The deal will add 11 new professionals and three partners to Kruggel Lawton, expanding the firm’s reach in southwest Michigan. The Portage location will be the sixth Kruggel Lawton office, and the firm’s second in Michigan.
Financial terms of the deal were not disclosed, but Kruggel Lawton estimates its revenue will be around $25 million and the combined firm will have roughly 150 staff. Kruggel Lawton ranked No. 40 among Accounting Today‘s Regional Leaders in the Great Lakes in 2023, with $18.75 million in annual revenue.
Kruggel Lawton & Co. was founded in 1956 and offers assurance, tax compliance and consulting, estate planning, business valuation, business accounting and executive search services.
“We are delighted to have the Cole Gavlas team join Kruggel Lawton,” said managing partner Barry Hall in a statement Tuesday. “Combining our two very talented teams will create new opportunities to serve the Portage/Kalamazoo area. Cole Gavlas has an outstanding reputation for excellent client service and quality of work which will increase our depth and expertise across several service lines.”
Cole Gavlas was originally called Cole and Co. PC when it was founded in 1991 by Jeffrey Cole. He began working with clients throughout southwest Michigan in Kalamazoo and Portage. Dan Gavlas joined the team in 1999 and was promoted to partner two years later. In 2009, the firm changed its name to Cole Gavlas PC and moved to its current offices in Portage. As the firm continued to grow, it added Jason Martin, who joined the leadership team in 2017. The firm provides a wide variety of accounting services including tax, business advisory, financial management, and other advisory services. It has been a member of the BDO Alliance for more than 22 years. Kruggel Lawton is also a member.
“We are excited to be joining Kruggel Lawton,” said Dan Gavlas. “The partnership between our two firms feels very natural because our values, culture, and approach to client service are so closely aligned. This is a great opportunity not only for our team but for our clients, and I look forward to continuing to serve our communities together.”
Effective June 1, Kruggel Lawton will have offices located in South Bend, Elkhart, and Goshen, Indiana, Portage and St. Joseph, Michigan, and Knoxville, Tennessee.
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