CliftonLarsonAllen has merged in Duggan & Massey, expanding CLA’s presence in Atlanta, effective July 1.
As part of the deal, 22 former Duggan & Massey team members, including four partners, will be joining CLA, while continuing to work from their office in Atlanta’s Buckhead district. CLA has more than 5,400 people, including more than 700 principals.
Financial terms of the deal were not disclosed. CliftonLarsonAllen ranked No. 8 on Accounting Today’s 2018 list of the Top 100 Firms, with annual revenue of $850 million. Duggan & Massey earns $5 million in annual revenue.
Duggan & Massey dates back to 1956 and caters to closely held businesses and high net worth individuals in the Atlanta area. “We have been approached by many firms over the years, but CLA was unique,” said Duggan & Massey managing partner Michael Thompson in a statement. “Their core focus on helping closely-held businesses, owners, and high net worth individuals aligned perfectly with Duggan & Massey.”
He and other members of his firm met with CLA officials from around the country and were impressed by what they saw. “We are really excited for the opportunities, resources and advanced technology this will give us to better serve our clients,” Thompson added. “Our team will have terrific career opportunities and this puts in place a long-term plan of sustainability for the firm.”
In May, CLA expanded in California by adding the Beverly Hills firm
“We are constantly evolving our capabilities to be that one firm people can count on to address their needs — whether personal, financial, or business,” says Jamie Henkemeyer, CLA managing principal of office, Atlanta. “I love sharing the journey with our clients. Welcoming the Duggan & Massey team opens the door to help our leaders in our community on an even deeper level.”
