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Doeren Mayhew, a certified public accounting and advisory firm with locations in Michigan, Texas and Florida, has moved up the rankings from 67th to 61st among the top 100 accounting, tax and business consulting firms in the United States according to Accounting Today.
Rankings for the publication’s 2014 “Top 100 CPA Firms” report were based on annual revenue size. Recognized as a “pacesetter for growth” in the publication, Doeren Mayhew grew nearly 17 percent in revenue since the last survey was completed. In addition to normal organic growth, the firm attributes these results to its late-2012 merger with Houston-based MFR, P.C. and increased revenue in its merger and acquisition practice. Named the nation’s number one M&A firm by INSIDE Public Accounting, Doeren Mayhew was the leader in M&A deals as a percentage of overall revenue this past year.
Accounting Today’s survey revealed that things are tracking positively within the industry after seeing a third year of growth around 8 percent. Driving growth in leading firms was the demand for international tax, state and local tax, business valuation, and merger and acquisition work. Also adding value was the niche industry specialization work, especially in manufacturing and construction, which gained 9 and 14 percentage points over last year, respectively. With the continued increase in work across service and client categories, many firms have shifted focus to personnel recruiting efforts to remain competitive in the market and augment staff with qualified professionals.
“It is an honor to continue to be ranked among the nation’s top accounting firms,” said Doeren Mayhew’s Managing Shareholder Mark Crawford. “This past year was a record one resulting in double-digit growth for Doeren Mayhew. Much like many other leading firms, we attribute this to our enhanced resources and increased work in areas such as manufacturing, construction, mergers and acquisitions and international tax. We look forward to what the future holds not only for our firm, but our clients as well, as they continue to see an uptick in growth, too.”
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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