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Chicago Accountancy Firm Continues Buying Spree

Harriet Davies Editor - Family Wealth Report 19 December 2011

Chicago Accountancy Firm Continues Buying Spree

Chicago-based Porte Brown, which provides tax and wealth management services among others, has acquired Meador Stratton, creating a presence for itself in Indiana. No financial details of the deal were disclosed.

Meador Stratton partners Ralph Meador and Louis Stratton, as well as the firm’s other employees, joined Porte Brown this month.

Porte Brown has doubled in size over the past five years through the acquisition of seven firms, with three acquisitions this year, according to its statement. The latest deal has brought the number of employees at the firm to 75.

“We are pleased and excited to join forces with a firm such as Meador Stratton,” said Bruce Jones, managing partner of Porte Brown. “They are a natural fit with our firm’s philosophy and exactly the type of firm we have been looking to acquire as we continue to grow and expand our practice.”

The firms which were acquired earlier in the year are Fleming & Co, with offices in McHenry, Elk Grove Village and Downtown Chicago, and G Ross & Associates, also of Chicago. At the time, Jones said Porte Brown was “aggressively looking to acquire other accounting and tax firms of all sizes as well as wealth management firms."

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