A group of five accounting and advisory firms is joining forces under the Richey May brand to create a national footprint and rank among the top 50 in the U.S.
The merger brings together Richey May, based in Englewood, Colorado; WSRP in Salt Lake City, Utah; Moss Krusick & Associates in Winter Park, Florida; Sobul Primes & Schenkel in Los Angeles; and the Doty Group in Tacoma, Washington.
Financial terms of the deal and revenue numbers were not disclosed. The combined firm has over 600 employees and 50 partners. The firms have been collaborating for more than a year on the rollup, but unveiled the merger Tuesday.
Richey May will operate in an alternative practice structure, which is common under private equity-funded mergers. In this case, they received funding from F3 Partners, based in New York. Richey, May & Co., LLP, as a licensed CPA firm, will provide attest services, while RM Advisory LLC, which isn’t a CPA firm, will perform nonattest services.
Jason Yetter, who had been CEO of Richie May, will now be CEO of RM Advisory. He will be joined by Dan Rinehart, who will serve as president of advisory services and leader of the Northwest region. He also serves as managing partner of Richey May Utah, which was formerly WSRP.
Ed Moss, national director of acquisitions, will lead the Southeast Region. He was formerly managing partner of MKA. Abhi Parikh will head the Southern California Region. He is also managing partner of Richey May SoCal, formerly USXA and Sobul, Primes & Schenkel.
Danny O’Connor will serve as managing partner of Richey, May & Co., LLP. He has been an audit partner at Richey May, where he has led the alternative investments practice since 2014.
Koltin Consulting Group CEO Allan Koltin anticipates the combined firm will eventually rank in the top 25. “Congrats to Richey May, MKA, WSRP, Sobul, Primes, & Schenkel and The Doty Group on the formation of their new platform, Richey May!” he said in an email. “Together they have built a Top 50 CPA and advisory firm, and they are well on their way to becoming a Top 25 nationally ranked powerhouse!”
The Visionary Group also worked on the merger. “We at The Visionary Group team have appreciated building out a significant part of the Richey May platform,” said Visionary Group president Bob Lewis in an email. “Their vision of establishing a world-class accounting and advisory firm has come together over the last two years, positioning them as one of the premier private equity-based accounting groups in the nation. We look forward to their next steps as they continue to grow a firm that is rich in culture and focused on bringing exceptional client service.”
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