M&A roundup: M&J, Sax expand

Accounting
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Mauldin & Jenkins office in Bradenton, Florida

Details: Mauldin & Jenkins, a Top 100 Firm based in Atlanta, is merging in KRT CPAs P.C., a firm in Savannah, Georgia, effective Sept. 1.

KRT dates back to 1925. As part of the deal, KRT partners Frank Slotin, Andrew Brodmann and Daniel Mahfet will join M&J.

“We are delighted to have the opportunity to become a part of Mauldin & Jenkins because of our long-established and very positive relationship with the firm,” said KRT managing partner Frank Slotin in a statement Monday. “We have known Mauldin & Jenkins since the merger of our governmental practice division in 2018 and have experienced firsthand their dedication to client service and investment in their people.”

KRT will remain in its current location. Financial terms of the deal were not disclosed. Mauldin & Jenkins ranked No. 77 on Accounting Today‘s 2022 list of the Top 100 Firms, with $64.3 million in annual revenue. The firm, which was founded in 1918, has over 50 partners. After the merger, the combined firm will have approximately 450 employees.

“Expanding our services in the greater Low Country is an incredible opportunity, and to be able to do so with the first-rate professionals of KRT allows clients of both firms to benefit from greater convenience and combined service capabilities,” said M&J managing partner Hanson Borders in a statement. 

In June, Mauldin & Jenkins acquired Holland Shipes Pennix in Atlanta. Last year, M&J expanded in Alabama by adding CDPA PC, a firm with offices in Athens, Florence and Huntsville. In September 2020, M&J expanded to Sarasota, Florida, by acquiring Plush Smith. It acquired another firm in Florida, Jon Campbell & Associates, in 2019.

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