BRADENTON -- CPA Associates, one of the largest independent accounting firms on the Gulf Coast and based in Bradenton, is combining with a Georgia-based accounting firm Mauldin & Jenkins.
The move will put the combined firm, which will go by Mauldin & Jenkins LLC, among the top 100 accounting firms in the nation in terms of total revenue. Mauldin & Jenkins also will bring another accounting firm, Evers and Fox, P.C. based in Atlanta, into the mix to further bolster the firm’s Atlanta practice.
As a result of the combination, Mauldin & Jenkins will have about $41 million in revenue, 43 partners and 240 staff members.
Terms of the combination were not disclosed but the transaction is scheduled to close by or before June 1.
CPA Associates is owned by the firm’s partners. Jerry Marlar, managing partner of CPA Associates, will remain with the firm as a partner in charge of Mauldin & Jenkins’ Bradenton operations. There will be no layoffs in the 40-plus CPA Associates staff, Marlar said.
The combined practice will give the firm more extensive resources and expertise for its local and Southeast clients, he said.
“This was a way to add really deep resources without having to change our culture or pricing structure,” Marlar said.
“It was a very unique opportunity to combine forces to achieve economies of scale and deliver a high level of customer service.”
Mauldin & Jenkins, which has offices in Atlanta, Macon, Ga.; Albany, Ga.; and Birmingham, Ala., will move three of its partners to CPA Associates’ Bradenton office on Sixth Avenue West.
The partners being relocated specialize in governmental, nonprofit, healthcare and banking industries.
“The specialized resources of M&J, and the expertise and customer base of CPA Associates, combine to offer enhanced services to our client base and to offer a great opportunity for firm growth in the Sarasota-Bradenton and greater Tampa Bay area,” said Donny Luker, managing partner for Mauldin & Jenkins.
“We as a firm are extremely excited about the opportunity here. Jerry and his crew fit right in with us and have been in the business a long time. It’s a solid practice they have that gives us an opportunity to grow in the area and just really benefit clients.”