SAN RAMON, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- Armanino LLP (www.armaninollp.com), the largest independent accounting and business consulting firm based in California, announced that, effective September 1, 2015, The Brenner Group will become an Armanino company. The Brenner Group (www.thebrennergroup.com) is a highly respected professional services firm based in Silicon Valley with a strong specialty in interim financial management, such as interim CFO and controller services, and valuation and financial advisory services, with a primary expertise in venture-backed technology companies.
The Brenner Group brings nearly 30 years of industry experience to Armanino and will continue to operate as a separate entity. There will be no reduction in headcount as part of the transaction.
"We are very excited by the synergistic opportunities this agreement creates. The Brenner Group's experience in providing companies with hands-on financial leadership is a perfect match to Armanino's full spectrum of accounting, consulting and technology solutions," said Andy Armanino, managing partner of Armanino. "By coming together, we're able to provide more innovative solutions for our clients, which is something we all take pride in and value."
With this agreement, The Brenner Group's valuation team will integrate with Armanino's valuation and equity solutions practice to provide a full end-to-end equity compensation portfolio of services that can assist with all types of valuation engagements, as well as equity compensation administration, outsourcing, accounting and software solutions. Additionally, The Brenner Group will strengthen its interim management practice by integrating Armanino's executive search team, and will together provide permanent and temporary placement services for a variety of leadership roles. This creates a full-circle professional staffing solution for businesses at any stage of their growth.
"Armanino gives us the ability to expand and provide more solutions to our clients including outsourced bookkeeping, tax, international expertise and technology implementations around ERP, CRM, budget and forecasting, business reporting and analytics, and other 'best of breed' cloud solutions for the finance organization," said Rich Brenner, CEO of The Brenner Group. "Together we are able to assist a variety of companies from venture capital-backed start ups to established businesses."
This transaction with The Brenner Group is scheduled to close on September 1, 2015, subject to customary closing conditions.
About The Brenner Group
The Brenner Group, Inc. (www.thebrennergroup.com) is one of Silicon Valley's most established professional services firms. More than 2,000 companies have trusted The Brenner Group with their finance and accounting needs since 1987.
The Brenner Group provides a comprehensive suite of specialized financial and management services - including interim executive financial leadership, corporate end of life services, financial advisory and valuation services - that enable fast growing companies to expand and prosper, or wind down in an orderly manner. The Brenner Group is dedicated to partnering with its clients to help guide them through their most difficult challenges: building a finance organization, conserving cash, financing growth, and implementing infrastructure. For more information, visit The Brenner Group website at www.thebrennergroup.com.
Armanino LLP (www.armaninollp.com) is the largest independent accounting and business consulting firms 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 its division—AMF Media Group (www.amfmediagroup.com), a media and communications services agency. Its affiliate, Intersect Capital (www.intersectcapitalllc.com) is an independent financial planning, wealth and lifestyle management firm.
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