Mayer Hoffman McCann P.C. (MHM) today announced that it has signed a definitive agreement to acquire the attest practice of Somerset CPAs and Advisors (Somerset), a leading accounting service provider based in Indianapolis, IN, with a closing effective February 1, 2023.
With over 60 years of experience, Somerset is a leading full-service accounting firm providing accounting, tax, and consulting services to public and private businesses. With more than 250 associates, they are ranked as one of the Top 100 accounting firms in the nation. With this acquisition, clients receiving audit and attest services by Somerset will now have them provided under the MHM name. The tax and consulting work will be performed by CBIZ, a national business service provider that has a strategic association with MHM. Working together, MHM and CBIZ are ranked among the largest accounting service providers in the country, as ranked by Accounting Today.
Andrew Gragnani, MHM President stated, "We are thrilled to have the Somerset team join our growing attest practice. As one of the largest accounting and consulting firms in the Midwest, we look forward to enhancing practice areas that currently align and serving the needs of their existing clients under the MHM name and also expanding into new areas where we have existing strengths. Somerset’s strong reputation, longstanding relationships, and active presence in the Midwest, combined with our national resources, strengthens our service commitment across the United States.”
Published on February 06, 2023 © Copyright CBIZ, Inc. and CBIZ CPAs P.C. (together, “CBIZ”). All rights reserved. Use of the material contained herein without the express written consent of the firms is prohibited by law. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.
CBIZ is the brand name for CBIZ CPAs P.C. and CBIZ Advisors, LLC (together), a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of growth-oriented companies. CBIZ Advisors, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ). CBIZ CPAs P.C. is an independent CPA firm that provides audit, review and attest services, and works closely with CBIZ, a business consulting, tax and financial services provider. CBIZ and CBIZ CPAs P.C. are members of Kreston Global, a global network of independent accounting firms. This publication is protected by U.S. and international copyright laws and treaties. Material contained in this publication is informational and promotional in nature and not intended to be specific financial, tax or consulting advice. Readers are advised to seek professional consultation regarding circumstances affecting their organization.