M&A roundup: UHY, Wheeler and CCGCPAS expand – Accounting Today
Courtesy of UHY Advisors
Details: UHY Advisors, a Top 50 Firm based in Farmington Hills, Michigan, announced combinations Thursday with two different firms: LWBJ, with offices in Des Moines and Ames, Iowa; and TCM Group LLC, based in Salisbury, Maryland, effective Jan. 2022.
The deal will expand UHY into both Iowa and Maryland, while adding three offices. Financial terms of the deals were not disclosed, but LWBJ earned $9 million in annual revenue, while TGM earned $4 million in revenue. UHY’s annual revenue is $200 million. The firm ranked No. 31 on Accounting Today’s 2021 list of the Top 100 Firms.
LWBJ offers audit, accounting, tax, consulting, and mergers and acquisitions services. It has 65 team members, 10 of whom will be joining UHY as partners. They will become part of UHY’s growing Midwest region, which has 200 professionals in St. Louis, Kansas City and Houston.
TGM will join UHY’s Mid-Atlantic region based in Columbia, Maryland. TGM has 35 professionals, five of whom will be joining UHY as partners. The firm specializes in construction, government and not-for-profit clients.
UHY has 25 offices and more than 1,200 team members. UHY expanded into Kansas City, Missouri, in November by merging in
. Last February, it expanded its presence in Ann Arbor, Michigan, by adding
. In early 2020, prior to the pandemic, UHY acquired
in Port Huron. More mergers for UHY are expected in 2022.
“UHY is thrilled to welcome LWBJ and TGM to our growing and entrepreneurial family,” says UHY US CEO Steve McCarty in a statement. “UHY’s strategic plan includes continued expansion within our existing markets as well as targeted new markets throughout the country.”
