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SAN RAMON, Calif., October 4, 2021 (GLOBE NEWSWIRE) – Armanino LLP, one of the 25 largest accounting and management consultancies in the United States, announced today that the partners and employees of Austin-based accounting firm Holtzman Partners are joining Armanino. effective January 1, 2022. Holtzman will be named Armanino LLP and add a second Austin office for Armanino, which has an existing location on Congress Avenue. The transaction brings together two companies who recognize the need for sophisticated tax, auditing and advisory solutions in one of the fastest growing markets in the United States and share a vision of the future of the business.
“It’s no secret that Austin is one of the most innovative and exciting cities in the country, if not the world,” said Matt Armanino, CEO of Armanino LLP. “We have been working with customers in the region for many years and recently opened a local office in the city center. The inclusion of Holtzman is the natural next step in our investment in the Austin community given their business vision, commitment to innovation and values when it comes to world class customer service and people-first culture. “
The merger will give Holtzman customers access to an expanded range of accounting and consulting services to support each phase of the company’s growth. Armanino’s Tax Practice with its Deep Bench provides on-demand expertise on a variety of topics including international taxes, state and local taxes, transfer pricing, R&D tax credits, transactional advice, retirement, inheritance and trust, partnerships and qualified business income. Armanino brings additional clout in the area of risk assurance and complements the SOC1 and SOC2 reporting offerings from Holtzman with extensive expertise in Sarbanes-Oxley compliance audits, HITRUST assessments, ISO certification, data protection, cybersecurity, third-party assurance, contracts -Compliance and internal control audits.
“We were at the forefront of Austin’s booming tech industry and recognized the need to deliver a 360 degree package of solutions as local startups become national players,” said Chris Perkins, Managing Partner at Holtzman. “As a company focused on the future and the needs of customers today and tomorrow, we see the benefit Armanino brings to our current customers and the Austin business community. We’re excited to bring Silicon Valley and Silicon Hills together and give our customers and professionals more opportunities. “
Growing companies can also leverage Armanino’s solid CFO advisory practice, which has experience in business and asset valuation, compensation and performance planning, stock management advice, IPO readiness, SPAC acceleration, M&A advice, revenue recognition and more. In a tense job market, the company’s outsourcing team may employ accounting outsourcing, personnel outsourcing, strategic finance outsourcing, executive search, interim CFOs, and more.
Holtzman’s Chris Perkins Managing Partner will assume the role of market leader in central Texas and continue to lead Armanino’s Austin offices.
“This is a great fit for everyone,” added Perkins. “Armanino shares our values of putting our customers and employees first, and we look forward to providing our team of professionals with new career paths to broaden and deepen their expertise by working with an expanded team of industry experts . “
Armanino’s strong growth is based on the pursuit of advanced solutions, technology focus and specialized know-how. The company has been on Inside Public Accounting’s Best of the Best Managed Firms list for 19 of the last 20 years and is regularly featured on the Best Places-to-Work lists. Armanino is a Certified B Corporation®, which means that the company is committed to not only being the best professional services company in the world, but also the best company in the world by balancing people and purpose with profit.
This transaction is expected to close on January 1, 2022, subject to customary closing conditions.
About Armanino LLP
Armanino LLP (www.armaniollp.com) is one of the 25 largest independent accounting and management consultancies in the country. Armanino provides an integrated suite of accounting, tax, corporate management, consulting, and technology solutions to companies in the United States and around the world. The company helps its customers adapt and change at every stage of business, from starting a business to rapidly growing a business and selling it. Armanino is deeply committed to intelligent technology and is leading a cloud revolution of finance, operations, sales and compliance tools that are transforming the way companies do business. Armanino is an independent member firm of Moore North America Inc. (MNA), which is itself a regional member of Moore Global Network Limited (MGNL), one of the world’s largest accounting and consulting affiliates. All MNA and MGNL affiliates are independent entities owned and managed in each location. Your membership in or association with MNA or MGNL should not be construed as creating or implying a partnership between them. In addition to the core areas of consulting and accounting activities, Armanino operates its AMF Media Group (www.amfmediagroup.com) department, a media and communications service agency. The subsidiary Intersect Capital (www.intersectcapitalllc.com) is an independent financial planning, wealth and lifestyle management company.
Kyle McGuire, AMF Media Group 925.790.2788 kyle@amfmediagroup.com
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