Carr, Riggs & Ingram LLC, a Prime 25 Agency primarily based in Enterprise, Alabama, is increasing in Georgia by including Brooks, McGinnis & Co. LLC, a agency primarily based in Atlanta.
CRI has an present workplace in Atlanta, however the brand new workplace will develop the agency’s presence there and add extra shoppers within the nonprofit sector. CRI operates in additional than 30 markets throughout 10 states. Monetary phrases of the deal weren’t disclosed. CRI ranked No. 22 on Accounting In the present day’s 2021 checklist of the Prime 100 Corporations, with $331.75 million in annual income. The agency has over 300 companions and a couple of,000 workers.
Courtesy of Carr, Riggs & Ingram
The growth is a part of a wave of mergers amongst CPA companies this yr because the financial system improves, and M&A exercise appears to be selecting up pace this fall.
“Additional growing and growing our presence within the Atlanta market is a important piece of our development technique,” stated CRI chairman and managing accomplice William Carr in an announcement Thursday. “The Brooks, McGinnis & Co. location in Atlanta coupled with our present Atlanta workplace leverages the union of our mixed groups and assets to reinforce our shopper service supply mannequin and technical experience, whereas additional establishing CRI as a significant participant within the metro Atlanta market.”
Koltin Consulting Group CEO Allan Koltin suggested each companies on the merger. “CRI continues on their magical journey of growth with yet one more wonderful Atlanta-based agency in Brooks McGinnis,” he stated in an announcement. “Brooks McGinnis is among the premier CPA companies within the Southeast specializing within the nonprofit area of interest.”
In September, CRI expanded in North Carolina by including Sharrard, McGee & Co. The agency historically does an awesome many M&A offers, however that was its first post-pandemic deal since January 2020, when it added Crabtree, Rowe & Berger, a agency in Huntsville, Alabama.