Dayton, OH-based accounting firm Alinea CPAs has acquired Matthew P. Roth and Co., a full-service CPA firm based in Cincinnati, effective Jan. 17.
Financial terms of the deal weren’t disclosed. The acquisition is part of Alinea’s strategic plan to strengthen its private company practice in the Cincinnati area, the firm said in a media release.
Founded in 2015 by Seth Morgan, who also owns the fractional advisory firm MLA Companies, Alinea provides tax, business advisory, valuation, payroll, bookkeeping, and audit, review, and compilation services to closely held businesses, nonprofits, and individuals. The firm’s clients include businesses in manufacturing and distribution, construction, real estate, professional services, farming, and dining, as well as not-for-profits and high-net-worth individuals.
“This acquisition is part of our plan to expand our talent, client, and geographic footprint. The great clients and team members of Matthew P. Roth will help us execute and expand on our vision for Alinea to be a full-service solution to our privately held clients and to scale Alinea across many locations in several states,” Susan McClure, Alinea’s president, said in a statement.
Founded in 1959 by Ronald A. Roth in the Cincinnati suburb of Cheviot, OH, Matthew P. Roth & Co. moved to its current location in 1965, according to the firm’s website. Matthew Roth, Ron’s son, joined the firm in 1984, becoming partner in 1989. Mary Hassett joined the firm in 1987 and became partner in 1999.
“We have finally found what we think is the perfectly matched firm. We have talked to several firms about an acquisition over the last few years, but until now, we did not feel anyone would be able to take care of our clients the way we expected and wanted,” said Matthew Roth.
Alinea now has offices in Cincinnati, Dayton, and Eaton, OH.
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