Armanino LLP, a Top 20 Firm based in San Ramon, California, has merged in Bemel, Ross & Avedon LLP, a Los Angeles-based business management CPA firm that focuses on entertainers and executives in the movie and music industries, effective June 1.
The deal comes only two months after Armanino merged in two other entertainment-oriented firms, Royalty Compliance Organization, a music rights and royalty auditing firm in St. Louis, and Blue Sky Group, a music business management team in Nashville.
BRA’s 25 employees, including partners Brad Ross and Dean Avedon, will join Armanino’s LA office. Armanino’s growing business management division will now include over 160 professionals working in entertainment hotspots of New York, Los Angeles and Nashville.
“Brad, Dean and the whole team have a tremendous amount of experience, are well-established leaders in the industry and we couldn’t be more excited to have them as a part of Armanino,” said Jason Zayon, a business management partner at Armanino, in a statement. “Our expansion is driven by our commitment to enhance our capabilities and develop best-in-class offerings for our clients. This is why we prioritize building a world-class experience for the full spectrum of our services whether it’s family office, royalty compliance, valuations, audit, tax consulting or business management.”
Financial terms of the deal were not disclosed. Armanino ranked No. 18 on Accounting Today‘s 2023 list of the Top 100 Firms, with $595 million in annual revenue, over 220 partners and approximately 2,400 employees.
“From international and multistate tax, to royalty auditing and tour accounting, Armanino offers a deep bench of experts and brings valuable support to help us go above and beyond for our clients,” Ross said in a statement. “We’re proud to join what we believe will be the number one business management and tax service firm in the country.”
BRA received multiple merger proposals and decided to join Armanino. “When we were reviewing potential partners to join with, it was important to find a firm that shares our values and instills an entrepreneurial approach in their work and can help us do more for our clients; Armanino is that firm,” Avedon stated. “As a part of Armanino, we have access to more tools, talent and expertise that will greatly benefit our people and our clients. The immediate cultural symbiosis we’ve had since we first met the team will lead to greater opportunities all around.”
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