BH Financial® Case Study

Public Accounting Firm Merger

The Managing Partner of a regional CPA firm had explored potential mergers with larger CPA firms but could not find a suitable fit. He also wanted to retain their independence and not be a part of a national firm. He decided the best approach was to grow the firm’s practice by adding another partner with a book of business or acquiring a smaller CPA firm.


The firm had 3 partners retiring within the next 5 years and it was important that any potential hires would not only be able to develop business and expand the practice, but would also be a fit for their culture. The challenge was to find potential candidates that were proficient in both audit and tax. In addition, their practice was focused primarily in the real estate and high net worth tax space, and potential candidates needed to have a practice that was compatible.


Beacon Hill Financial leveraged its extensive network within the public accounting space to identify potential candidates. Several candidates were put in front of the partnership group and the group eventually decided to acquire a smaller practice which added 2 partners to their partnership.

The Results

The Managing Partner has been very happy with the merger and feels they are well positioned for future growth.