 25 states and Washington, D.C. Pending final approvals, the merger will take effect Jan. 2, 2012.
The firm will have an enhanced presence in the accounting profession with capabilities in the health care, financial institutions, governmentals, not-for-profits, manufacturing/distribution, construction, real estate, agribusiness, dealerships, employee benefit plans and other industries, in addition to its strong technical foundation in audit, accounting and advisory services, says Kris McMasters, CEO of Clifton Gunderson.
Meanwhile, CLA will have a national wealth management practice positioned as one of the top three in the accounting profession, with some $3 billion in assets under management, says Gordy Viere, CEO of LarsonAllen. The combined firm will also have a $50 million industry-specialized outsourcing practice to help clients meet their financial, tax regulatory compliance and reporting responsibilities. In addition, CLA will have the capacity to help clients with international dealings successfully do business in a global environment.
Viere will oversee a newly formed CLA holding company, the wealth advisory practice and the outsourcing practice, while McMasters will oversee CLA LLP, the public accounting practice.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.