Particulars: Rea & Associates, a Prime 80 Agency based mostly in New Philadelphia, Ohio, is merging in Arcis Know-how Group, efficient Nov. 1, 2022.
Along with accounting companies, Rea additionally provides data companies, cybersecurity, HR consulting, retirement plan consulting, together with valuation and transaction advisory companies.
Rea’s data companies apply consists of managed safety data expertise and governance, danger and compliance companies.Â
Arcis has been offering IT assist to companies for 20 years, and Rea anticipates including Arcis’s companies will elevate Rea’s data companies practices to the subsequent degree in addition to assist the agency’s plans to develop past Ohio. Arcis’s present places are in Massillon, Ohio, and Raleigh, North Carolina.Â
“With the addition of Arcis, Rea & Associates reaffirms its dedication to offering companies that assist develop and shield our purchasers’ companies,” mentioned Paul Hugenberg, principal and director of knowledge companies at Rea, in a press release. “This merger permits us to supply new, modern companies to our purchasers and I am excited to welcome the proficient ARCIS professionals to our group.”
Monetary phrases of the deal weren’t disclosed. Rea ranked No. 78 on Accounting Right now’s 2022 listing of the Prime 100 Corporations, with $62.9 million in annual income, 73 companions and roughly 370 workers members.
The deal will add one principal, Arcis proprietor and president Jeff Rapp, and 13 workers to Rea. Â
“Coming collectively is a pure match for each of our companies, since we worth the identical core beliefs,” Rapp mentioned in a press release. “Not solely will Rea purchasers profit from our suite of companies, however Arcis purchasers will now have entry to a few of the best accounting and consulting professionals within the nation.”
Rea did a variety of M&A offers in Ohio in 2020, together with with Kennedy Cottrell Richards, Jones Battles Group, Dyer Roche & Co. and WJ Ubbing and Associates.