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April 30, 2008

US Baker Tilly firms in mid-tier mergers

US Baker Tilly firms in mid-tier mergers

Two US members of Baker Tilly International have boosted their market presence through mergers.

Texas-based Baker Tilly member Weaver and Tidwell, which has 300 staff and offices in Dallas, Fort Worth and Houston, has merged with Patterson, Newman & Associates (PNA). The merger forms part of Weaver and Tidwell’s strategy to build its energy practice.

PNA’s William Newman will be the partner in charge of the energy attestation practice. Wade Watson also joins the firm as a partner and will assist in managing the energy attestation practice. PNA’s Charles Flaniken will be a consultant and contract employee in the combined firm.

Newman said PNA’s existing clients will benefit from the added depth the merger provides. “We are proud to bring our experience and knowledge of both state and federal regulations, as well as our great working relationships with the [Environmental Protection Agency]. This merger will better position us to serve growing businesses throughout the country. This merger will make Weaver and Tidwell one of the largest providers of energy attestations in the US,” Newman explained.

Weaver and Tidwell represent a broad range of clients, including large national and international corporations, publicly and privately held businesses, non-profit organisations and government entities. The firm provides audit, accounting, tax, business valuation, estate planning and wealth transfer, forensic accounting, information technology, international services, property tax and risk advisory services.

Expanding coverage

Parente Randolph, a Philadelphia-based member of Baker Tilly International, has also been involved in a merger, bringing 17 staff from New Jersey firm Boyle, Brogan, Shusman & Nicastro (BBSN). Parente Randolph is spread over 11 offices throughout Pennsylvania, New Jersey and Delaware.

BBSN principal Richard Boyle said keeping up with client demands was the motive behind the merger. “BBSN has experienced unprecedented growth and expansion over the past few years and we wanted to ensure we could continue to offer our clients the industry expertise and services they would need to keep them competitive in today’s marketplace,” he said.

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