Top 100 accounting firm Rea & Associates has merged in Sarasota, FL-based CPA firm Koontz & Parkin, effective June 1.

Financial terms of the deal weren’t disclosed. Koontz & Parkin and Rea & Associates will be one firm under the Rea name, continuing to operate out of the Koontz & Parkin office in Sarasota, in addition to Rea’s Ohio offices.

The merger enables New Philadelphia, Ohio-based Rea to expand beyond Ohio, particularly in the construction and real estate industries. Both firms say cultural fit was a driving force behind this union.

Thanks for reading CPA Practice Advisor!

Join for free to get personalized access to all of our daily content, newsletters, continuing education, podcasts, whitepapers and more...

Already registered? Login

Need more information? Read the FAQ's

“We’re excited to merge with Rea because both firms value top talent, hard work, exceptional client service, collaboration, innovation, and growth,” Jo Ann Koontz, co-founder of Koontz & Parkin, said in a statement.

Aside from traditional accounting services, Rea also offers clients managed IT and cybersecurity services, wealth management, and retirement plan consulting, as well as valuation and transaction advisory services. By adding Koontz & Parkin, Rea will provide clients with extensive knowledge and experience in the areas of tax planning, tax preparation, and tax problem resolution.

“Koontz & Parkin clients will now have access to some of the greatest accounting and consulting professionals in the country,” Rea CEO Mark McKinley said. “Coming together is a natural fit for both of our firms, since we value the same core beliefs.”