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Doeren Mayhew acquires Thurman Campbell Group

March 25, 2025
in Accounting
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Doeren Mayhew acquires Thurman Campbell Group
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Doeren Mayhew, a Top 50 Firm based in Troy, Michigan, has expanded into Tennessee by acquiring Thurman Campbell Group, PLC, effective March 1.

The deal builds Doeren Mayhew’s national presence and connects its northern and southern markets. Thurman Campbell Group has 11 principals (partner-equivalent) and 35 team members. Doeren Mayhew has 106 principals and 585 other team members. The deal thus adds 46 people to Doeren Mayhew, bringing it to over 725 employees, across 17 offices domestically and abroad. Financial terms of the deal were not disclosed. 

Doeren Mayhew ranked No. 47 on Accounting Today‘s 2025 list of the Top 100 Firms, with $170.37 million in annual revenue. Thurman Campbell Group earned $8 million in annual revenue.

Doeren Mayhew received a private equity investment last August from Audax Private Equity in Boston. 

“Expanding to Tennessee has been a long-term goal for our firm. Nashville, and the surrounding area, is a fast-growing market characterized by business sectors complementary to our existing hubs,” said Doeren Mayhew CEO Chad Anschuetz in a statement Tuesday. “TCG is the ideal partner to enter the market with. They have an exceptional reputation and team in the region focused on delivering client-centric solutions. We are excited to welcome the TCG team to the firm and look forward to building more opportunities to attract top talent and better serve our clients in this market and beyond.” 

TCG dates back to 1949 and provides tax, outsourced accounting, litigation, valuation and business advisory solutions to clients in many industries, particularly in construction, manufacturing and healthcare. Doeren Mayhew was founded in 1932. The TCG acquisition will expand Doeren Mayhew’s geographic footprint, with five offices ranging from the Nashville metropolitan area to Hopkinsville, Kentucky. TCG will grow Doeren Mayhew’s construction practice by an estimated 10%. Thurman Campbell Group is based in Clarksville, Tennessee, and also has offices in Nashville and Dover, Tennessee, as well as Hopkinsville and Princeton, Kentucky.

“Doeren Mayhew is a well-respected firm in the business with values and a culture reflective of our own, which makes this an exciting opportunity for our clients and team,” said TCG managing partner Bob Yates in a statement. “With the resources of a national firm, we are excited to offer our clients an expansive suite of services to meet their evolving needs while preserving the personal relationships integral to our success. We also believe joining forces with Doeren Mayhew will bring value-added training and career advancement opportunities to our employees.” 

Yates is joining Doeren Mayhew as the managing  principal responsible for the growth and oversight of the region. 

Doeren Mayhew has completed 14 acquisitions in the last five years as part of an initiative focused on targeted geographical expansion of like-minded firms. Last June, Doeren Mayhew acquired Nearman, Maynard, Vallez, CPAs, a Miami-based firm that exclusively serves credit unions. In 2023, Doeren Mayhew acquired Michael Sorrentino’s practice from Button Eddy & Sorrentino PLLC, based in Farmington Hills, Michigan, and Garcia & Ortiz, P.A.’s SBA consulting practice. In 2022, Doeren Mayhew added Kaplan Merzlak PC, a firm in West Bloomfield, Michigan, and Beene Garter LLP in Grand Rapids. In 2021, it acquired Darlene Plumly CPAs to build its presence in Houston, Texas. In 2019, Doeren Mayhew expanded in Houston by acquiring Thrasher & Associates and Evans & Chastain.

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