Springfield accounting firms to merge

Springfield accounting firms KPM CPAs PC and Hlavacek Morris McIntyre Yates & Danielson PC signed a deal to merge next month.

The second merger of the year for KPM - it increases its staff by over 30 percent including the January deal with Davis, Lynn & Moots - the combined firms would employ over 100 and work out of KPM's newly constructed building at Republic Road and Fremont Avenue in mid-November, according to a news release.

“Jay McIntyre and I have shared ideas about merging for more than 10 years, and I am happy to finally see it come to fruition," said Jim Lewis, KPM managing shareholder, in the release. "The merger with HMMYD further strengthens our wealth planning, business valuation and payroll practices in addition to expanding our financial institution niche to add credit unions."

The 37-year-old HMMYD will merge into KPM, the second-largest accounting firm in Springfield, the release said.

"Although we have enjoyed great success as a small firm, merging with KPM will allow us a greater presence in recruiting young talent, increased access to technology, and added resources to support ever‐changing compliance issues," said McIntyre, managing shareholder at HMMYD, in the release. "This merger also enables us to expand our existing full‐time focus on wealth management, an integral part of both practices."[[In-content Ad]]