August 5, 2010 in Business

Midwest accounting firm buying LeMaster Daniels

By The Spokesman-Review
 

LarsonAllen LLP, a large Midwest-based accounting firm, is buying the assets of Spokane’s LeMaster Daniels PLLC, the companies said today. No terms of the deal have been disclosed.

LarsonAllen has been ranked a top 20 accounting firm by the Public Accounting Report. It has nearly 1,500 employees with locations in 10 states and in Washington, D.C.

LeMaster Daniels, with 12 offices in Washington and Idaho and roughly 300 employees, is also listed among the 100 top accounting firms in the country.

LarsonAllen and LeMaster Daniels have done business before, and that association launched the discussions that led to the purchase, said Janey Kiryluik, a spokeswoman for LarsonAllen.

The Spokane accounting firm was an attractive acquisition since LarsonAllen has no offices in the Pacific Northwest, she said.

LeMaster Daniels, based in downtown Spokane, was started in Spokane in 1908. It has about 80 workers at its downtown Spokane office.

A press released noted that the acquisition will have no direct effect on the operations or size of LeMaster Daniels.

Both firms have a range of similar practice areas, including financial services, healthcare, construction and professional services.

Kiryluik said the purchase of LeMaster Daniels is the largest acquisition the privately held Minneapolis firm has undertaken.


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