The accounting firm Armanino LLP,has reached an agreement to acquire the Southern California firm of LaRue, Corrigan, McCormick & Teasdale LLP (LCMT), effective Jan. 1, 2016. The agreement will create the firm’s ninth U.S. office location and first in the San Fernando Valley.
“The team at LaRue, Corrigan, McCormick & Teasdale has been a professional pillar in the San Fernando Valley for nearly 25 years and we can’t think of a better group of professionals to partner with,” said Andy Armanino, managing partner of Armanino LLP. “We see a lot of ways that together we can drive growth opportunities and business strategies for their sophisticated client base with a wider range of solutions.”
LCMT clients will now have access to Armanino’s deep and specialized set of accounting and business management solutions that focus on complex corporate returns, international tax, R&D credits, family office, estate planning, M&A preparedness and expanded audit expertise to help at every stage of the business life cycle. Armanino also brings a full suite of technology consulting services such as budget and forecasting, business reporting and analytics, cloud solutions and ERP.
“The highly personalized approach we bring to each client will remain, but now we will have the ability to tap into more resources to provide breadth of expertise to each engagement,” said Ken Teasdale, partner at LCMT.
LCMT will become Armanino effective Jan. 1, 2016, and will keep its Woodland Hills, California office location at 5959 Topanga Canyon Blvd. #180. Clients will continue to work with the same partners and staff without disruption to service.
“LCMT was on the target list of many larger firms but really liked Armanino’s leadership, culture, and innovation,” said Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger. “For Armanino, this positions them to be a significant player in the valley and ties in well with their southern California expansion plans and their recent merger with RBZ.”
Armanino’s aggressive growth is anchored in its pursuit to expand its service lines, technology solutions and specialized expertise, including through key acquisitions. The firm has been listed on Inside Public Accounting’s Fastest Growing Firms and Best of the Best Firms in the nation the past five years running.
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