Top 100 Firm Carr Riggs & Ingram LLC has merged in South Florida accounting firm Proctor, Crook, Crowder & Fogal.
Proctor Crook has offices in Martin, Palm Beach and St. Lucie Counties, all of which will now operate under the CRI name.
Financial terms of the deal were not disclosed.
Photo: Carr, Riggs & Ingram
Founded in 1974, Proctor Crook offers accounting, auditing, wealth management, and business valuation services; with CRI, it expects to add a range of complementary specialty services, such as cost segregation studies and risk assessment, as well as investment banking and wealth management, and IT audit specialty services.
“Our existing concentration of clients in Florida is greatly bolstered by this exciting merger, which serves as our entrée into the southern part of the state,” said CRI chairman and managing partner William Carr in a statement. “We look forward to increasing this presence in the South Florida market throughout the next several years.”
Allan Koltin, chief executive officer of Koltin Consulting Group, who advised both firms on the merger, commented, “CRI quickly figured out that accounting and consulting firms are really ‘people businesses,’ and the firm excels in attracting and retaining top talent. Combine that with the incredible success they have had with merging high-performing firms, and it becomes apparent why they are the country’s fastest-growing first-generation firm in the Top 100. Proctor, Crook, Crowder & Fogal was approached by other regional and national firms, but their team fell in love with the CRI culture and client service philosophy. Additionally, they are excited about the CRI talent and resources that already exist in the greater Florida market.”
CRI, based in Enterprise, Ala., ranked No. 21 on Accounting Today’s 2016 list of the Top 100 Firms, with $195.14 million in annual revenue. Just a month ago it expanded in Tennessee by acquiring Rayburn Fitzgerald. (See “Carr Riggs Ingram merges in Rayburn Fitzgerald.”)
Daniel Hood is editor-in-chief of Accounting Today and Tax Pro Today, and has covered the tax and accounting field for over 20 years.