Details: Williams-Keepers LLC, a firm based in Columbia, Missouri, has acquired Mid-Missouri Accounting Services.
MMA plans to continue operating at its current office in Mexico, Missouri until around the end of August and relocate to WK’s Columbia office.
Financial terms of the deal were not disclosed. Williams-Keepers ranked 22nd on Accounting Today’s Regional Leaders list of the Top Firms in the Midwest, with $16.39 million in annual revenue.
“This is a tremendous opportunity for both companies and, most important, the clients we serve,” said WK chairman Jeff Echelmeier in a statement last week. “Mid-Missouri Accounting has a great reputation for serving its clients extremely well, and its values and mission align very closely with what WK has identified as our core values. The combined talents of our companies add to our long-standing ability to provide businesses and organizations with a full suite of accounting, consulting and compliance services.”
MMA was founded in 1989 by co-owner Mark Thoenen and offers accounting, tax, payroll and bookkeeping services for independent grocers throughout Missouri, along with other small business and individual clients. Most members of MMA’s current six-person staff are expected to transition to WK in full-time roles, including co-owner Stephen Thoenen.
“I am pleased and confident that our clients will continue to be served at the highest levels of quality as Mid-Missouri Accounting makes the transition to Williams-Keepers LLC,” said Mark Thoenen in a statement. He plans to work part-time temporarily as part of the transition.
“Our commitment has always been to provide the best service possible at affordable rates while maintaining the personal attention that our clients deserve,” he added. “I am proud of everything MMA has accomplished over the past 31 years, and I am happy that members of our team will continue to serve our clients and embrace the opportunities for growth and professional development provided by WK.”
Controller services is one of the fastest-growing services for WK. With the addition of MMA, WK’s Controller Services Department will include eight dedicated professionals and several other full- and part-time associates who provide a full-suite of outsourced accounting services to clients in a variety of industries.
“As technology evolves and creates new efficiencies, the market for outsourced accounting services continues to grow,” said WK tax/controller services member owner John Weaver in a statement. “Businesses and organizations often find that outsourcing basic accounting functions to a qualified, reputable accounting firm can provide them with more accurate, timely financial data that can be used to more effectively manage their day-to-day activities and facilitate better long- and short-term financial planning strategies. Most important, these services can be offered in a way that represents a significant cost savings when compared with recruiting, hiring and maintaining a qualified internal accounting staff.”
“Whether our services represent a few simple tasks or a complete menu of services, we believe our clients recognize great benefits from working with WK’s Controller Services team.”
Originally formed in 1923 as the “Columbia Accounting Company,” WK is locally owned by 15 member owners and employs approximately 110 total associates, including 56 CPAs, in its Columbia and Jefferson City offices. The firm provides accounting, tax and audit services and specialty consulting services for individuals and businesses as well as organizations that represent more than 10 industries.