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CPA firms Clifton Gunderson, Milwaukee, and LarsonAllen LLP, Minneapolis, plans to merge Jan. 2, pending approval. The new firm will be named CliftonLarsonAllen.
Both firms are ranked among the top-10 accounting and consulting firms in the country. The new firm will have more than $550 million in combined revenue, employ more than 3,600 professionals, including 500-plus partners, and will operate from 25 states and Washington, D.C.
The firm will specialize in nonprofits, health care, financial institutions, government, manufacturing and distribution, construction, real estate, agribusiness, dealerships, employee benefit plans, and other industries.
CLA says it will be among the top-three wealth management practices in the country, with nearly $3 billion in assets under management. The new firm will be built around a holding company and three entities: CLA LLP, CLA Wealth Advisory, and CLA Outsourcing. Clifton Gunderson CEO Kris McMasters and Gordy Viere, CEO of LarsonAllen, will continue as chief executives. Viere will oversee the CLA holding company, the wealth advisory practice, and the outsourcing practice, and McMasters will oversee CLA LLP, the public accounting practice.