Eide Bailly, a High 20 Agency based mostly in Fargo, North Dakota, is increasing to Nebraska by including Seim Johnson, a agency in Omaha, efficient July 25.
The merger will add 20 companions and 70 employees members to Eide Bailly, which presently has greater than 350 companions and practically 3,000 employees within the U.S. Monetary phrases of the deal weren’t disclosed. Seim Johnson is a $22 million agency, whereas Eide Bailly earned $521 million in annual income. Eide Bailly ranked 20th on Accounting At this time’s 2022 record of the High 100 Companies.
The 2 corporations are already aware of each other, as Seim Johnson is a member of the Eide Bailly Alliance, an affiliation of non-competing CPA corporations shaped by Eide Bailly.
“Becoming a member of Eide Bailly will permit us to proceed to serve our shoppers effectively and guarantee our folks have the chance to develop their careers within the ways in which encourage them,” stated Seim Johnson managing associate Jerry O’Doherty in a press release Friday. “Eide Bailly’s enhanced advisory providers and thought management in our business will present our shoppers the instruments they should meet their objectives. As well as, their office tradition devoted to innovation {and professional} improvement will permit us to draw and retain the brightest expertise.”
The Omaha workplace shall be Eide Bailly’s first in Nebraska. Eide Bailly has greater than 40 workplaces in 15 states, together with an workplace in Mumbai, India.
“Seim Johnson’s dedication to understanding their shoppers’ organizations and delivering options with imaginative and prescient is an ideal match for the way we strategy consumer service,” stated Eide Bailly managing associate and CEO Jeremy Hauk in a press release. “We’re excited to welcome Seim Johnson into Eide Bailly and look ahead to what we will accomplish collectively.”
Final November, Eide Bailly expanded in Minnesota by including PWB CPAs & Advisors, a agency based mostly within the Minneapolis-St. Paul space. In 2020, it added Mukai, Greenlee & Co. in Phoenix, Arizona, HMWC CPAs in Tustin, California, and Platinum Consulting in Fullerton.