GreenGrowth CPAs acquires William Wong and Associates

GreenGrowth CPAs acquired William Wong and Associates in Kailua-Kona, Hawaii. 

This is GreenGrowth’s second deal of 2025 and a continuation of its strategy of buying retiring partners’ firms. William Wong and Associates expands GreenGrowth’s geographic footprint and adds to its client base of high net worth individuals.

GreenGrowth is headquartered in Los Angeles and has four more offices across San Francisco and Orange County, California, and in Buenos Aires, Argentina, and Belgrade, Serbia. It offers accounting, audit and assurance, and tax services to nonprofits, high net worth individuals, and industries like life sciences and biotech, professional services, real estate, technology and cannabis. 

Its goal is to acquire at least 15 firms this year and currently has five letters of interest out, according to its founder Derek Davis. It acquired CGC Accountants & Advisors in January and Wong on Monday.

“We’re off to a bit of a slow start — this is our second one — but we have a large pipeline,” Davis told Accounting Today. “What we’re seeing that’s really interesting on the ground front is that the number of deals continues to increase regardless of the amount  of private equity firms that have come into the space. The numbers keep going up.”

William Wong and Associates was founded in 1976 and has been servicing the Hawaiian islands for more than 40 years with one managing partner, 10 employees and between 150 and 200 clients. It offers tax planning and preparation, bookkeeping, accounting, financial reporting and analysis, audit, assurance, and business consulting services.

“They were really focused on making sure that their staff and their clients are taken care of first,” Davis said. 

“When you look at a firm, especially in the sub-five million-dollar range, you really want to make sure they care more about their clients and staff than they do about their personal payout,” he added. “When a firm always focuses on their personal payout and that’s their No. 1 priority, you’re always wondering, are they trying to pull something over my eyes that I don’t see?”