Carr, Riggs & Ingram LLC, a Top 25 Firm based in Enterprise, Alabama, has expanded its footprint to South Carolina by merging in the Lanning Group LLC, a firm based in Mount Pleasant in the Charleston suburbs.
Financial terms were not disclosed. CRI ranked No. 22 on Accounting Today's 2022 list of the Top 100 Firms, with $382.33 million in annual revenue. The firm has over 2,000 professional staffers and more than 350 partners.
"Expanding into South Carolina has long been a priority market for CRI, and this merger allows us to expand our service aptitude and add further industry-leading expertise to our team of advisors," said CRI chairman and managing partner Bill Carr in a statement Tuesday. "The Lanning Group's focus on prioritizing client relationships and striving for excellence across the entire lifecycle of those relationships undoubtedly makes them an asset in the Charleston area. The addition of this bright team to our firm will help further strengthen our client service model while introducing the CRI name to a new market and new state."
Koltin Consulting Group CEO Allan Koltin advised both firms on the merger, "CRI and the Lanning Group found great alignment the first time they met and never looked back," he said in a statement. "The Lanning Group is one of Charleston's preeminent tax specialty practices, and combining with CRI will provide their clients with access to greater depth, expertise, and resources. It will also provide great growth opportunities for their talented associates. CRI brings to the greater Charleston market the fastest-growing first-generation firm in the country. I wouldn't be surprised to see CRI become a major force throughout the state of South Carolina."
In July, CRI expanded in Florida by adding
