Schneider Downs & Co. Inc to Merge BKR Longanbach Giusti, LLC into its Columbus Office
Release from Schneider Downs
Columbus, OHIO?Columbus and Pittsburgh-based Schneider Downs & Co., Inc. is merging with BKR Longanbach Giusti, LLC, a 26-year-old accounting firm based in Columbus.
The transaction, expected to be completed after due diligence in August, will expand Schneider Downs? Columbus office with the addition of 22 professionals, including five shareholders. The combined group will be known as Schneider Downs and will be collectively relocated to new Columbus offices in the near future. The merger ratchets Schneider Downs up the ranks of the city?s largest accounting firms?it now places 9th but could easily crack the top 6 post-merger?and poises the firm for additional growth. Financial terms of the deal will not be disclosed.
?Further expansion into Central Ohio and the tri-state area in general will be an early priority for our combined firm,? said Shareholder Doug Mayr. ?BKR Longanbach Giusti?s commitment to high-quality service fits well with Schneider Downs? standard of first-rate resources, systems and personnel.? The decision to merge with BKR Longanbach Giusti will allow the combined firms, operating as Schneider Downs, to expand their service to current clients.
BKR Longanbach Giusti, LLC predicts similar benefits for its existing client base. ?Joining with Schneider Downs will mean more resources for our professionals and improved service overall for our clients,? said Partner Neal Longanbach.
According to Schneider Downs? CEO Ray W. Buehler, the decision to merge with BKR Longanbach Giusti, LLC was a well-researched one. ?This merger enhances our ability to meet the firm?s strategic growth objectives,? he said. ?We?ve discussed the possibility of a merger for years, carefully considering our options. Partnering with BKR Longanbach Giusti, LLC is the best way to improve client service and serve a wider range of clients.?
Founded in Pittsburgh in 1956, Schneider Downs opened its Columbus office in 1989 and has since established itself as a major player in the area?s business community, with a reputation of delivering individualized planning to meet clients? specific needs. As one of the largest regional certified public accounting and business advisory firms in Central Ohio and Western Pennsylvania, Schneider Downs is dedicated to growing the business strength of these regions.
Within its Columbus and Pittsburgh offices, Schneider Downs currently has over 250 personnel, including 22 shareholders, servicing private and publicly traded companies as well as nonprofit entities. Schneider Downs is the 48th-largest public accounting firm in the United States and offers 75 services from five business units: Assurance and Tax Advisors; Business Advisors; Technology Advisors; Wealth Management Advisors and Corporate Finance Advisors. Schneider Downs serves its clients? international needs through its active membership in IGAF Worldwide. IGAF Worldwide offers complete access to an international network of local and regional firms that provide quality accounting, tax and consulting expertise.
