SAN RAMON, Calif., Aug. 28, 2014 (GLOBE NEWSWIRE) -- Armanino LLP, the largest independent accounting and business consulting firm based in California with revenue of $125 million, announced today that an agreement has been signed with Berger Lewis Accountancy Corporation, a $12 million firm, to merge effective January 1, 2015.
The merger strengthens Armanino's current reach throughout Silicon Valley by adding to its nonprofit and middle market tax practice and deepens its bench of expert advisors. Armanino will also have a new presence in the Santa Cruz-Monterey Bay community, bringing a set of solutions to help companies there adapt and change at every stage of their business both US and globally.
"Joining a national industry leader like Armanino creates an opportunity to better serve our clients," said Randy Peterson, Managing Partner of Berger Lewis. "Their expertise in technology solutions, M&A, IPO readiness and wealth management made the move a great fit for us. We look forward to collaborating and creating the best business solutions available to our clients."
All of Berger Lewis' partners, professionals, and administrative staff will make the transition to Armanino. "The core of our success has been rooted in our focus on growth and investment in great people," said Andy Armanino, Managing Partner of Armanino. "We are excited to welcome an experienced team of talented professionals to Armanino and look forward to the new opportunities this sizeable staff will bring to our firm."
Armanino's aggressive growth strategy has been anchored around the pursuit of new opportunities including expansion of service lines, technology solutions, specialized expertise and key acquisitions. This approach has led the firm to be listed as one of Inside Public Accounting's fastest growing firms the past three years running and a Best of the Best Managed Firms in the nation.
The transaction with Berger Lewis is scheduled to close on January 1, 2015, subject to customary closing conditions.
Armanino LLP (www.amllp.com) is the largest independent accounting and business consulting firm based in California and one of the largest firms in the United States. Armanino provides an integrated set of audit, tax, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business from start-up through rapid growth to the sale of a company. Armanino emphasizes smart technology; leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino extends its global services to more than 100 countries through its membership in Moore Stephens International Limited – one of the world's major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates two other divisions – AMF Media Group (www.amfmediagroup.com) and Financial Horizons (www.fhllc.com).