M&A roundup: Forvis Mazars, Blue, LGA and RBSK expand

Forvis Mazars is expanding in Florida through the acquisition of MSL, P.A., effective Nov. 1.

The deal will add new offices in Orlando, Fort Lauderdale and Tallahassee to the firm.

Financial terms of the deal were not disclosed. Forvis Mazars had annual revenues of approximately $2.2 billion in the U.S. in fiscal year 2024, ending May 31. Revenues for MSL were not disclosed. Forvis Mazars has more than 7,000 team members and over 600 partners in the U.S. Globally it has a combined $5 billion in revenue, 40,000 employees and nearly 1,800 partners in 103 different countries. MSL has approximately 120 team members, including 14 partners.

“MSL has an incredible reputation in Florida, and we are excited about the opportunities to leverage each other’s strengths to serve clients here in new and dynamic ways,” said Paul Thompson, Florida managing partner for Forvis Mazars, in a statement Friday. “This is a great cultural fit as well, which was important as we considered how this could benefit our people and clients.”

MSL dates back about 50 years and offers audit, tax, and consulting services along with an audit practice for clients in the healthcare, public sector, construction, real estate, commercial products and nonprofit sectors. 

“This move greatly enhances the resources and services we can provide to clients and opens up extraordinary new opportunities for our team members,” said MSL president Kevin Murphy in a statement. “Clients will have access to a deeper bench of professionals and specialists—in Florida, across the country, and around the world thanks to the Forvis Mazars global network. Our people will see rewarding career options serving new industries, and they will be able to tap into Forvis Mazars’ award-winning training and professional development programs.”

Forvis was formed about two years ago through the merger of two Top 20 Firms, BKD CPAs & Advisors and Dixon Hughes Goodman, which combined under the name “Forvis” in reference to their “forward vision.” It completed its merger with the global accounting network Mazars in June. In September, it completed a smaller acquisition, of ConTech360, a Charlotte, North Carolina-based construction technology firm, which had been previously announced by Forvis prior to the close of its deal with Mazars.