Doeren Mayhew, an accounting practice based in Houston, Texas, US, has acquired TBK CPA, a move it says will double its local growth by 2025.
The acquisition brings nearly 35 employees to Doeren Mayhew, with four people joining the leadership team.
Financial details of the transaction have not been disclosed.
The acquisition is part of Doeren Mayhew’s 2025 growth strategy, focused on expanding its presence while maintaining its core values ​​and vision.
Doeren Mayhew Advisors Houston CEO Chris Masters said: “We enter 2025 with a clear focus on growth that aligns with our values ​​and vision for the future of Doeren Mayhew.
“TBK not only strengthens our presence in the Houston market, but combines our commitment to exceptional customer service and a people-first culture. Their reputation for providing customized solutions for clients and fostering a collaborative environment reflects ours, and I look forward to seeing what we will accomplish together.”
Founded in 2014, TBK is a Houston-based tax accounting firm providing comprehensive tax services to high net worth individuals and private companies.
Its client base primarily includes those in the healthcare, real estate, oil and gas, professional services, and construction industries.
This acquisition will integrate TBK’s local expertise and relationships into Doeren Mayhew’s operations.
Following the acquisition, all former TBK partners will join Doeren Mayhew’s leadership group as fiscal directors.
The new fiscal directors include John Blackmon, Kristi Gibb, Nick Kabani and Colin Taylor.
Additionally, Chuck Fiorello, previously a partner at TBK, will assume the role of director within the firm.
A joint statement from TBK’s leadership group said: “We are incredibly proud of the company we have built over the past decade. As we reflect on our growth, our leadership team took a hard look at the best path forward to continue meeting the changing needs of our customers while creating even greater opportunities for our employees.
“Doeren Mayhew gives us access to a wealth of resources that we know will help strengthen relationships with our clients and expand our ability to advise them on all aspects of their business.”
The acquisition of TBK is the latest in a series of recent expansions by Doeren Mayhew.
Last month, the company increased its presence in West Michigan by acquiring Novotny CPA Group, a full-service accounting practice with more than 40 years of experience.
Additionally, Doeren Mayhew acquired McMurray, Fox & Associates (McMurray Fox) in November.