Doeren Mayhew, a Top 100 Firm based in Troy, Michigan, has acquired Darlene Plumly CPA, growing the firm’s footprint in the Houston market.
The acquired firm and its employees will begin operating under the Doeren Mayhew name effective immediately. Financial terms of the deal were not disclosed. Doeren Mayhew ranked No. 59 on Accounting Today’s 2021 list of the Top 100 Firms, with $83 million in annual revenue. The firm’s Houston location earned $16.8 million in revenue and the Plumly firm is expected to contribute an additional $2.7 million.
Doeren Mayhew has 10 Houston shareholders and 80 employees. The firm has a total of over 60 shareholders and more than 350 employees. Plumly has nine employees who are all now Doeren Mayhew employees, but no one transitioned over to a shareholder role.
“We are thrilled to have the Darlene Plumly team join us as we continue to expand our reach and service capabilities in the Houston market,” said Chris Masters, Houston managing shareholder at Doeren Mayhew, in a statement Wednesday. “Our firm has been fortunate to sustain and build throughout the pandemic, and what has helped attribute to this is the commitment and quality of service our team has upheld. Darlene has built a firm that perfectly aligns with our approach, and I’m confident this acquisition will support our growth initiatives to continue being recognized as a leading Houston CPA firm.”
Plumly founded her CPA firm in 2003 and built a tax and consulting practice targeted at high-net-worth individuals and closely held businesses, including corporations, S corporations, partnerships, trusts and estates, and individuals. She plans to work closely with Doeren Mayhew to continue serving her clients.
“I opened my practice with the goal of providing tailored services to family-owned businesses,” Plumly said in a statement. “My vision has been to help them successfully meet their overall goals and objectives. Doeren Mayhew brings like-minded business values, plus extensive knowledge and service capabilities. I am certain this will help ensure the future success of our clients.”