Moss Adams LLP, one of the largest accounting and business consulting firms in the nation, today announced it has agreed to combine with Dallas, Texas–based firm CF Accountants & Consultants. Effective June 30, 2016, the combination further strengthens the resources of Moss Adams in Dallas, one of the fastest-growing markets in the United States. The combination will increase the firm’s capabilities to serve the financial services industry, especially broker-dealers and hedge funds, as well as real estate clients and high net worth individuals.
“This combination with CF positions us well to meet the growing needs of our local client base and creates an excellent platform for our continued expansion in the Dallas market,” said Clay Sturgis, partner in charge of the Dallas and Austin offices at Moss Adams. “CF Accountants & Consultants has a 60-year history serving clients in the region, and we look forward to welcoming its talented professionals to Moss Adams.”
Established in 1956, CF Accountants & Consultants provides audit, tax, accounting, business valuation and business advisory services to clients in a variety of industries, including real estate, construction and financial services. The combination will continue to build the Moss Adams office in Dallas, which has resources in these areas along with strong capabilities in the technology, communications and media industries, among others.
“This combination with Moss Adams felt like a natural step in the growth strategy of our firm,” said Bret Robertson, managing partner of CF Accountants & Consultants. “Our firms have similar company cultures, business ideals and long-term goals, and we couldn’t ask for a better partner to carry us into the future. Our clients will benefit from the expanded resources and opportunities available to them from a firm the caliber of Moss Adams.”
In June, 57 CF Accountants & Consultants professionals, including seven partners, will officially begin working as part of Moss Adams. The combined group will occupy CF’s current office space. The addition of these employees grows the Moss Adams Dallas presence to nearly 90 professionals.
“Over the last 18 months, we’ve worked hard to round out our tax, assurance and consulting capabilities, more than doubling our head count in Dallas,” Sturgis said.
This combination is the latest outcome of a focus on growth in Texas and California for Moss Adams. The firm entered the Texas market in January 2015 through a combination with a local telecom consulting practice, which included six professionals in Dallas, and has steadily increased its service offerings in the area by adding 27 local hires and intercompany transfers. Additionally, Moss Adams announced the establishment of a Fresno, California, location earlier this month, expanding the firm’s presence in the region and further bolstering its expertise in food and agriculture, manufacturing and real estate.