Top 20 accounting firm Eide Bailly has acquired Seattle-based CPA firm King & Oliason, the firms announced on June 26. Financial terms of the deal, which goes into effect on July 17, were not disclosed.
As part of the acquisition, Eide Bailly picks up its first office in Seattle and adds six partners and 33 staff from King & Oliason.
“By joining Eide Bailly, we can provide our clients expanded advisory services and industry-leading thought leadership to help provide the essential tools needed to achieve their goals,” Rick Starkenburg, a partner at King & Oliason, said in a press release.
“Their innovative workplace culture and unwavering commitment to professional development will enable us to attract and retain the most talented individuals in the field,” Norma Oliason, managing partner at King & Oliason, said about joining Eide Bailly.
King & Oliason specializes in tax consulting and tax return preparation for high-net-worth individuals, their families, non-profit organizations, and closely held businesses in the Pacific Northwest.
Justin Farmer, owner of Private Practice Transitions, who advised the firms during the process, said it was clear from the first introduction that there was a “significant culture alignment with this combination.”
“King & Oliason’s workplace culture alignment, coupled with their longstanding commitment to delivering exceptional client service, positions them as an outstanding addition to Eide Bailly,” added Jeremy Hauk, managing partner and CEO of Eide Bailly. “I am so impressed with their leadership, discipline and cultural values. We welcome the King & Oliason team into the Eide Bailly family and eagerly anticipate the remarkable achievements we can accomplish together.”
Based in Fargo, ND, Eide Bailly has more than 40 offices in 15 states in the U.S. and an office in Mumbai, India.
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