Somerset CPAs PC, a Regional Leader firm, has expanded its presence in its home base of Indianapolis, by merging in Merrill Thoman LLP.

Merrill Thoman has been in the Indianapolis area for over 20 years and Somerset for more than 55 years. Joining with Somerset will provide more specialized services to Merrill Thoman clients. The firm will relocate to Somerset CPAs’ offices.

Financial terms of the deal were not disclosed. Somerset CPAs ranked No. 16 on Accounting Today’s 2019 Regional Leaders list of the Top Firms in the Great Lakes region, with $37.24 million in annual revenue. As part of the deal, Somerset is adding two partners to the firm, bringing its total number of partners to 37 and employees to 225.

In January, Somerset CPAs merged in another firm in Indiana, Jongleux CPA Group.