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M&A roundup: EY, CLA, Wipfli and Avantax expand

May 1, 2024
in Accounting
Reading Time: 2 mins read
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M&A roundup: EY, CLA, Wipfli and Avantax expand
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Top 10 firm CliftonLarsonAllen has acquired Ronald Blue and Co, a tax, audit and accounting firm with offices in Atlanta, Georgia; Tempe, Arizona; Knoxville, Tennessee; and Santa Ana, California, effective May 1. 

Ronald Blue’s approximately 80 employees and eight partners will join CLA’s network of nearly 9,000 professionals and over 1,300 partners in providing personalized wealth advisory, outsourcing, audit, tax and consulting services. Financial terms of the deal were not disclosed. CLA ranked No. 8 on Accounting Today‘s 2024 list of the Top 100 Firms, with $2 billion in annual revenue.

Founded in 1979, Ronald Blue and Co.’s client base includes musicians, entertainers and professional athletes, in addition to nonprofit clients and privately held businesses. 

“Becoming part of CLA is a tremendous opportunity not only for the entire team at Ronald Blue & Co. CPAs, but for the thousands of clients who rely on our specialized services,” said David Hogan, CPA, managing partner of Ronald Blue & Co. CPAs, in a statement Wednesday. “We have similar values and share a common focus on serving families, small businesses, and nonprofit organizations. And now, with access to the entire CLA national footprint, we can bring even more resources to bear for our clients.”

 CLA has more than 130 offices across the country, along with its CLA Global network. 

“We are excited to welcome Ronald Blue & Co. CPAs into the CLA family,” said Scott Engelbrecht, chief geographic officer for CLA, in a statement. “CLA continues to look for opportunities to have exceptional firms like this join us and grow our overall portfolio. Their mix of nonprofit and privately-held business clients align with the type of clients we currently serve on a daily basis at CLA.”

Last September, CLA acquired Richard, Witt & Charles in Garden City, New York;  Frost & Co. in Tacoma, Washington; and Gilmore Jasion Mahler in Toledo and Findlay, Ohio. In 2022, CLA did a number of mergers and acquisitions, including with Hayashi Wayland in Salinas, California, Concannon Miller in Florida and Pennsylvania, and Price CPAs in Nashville, Tennessee.

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