Doeren Mayhew Acquires Nearman, Maynard, Vallez, CPAs, P.A.; Becomes No. 1 U.S. Credit Union Auditing Firm

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TROY, MICH. – June 3, 2024 – Doeren Mayhew, a national CPA and advisory firm, has announced it has acquired credit union CPA firm Nearman, Maynard, Vallez, CPAs, P.A., positioning the firm to be the No. 1 credit union auditing firm in the nation.

Founded in 1979, Nearman, Maynard, Vallez, CPAs, P.A. has exclusively served the credit union industry providing audit and consulting services to more than 170 credit unions across the nation. Its prominent stance in the industry has allowed the firm to continually rank in the No. 3 spot on the annual Supplier Market Share Guide: Credit Union Auditors publication made available by Callahan & Associates. 

“This acquisition marks another significant milestone in our firm’s growth strategy and further solidifies our commitment to the credit union industry,” said Chad Anschuetz, managing shareholder and chairman at Doeren Mayhew. “We’re always looking for additional capabilities to support this growing niche and broaden our national footprint. We look forward to partnering with a firm whose commitment to the credit union industry is as unparalleled as ours.”

Doeren Mayhew has an extensive Financial Institutions Group practice providing a range of audit, internal audit, accounting, regulatory compliance, lending review, tax and merger advisory services to hundreds of credit unions nationwide ranging in size up to nearly $22 billion in assets.

This acquisition positions Doeren Mayhew to outpace the competition and secure the No. 1 spot as the leading credit union auditor in the United States, with more than 375 annual audit clients, 500 total credit union clients and 150 professionals dedicated to serving the industry. The practice now accounts for nearly $31 million in annual revenue.

“Joining forces with Doeren Mayhew is a significant step forward for our team,” said Chris Vallez, the managing  partner at Nearman, Maynard, Vallez, CPAs, P.A. “Doeren Mayhew has an excellent reputation in the market, and we feel this provides us a unique opportunity to give our clients access to a broader offering of services, while allowing our employees to benefit from additional professional growth opportunities of a larger firm.”

Nearman, Maynard, Vallez, CPAs, P.A. will begin operating under the Doeren Mayhew name effective immediately. The firm’s four partners, Chris Vallez, Jennifer Hoskins, Ellen Vargo and Lynn Franzosa, will join the Financial Institutions Group leadership team, and bring along their employees. The Georgia employees will remain in their current office, while the others are slated to operate out of Doeren Mayhew’s Miami office.

“We are excited to welcome the Nearman, Maynard, Vallez team to Doeren Mayhew,” said John Murnane, practice leader of Doeren Mayhew’s Financial Institutions Group. “Both of our firms have a longstanding commitment to the credit union industry, crossing paths many times over the years. Combining our collective talents will change the accounting landscape in the industry, and create a practice best equipped with the added value and experience to meet the evolving needs of our credit union clients.”

Over the past decade, Doeren Mayhew has experienced exciting double-digit growth, both organically and via acquisitions. Most recently, the firm expanded its Financial Institutions Group with the acquisition of Garcia & Ortiz, P.A.’s SBA consulting practice. This transaction with Nearman, Maynard, Vallez, CPAs, P.A. is expected to propel the firm’s overall ranking to be in the top 50 largest firms in the nation with more than $160 million in revenue and a team of 675 professionals. Doeren Mayhew has also been recognized as one of the nation’s ‘Best of the Best’ CPA firms by INSIDE Public Accounting, among other national and regional recognitions.

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