Eide Bailly, a Top 20 Firm based in Fargo, North Dakota, is expanding its reach in California and Washington State by adding Bessolo Haworth, a firm with offices in the Los Angeles, San Francisco and Seattle areas, effective Oct. 23, 2023.
The deal will add five partners and 20 staff members to Eide Bailly. Eide Bailly has over 3,300 staff members, including more than 350 partners, and earned $616 million in annual revenue. The firm ranked No. 19 on Accounting Today‘s 2023 list of the Top 100 Firms. Financial terms of the deal were not disclosed.
“We are excited to combine forces with Bessolo Haworth to further expand and enhance services to our clients,” said Eide Bailly CEO and managing partner Jeremy Hauk in a statement. “With this shared vision, we are eager to contribute to the collective success and to forge a path of continued excellence together.”
Bessolo Haworth was founded by John Bessolo, Larry Haworth and Peggy Clark in 2007. The firm’s Los Angeles office, located in Sherman Oaks, serves clients in Southern California, while clients in the greater San Francisco region are served by the firm’s office in San Rafael. The Washington office, located in Gig Harbor, serves clients in the greater Seattle area.
The firm see advantages in a combination with Eide Bailly. “From the initial introduction, it was clear that cultural alignment existed between our firms,” said Bessolo Haworth co-founder and managing partner Larry Haworth in a statement Tuesday. “It was the knowledge of Eide Bailly’s culture, along with their committed and professional staff, that made uniting an attractive option for Bessolo Haworth.”
“Eide Bailly and Bessolo Haworth team members share a similar culture and approach to client service,” added co-founder John Bessolo in a press release. “The opportunity to partner represents a significant milestone for us, one that reaffirms our commitment to continue providing value to our clients.”
Eide Bailly is often active on the merger front. In recent months, Eide Bailly added Spectrum Health Partners, a financial advisory services firm based in Franklin, Tennessee, that focuses on the health care industry and King & Oliason in Seattle. Last year, it merged in Seim Johnson in Omaha, Nebraska, and in 2021, it expanded in Minnesota by adding PWB CPAs & Advisors, a firm based in the Minneapolis-St. Paul area. In 2020, it added Mukai, Greenlee & Co. in Phoenix, HMWC CPAs in Tustin, California, and Platinum Consulting in Fullerton. The latest deal will expand its presence further on the West Coast.
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