Carr, Riggs & Ingram, a Prime 30 Agency based mostly in Enterprise, Alabama, has expanded its presence within the Atlanta space by including Brown, Nelms & Co., a agency based mostly in Peachtree Metropolis, Georgia, for an undisclosed sum.
Brown Nelms earned $3.7 million in annual income and can add 18 workers members to CRI. The agency dates again to 1983 and has been managed by companions Ted Brown and David Nelms. It makes a speciality of development trade purchasers, providing companies together with tax, accounting, auditing, monetary reporting, strategic planning, M&A advisory, possession transitions, worker inventory choice plans and retirement plan audits.
CRI ranked No. 22 on Accounting At present’s 2022 record of the Prime 100 Companies and earned over $380 million in yearly income and over 2,000 workers members, together with greater than 350 companions. It has been increasing at a speedy clip through the years, together with in Georgia, the place it already has workplaces in Atlanta, Tifton and Valdosta.
“Brown Nelms and CRI share a robust dedication to serving the better Atlanta space, in depth histories of outstanding consumer service, employee-focused cultures, and a dedication to forging progress in our career,” mentioned CRI managing accomplice and chairman Invoice Carr in an announcement Friday. “This becoming a member of is a pure match for each companies, and we look ahead to our shared futures and the probabilities forward for our purchasers, companions, workers, and the Atlanta space.”
CRI operates in additional than 30 markets throughout 10 states, offering accounting, auditing, tax, advisory, and consumer accounting companies.Â
“With Brown Nelms becoming a member of CRI, we are able to make the most of our mixed strengths to supply our purchasers and the better Atlanta space extremely specialised experience with better efficiency and accessibility,” mentioned Kelly Bollinger, partner-in-charge of CRI’s Atlanta observe, in an announcement. “Rising our presence opens new alternatives for us all, and we’re excited in regards to the future potentialities.”
Koltin Consulting Group CEO Allan D. Koltin suggested each companies on the deal. “There’s a motive why CRI is now the most important regional CPA and advisory agency based mostly solely within the Southeast — and that motive is their tradition of caring about their folks and their purchasers,” he mentioned in an announcement. “Mix that with their nice management, expertise and innovation, and also you shortly see why they’ve develop into a vacation spot for excellent expertise. And Brown Nelms is thought all through the Atlanta area for his or her specialization within the development trade. They have been wanted by many acquirers however selected CRI for all the above causes.”
CRI does frequent M&A offers, most just lately in July when it added Alonso & Garcia, a agency in Miami. In January, CRI expanded with one other deal in Florida by including Travani & Richter in Jupiter, and in Texas by including Pharr Bounds LLP in Austin. Final November, CRI expanded in Georgia by including Brooks, McGinnis & Co., a agency in Atlanta. Final September, CRI expanded in North Carolina by including Sharrard, McGee & Co.Â