MHM Continues Growth with Acquisition of Indianapolis Based Somerset
Mayer Hoffman McCann P.C. (MHM) today announced that it has signed a definitive agreement to acquire the attest practice of Somerset CPAs and Advisors (Somerset), a leading accounting service provider based in Indianapolis, IN, with a closing effective February 1, 2023.
With over 60 years of experience, Somerset is a leading full-service accounting firm providing accounting, tax, and consulting services to public and private businesses. With more than 250 associates, they are ranked as one of the Top 100 accounting firms in the nation. With this acquisition, clients receiving audit and attest services by Somerset will now have them provided under the MHM name. The tax and consulting work will be performed by CBIZ, a national business service provider that has a strategic association with MHM. Working together, MHM and CBIZ are ranked among the largest accounting service providers in the country, as ranked by Accounting Today.
Andrew Gragnani, MHM President stated, "We are thrilled to have the Somerset team join our growing attest practice. As one of the largest accounting and consulting firms in the Midwest, we look forward to enhancing practice areas that currently align and serving the needs of their existing clients under the MHM name and also expanding into new areas where we have existing strengths. Somerset’s strong reputation, longstanding relationships, and active presence in the Midwest, combined with our national resources, strengthens our service commitment across the United States.” Published on February 06, 2023