M&A roundup: Meaden & Moore; Platform Accounting expand

Platform Accounting Group has added Madison Street Advisors, formerly known as McCormick Tax Group, based in downtown Chicago, extending Platform’s footprint in the Midwest.

Madison Street Advisors offers tax planning and preparation, focusing on audit mitigation strategies and reduction of audit profiles. Its team of attorneys, CPAs, and enrolled agents represents clients in disputes with the IRS and state agencies. It also offers bookkeeping services, audit defense and resolution, and other business services.

“We are excited to start this next chapter of our business,” said Michael McCormick, managing partner at Madison Street Advisors, in a statement Wednesday. “We know our clients intimately and understand their unique demands and needs. Partnering with Platform allows us to expand the services and offerings to both our clients and team members.”

Platform, based in Holladay, Utah, invests in and acquires smaller accounting firms, frequently rebranding them. In February, the private equity-funded firm added Keystone Advisor Group, formerly known as Heckman & Laudeman, in Orwigsburg, Pennsylvania, in January. Last month, Platform added AKM Advisors, a firm based in New York. Last December, it added Midwest Advisors, formerly known as Philip+Rae & Associates, in Naperville, Illinois, and Crossroads Advisors, formerly Peachin Schwartz + Weingardt, in Indianapolis. In 2023, the firm acquired and rebranded several firms in California, including Alpert & King and R.O.A.D in Thousand Oaks, JHS in Danville and Anaheim, and Hamilton & Co. in Modesto. Last year, it received an $85 million funding round led by Cynosure Group of Salt Lake City.