US firm CBIZ has acquired the non-attest business of accounting firm Thompson Dunavant (TD) based in Memphis, Tennessee.
Founded in 1997, TD provides tax and financial consulting services to clients in a variety of different industries ranging from small businesses to large multi-national companies. It has 83 associates and reported about $15.7m in revenue past fiscal year.
“We are excited to join CBIZ because, like us, they have a strong focus on client service and team development. These commitments coupled with the opportunity to be part of a national company will provide new growth opportunities for us and enhance our long-term commitment to our clients and our community,” TD managing shareholder Stephen Dunavant said.
CBIZ currently has 150 offices in 36 states across the US. The firms chairman and chief executive Stephen Gerard said the acquisition was part of CBIZ’s growth strategy to expand its geographic coverage.