US-based accounting and advisory practice Haefele Flanagan has acquired fellow company Mig Murphy Sistrom, which focuses on serving non-profit organisations.

Financial details of the deal have not been divulged.

Founded in 2002, Mig Murphy Sistrom offers outsourced accounting, chief financial officer (CFO) and controller advisory services (CAS), as well as financial support tailored to mission-driven entities.

Under the deal, Mig Murphy Sistrom and its team will be integrated into Haefele Flanagan.

For Haefele Flanagan, the transaction adds expertise in non-profit financial management, grant compliance and sector-specific operations, while extending the company’s presence in the south-eastern US.

The company added that the move supports its longer-term plan to develop as an advisory-led practice built around sector specialisation, client impact and continued growth in key markets including non-profit organisations.

Haefele Flanagan leading partner Jim Haefele said: “This acquisition accelerates our long-term strategy to lead with advisory services by establishing us as a primary player in the non-profit CAS and CFO advisory space.

“It expands our platform beyond compliance into higher-impact, mission-driven financial management and positions us for sustainable, specialised growth in the non-profit sector.”

Mig Murphy Sistrom founder Mig Murphy Sistrom explained that the decision to join Haefele Flanagan was guided by “shared values, culture, and a long-term commitment to clients and staff”.

Sistrom added: “I am tremendously excited to be a part of the Haefele Flanagan team.

“Our clients will benefit from expanded capacity, new efficiencies, and a broader range of services such as strategic planning and support for any related commercial businesses.

“Our team will benefit from best practices already adopted by HFCO [Haefele Flanagan], and from working with a larger team of personable, creative, forward-thinking professionals who share the values that made my own firm special.”