Bennett Thrasher Expands Denver Presence with 30 New Hires
Deal News | Dec 11, 2024 | EIN
Two Atlanta-based accounting firms, Bennett Thrasher and Aprio, are actively expanding their operations in Denver through strategic hiring and acquisitions. Bennett Thrasher, having announced its Denver office in the summer of 2023, now employs 35 staff and plans to hire an additional 30 by the end of 2025, according to Richard Bartolanzo, partner-in-charge of the Denver office. Aprio, meanwhile, has been expanding its Denver footprint more aggressively through acquisitions. It acquired Greenwood Village-based Gomerdinger & Associates LLC in July 2023, and has further strengthened its presence in the region with the recent acquisitions of Pontiff + Associates P.C. and Elite Tax & Accounting LLC, adding 20 more professionals to its team. Despite Bennett Thrasher's current reliance on organic growth and hiring due to cultural preferences, both firms view their expansion into Denver as a strategic decision aimed at addressing service gaps in the middle market. Denver and Dallas have been identified as key areas of opportunity for accounting services catering to larger clients.
Sectors
- Accounting
- Corporate Finance
Geography
- United States – The geographic focus is on the expansion of firms in the Denver, Colorado market by Atlanta-based companies.
Industry
- Accounting – The article discusses the expansion and acquisition strategies of accounting firms in the Denver market.
- Corporate Finance – Both Bennett Thrasher and Aprio are involved in audit, tax and advisory services, which are essential components of corporate finance.
Financials
- – The article does not specify financial details such as acquisition costs or revenue figures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bennett Thrasher | Expanding Firm | Company | An Atlanta-based accounting firm expanding its operations in Denver through hiring. |
| Richard Bartolanzo | Partner-in-charge for Denver office | Person | Overseeing Bennett Thrasher's expansion and operations in Denver. |
| Aprio | Expanding Firm | Company | An Atlanta-based accounting firm growing its Denver operations through acquisitions. |
| Gomerdinger & Associates LLC | Acquired Firm | Company | Acquired by Aprio as part of its Denver expansion. |
| Pontiff + Associates P.C. | Acquired Firm | Company | A Littleton-based firm acquired by Aprio, specializing in tax planning and litigation support. |
| Elite Tax & Accounting LLC | Acquired Firm | Company | A Westminster-based firm acquired by Aprio, providing IRS and state tax resolution services. |