Noble Consulting Services, a subsidiary of Top 100 Firm Katz, Sapper & Miller, has added Rector & Associates; and Kyle David Group acquired Kennedy & Associates;
M&A roundup: KSM and KDG expand
January 14, 2025 5:53 PM
Noble adds Rector
Mark Alberts, founder of Alberts Actuarial Consulting LLC, has also joined Noble as a vice president to expand Noble's actuarial services. With the addition of Rector & Associates and Alberts, Noble plans to introduce additional services.
Rector offers transactional, financial, and compliance services for insurance companies, litigation support and expert witness services, regulatory compliance for insurance brokers and agents, and more. Alberts will lead development of an in-house actuarial department at Noble, which will provide financial examination, actuarial analysis, and form and rate review services to regulatory clients, valuation and appointed actuary services to insurers, and more.
Rector & Associates was founded in 1991 and provides insurance regulation and financial solvency consulting. Sarah Schroeder and Ed Dinkel of Rector are joining Noble as managing directors. Neil Rector, who founded Rector & Associates and is a former deputy director of the Ohio Department of Insurance, will provide ongoing consultation services to Noble.
Alberts has provided actuarial consulting services in the life insurance, annuity and supplemental health practice areas since 2008. He and his team of actuaries have worked with Noble on a contract basis for many years.
"We're thrilled to welcome Sarah, Ed, Neil, and Mark to the Noble team," said Noble CEO Mike Dinius in a statement. "Their exceptional expertise and client-focused approach are a perfect fit for Noble as we expand our services. Adding an in-house actuarial department is a major step, allowing us to deliver broader, more impactful services to both regulators and insurance companies. This move strengthens our ability to meet the evolving needs of our clients and ensures we remain at the forefront of the industry."
Financial terms of the deal were not disclosed, and Noble's revenue figures were not disclosed either.
KSM ranked No. 49 on Accounting Today's 2024 list of the Top 100 Firms, with $144.8 million in annual revenue. Noble employs 70 people. The combination with Rector adds two full-time people — Schroeder and Dinkel — and two contractors, including founder Neil Rector.
Kyle David Group acquires Kennedy & Associates
The Kyle David Group LLC, a professional services firm specializing in technology, accounting and strategy for small to midsized organizations. based in Allentown, Pennsylvania, has completed its asset acquisition of Kennedy & Associates CPAs in Cherry Hill, New Jersey.
The deal, finalized in December, bolsters KDG's offerings of tax, managed accounting, and fractional CFO services.
Kennedy & Associates was founded in 2003 and serves a broad client base beyond New Jersey to other parts of the U.S. as well as Mexico and Lebanon.
"The diligence process revealed much to admire about Kennedy & Associates — their business methods, their impressive client base, and their ability to deliver top-notch services," said KDG CEO Kyle David in a statement Tuesday. "Their ethos aligns seamlessly with our strategic goals to enhance our managed accounting, tax and fractional CFO services."
Financial terms of the deal were not disclosed.
"We evaluated numerous potential acquirers, and KDG distinguished itself not only through its conscientious approach and client-focused mindset but also because of its deep in-house expertise," said Jim Kennedy, managing member of Kennedy & Associates, in a statement. "Their demonstrated care and concern about every client, large or small, complements their adherence to very high standards made them the ideal choice to ensure that our longstanding clients, many of whom have been with us for over two decades, continue to receive exceptional care."
The deal, finalized in December, bolsters KDG's offerings of tax, managed accounting, and fractional CFO services.
Kennedy & Associates was founded in 2003 and serves a broad client base beyond New Jersey to other parts of the U.S. as well as Mexico and Lebanon.
"The diligence process revealed much to admire about Kennedy & Associates — their business methods, their impressive client base, and their ability to deliver top-notch services," said KDG CEO Kyle David in a statement Tuesday. "Their ethos aligns seamlessly with our strategic goals to enhance our managed accounting, tax and fractional CFO services."
Financial terms of the deal were not disclosed.
"We evaluated numerous potential acquirers, and KDG distinguished itself not only through its conscientious approach and client-focused mindset but also because of its deep in-house expertise," said Jim Kennedy, managing member of Kennedy & Associates, in a statement. "Their demonstrated care and concern about every client, large or small, complements their adherence to very high standards made them the ideal choice to ensure that our longstanding clients, many of whom have been with us for over two decades, continue to receive exceptional care."
