Crowe plans further growth
through flagged Florida merger

Crowe Chizek and Company has announced that it intends to
combine practices with Carter, Belcourt & Atkinson, a Floridian
firm with offices in Lakeland and Tampa.

The two US firms have signed a non-binding letter of intent to
combine practices. Discussions are taking place with plans calling
for a combination agreement to be signed in the coming
months.

Crowe Chizek said that Carter, Belcourt & Atkinson is one of
central Florida’s largest locally owned certified public accounting
and consulting firms. It has 79 associates and expertise in sectors
such as professional services, not-for-profit, agriculture, and
hospitality and recreation. The firm is a member of the PKF North
American Network.

Nationally, Crowe Chizek has a total staff of more than 2,300
professionals working across 22 offices. It most recently reported
fee income of $423 million. The group is a member of Horwath
International.

The proposed deal is the latest in a series of moves the firm has
undertaken recently to increase its size. In July, Crowe Chizek
announced that it had completed its planned merger with New
Jersey-based risk management consulting company Enterprise
Financial Consulting. Last month it opened a new office in Atlanta
and elected 17 new partners and five new directors to the
firm.

Crowe Chizek said that the transaction to bring Carter, Belcourt
& Atkinson into the fold is subject to further due diligence,
execution of a combination agreement and satisfaction of customary
closing conditions.