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CPA firm Doeren Mayhew has moved up from the 61st to the 58th spot on Accounting Today’s top 100 list of accounting, tax and business consulting firms in the United States.
Rankings for the 2015 list were based on the annual revenue of the nation’s leading firms. Also recognized as a “pacesetter for growth” as one of the nation’s fastest growing firms, Doeren Mayhew has grown nearly 15 percent in revenue to more than $60 million since last year’s survey was completed. Contributing to this growth is the continuous uptick in merger and acquisition activity within the firm’s client base, which helped drive the introduction of its 2014 investment bank spinoff, Doeren Mayhew Capital Advisors.
According to Accounting Today, top 100 CPA firms saw a 9 percent increase in overall growth this past year. Mergers played a major role, as did strong development strategies and pursuit of new business opportunities. Topping the list of growth drivers were attest, and mergers and acquisitions services. With revenues on the upswing for most firms, the report revealed a shift in focus to recruiting and retention, which continues to be a challenge for the industry.
In addition to spinning off its investment bank, Doeren Mayhew strategically pursued new business in 2014 through the addition of its recruiting arm, DoerenSource, and re-entry into the insurance sector with Doeren Mayhew Insurance Group.
“Doeren Mayhew is always honored to be recognized amongst the nation’s leading accounting firms,” said Managing Shareholder Mark Crawford. “Continuously aiming to go beyond traditional accounting for our clients, the expansion of our service lines last year to include unique industry offerings has helped us do just that. We are excited to see what 2015 holds for us and the businesses we serve.”
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