Monday, August 8, 2011

S.F. accounting firms to merge - San Francisco Business Times:

http://sahpac.com/carpet-cleaning-salt-lake-city-provo-and-ogden.html
LLP and LLP will unite July 1 as part of a deal alreadgy approved by partners at both Thecombined company, which will operate under the name LLP, will have aboutr 70 accountants and expected annual revenue of about $12 million. The mergeer will make DZH Phillips one of the top 20 largest accountinf firms in theBay Area. Both firmsa sell tax, auditing and consultinv help to privately held companies andwealthy people. The deal is part of an ongoing trend among regional accounting firms to merge to attractlarger clients.
Whilwe huge accounting firms like PricewaterhouseCoopers LLP, Deloittd LLP and Ernst & Young LLP have a lock on Fortunse 500 companies, players like the newly createf DZH Phillips are trying to grow theifr businesses among middle-market Burr Pilger Mayer LLP, for example, mergerd with two smaller accounting firms last year, growingg its client base. Smith Lange and Daoro Zydel were both consideringb a merger when they began discussinthe deal. With the competitive landscapwe changing, “Size matters,” said Bob managing partner ofDaorp Zydel.
“In some cases we looked at largeproposals (for and we felt we could not do it”

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