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FinanceDoeren Mayhew acquires Houston CPA practice Sowers & Company
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US-based tax and advisory firm Doeren Mayhew has acquired Houston CPA practice Sowers & Company for an undisclosed sum. The deal expands Doeren Mayhew's tax and outsourced accounting capabilities in Houston. Sowers & Company, founded about 20 years ago by Jason Sowers with shareholder Erin Fowler, serves high-net-worth individuals and small to mid-sized businesses. As part of the transaction, Sowers and Fowler will join Doeren Mayhew's leadership team in principal roles, and all employees have moved to Doeren Mayhew's Houston office. The acquisition is part of Doeren Mayhew's accelerated growth in Houston, where it has integrated five practices in the past year, increasing headcount by 58% to nearly 220 employees. The firm also recently purchased Griffin Global Technologies to broaden its technology and AI capabilities.
Source report
US-based tax and advisory firm Doeren Mayhew has acquired Houston-based CPA practice Sowers & Company for an undisclosed sum.
The acquisition strengthens Doeren Mayhew’s tax and outsourced accounting capabilities in the Houston market, according to a company statement.
About Sowers & Company
Founded approximately two decades ago by Jason Sowers, the firm was built with the support of shareholder Erin Fowler. Sowers & Company specializes in tax, advisory, and accounting services for high-net-worth individuals and small to mid-sized businesses (SMBs) in the Houston area.
Transaction Details
- Jason Sowers and Erin Fowler will join Doeren Mayhew’s leadership team in principal roles.
- All Sowers & Company employees have transitioned to Doeren Mayhew and are now based in its Houston office.
Commentary
Jason Sowers, founder and president of Sowers & Company, said:
"We are delighted to join Doeren Mayhew and bring added resources to our clients and employees. Our goal was to find the right firm to help us evolve with the industry. Doeren Mayhew's suite of services enables us to strengthen our client relationships, bring additional technical resources to the table and further develop our team so they can continue to excel in their careers."
Growth Momentum in Houston
The acquisition comes during a period of accelerated expansion for Doeren Mayhew in Houston. Over the past 12 months, the company has integrated five practices into its local office, increasing headcount by 58% to nearly 220 employees.
Doeren Mayhew also recently announced the purchase of Griffin Global Technologies, a move that expands its technology and artificial intelligence capabilities.
Chris Masters, managing principal of Doeren Mayhew Advisors Houston, said:
"Our Houston office has gained strong momentum in the market over the past year, and Sowers & Company aligns well with our continued strategic growth efforts. Jason and Erin have built a respected tax and accounting practice with strong technical expertise, including an emphasis on estate planning. Their back-office accounting services will also complement our firm nicely."
This article was originally created and published by International Accounting Bulletin, a GlobalData-owned brand.
Source
Yahoo FinanceWestern
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Doeren Mayhew acquires Houston CPA practice Sowers & Company