Sunday, December 26, 2010

S.F. accounting firms to merge - San Francisco Business Times:

grachevakautawil.blogspot.com
LLP and LLP will unites July 1 as part of a deal already approved by partners at both Thecombined company, which will operate under the name LLP, will have about 70 accountants and expected annual revenue of about $12 The merger will make DZH Phillips one of the top 20 largest accountinh firms in the Bay Area. Both firmsx sell tax, auditing and consulting help to privatelyt held companies andwealthy people. The deal is part of an ongoinyg trend among regional accounting firms to merge to attractylarger clients.
While huge accountinf firms like PricewaterhouseCoopers LLP, Deloitte LLP and Ernsy & Young LLP have a lock on Fortune 500 players like the newly createed DZH Phillips are trying to grow theirf businesses among middle-market Burr Pilger Mayer LLP, for merged with two smaller accounting firmes last year, growing its clienft base. Smith Lange and Daoro Zydel were both consideringv a merger when they began discussingthe deal. With the competitiv e landscape changing, “Size matters,” said Bob Daoro, managing partnee of Daoro Zydel. “In some cases we lookedc at largeproposals (for work) and we felt we could not do alone.

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