The combination will give Eide Bailly its first office in Seattle and add six partners and 33 staff to the firm. Financial terms of the deal were not disclosed. Eide Bailly ranked No. 19 on Accounting Today’s 2023 list of the Top 100 Firms, with $532.8 million in annual revenue. The firm has over 350 partners and nearly 3,000 employees.
“King & Oliason’s workplace culture alignment, coupled with their longstanding commitment to delivering exceptional client service, positions them as an outstanding addition to Eide Bailly,” said Eide Bailly managing partner and CEO Jeremy Hauk in a statement Monday. “I am so impressed with their leadership, discipline and cultural values. We welcome the King & Oliason team into the Eide Bailly family and eagerly anticipate the remarkable achievements we can accomplish together.”
King & Oliason sees advantages in the combination as well. “Their innovative workplace culture and unwavering commitment to professional development will enable us to attract and retain the most talented individuals in the field,” said King & Oliason managing partner Norma Oliason in a press release.
“By joining Eide Bailly, we can provide our clients expanded advisory services and industry-leading thought leadership to help provide the essential tools needed to achieve their goals,” added Rick Starkenburg, a partner at King & Oliason, in a statement.
Leaders of the two firms were brought together by Private Practice Transitions. “It was clear from the first introduction that there is a significant culture alignment with this combination,” said owner Justin Farmer in a statement.
Last year, Eide Bailly merged in Seim Johnson, a firm in Omaha, Nebraska. In 2021, the firm expanded in Minnesota by adding PWB CPAs & Advisors, a firm based in the Minneapolis-St. Paul area. In 2020, it added Mukai, Greenlee & Co. in Phoenix, HMWC CPAs in Tustin, California, and Platinum Consulting in Fullerton. In January of this year, Noble Consulting Services, a subsidiary of the accounting firm Katz Sapper & Miller, acquired Eide Bailly’s insurance regulatory practice.