Gainesville's Davis, Monk & Co. merges with larger firm
Published: Monday, February 1, 2010 at 2:50 p.m.
Last Modified: Monday, February 1, 2010 at 2:50 p.m.
Longtime Gainesville accounting firm Davis, Monk & Company has merged with Carr, Riggs & Ingram, one of the largest accounting firms in the Southeast, the companies announced Monday.
The deal will give the local firm access to accounting expertise in new specialty areas such as financial institutions, insurance and health services, said Harold Monk, managing partner of Davis, Monk.
CRI gets Davis, Monk's expertise in governmental services - nearly doubling its current government practice - and nonprofits, as well as emerging technologies, family businesses, construction, professional services and hospitality companies.
Monk and Jody Davis founded the company in Gainesville in 1977 and opened offices in Palatka and St. Augustine. While Davis, Monk takes the CRI name, its 60 employees will remain.The deal is a straight merger with no cash value, said CRI Brand Manager BriCQ -Anthony Clark 2/1/10 2:10 PM Brown.
CRI, based in Enterprise, Ala., is the fourth largest accounting firm in the Southeast and 34th nationally, according to Accounting Today. It has more than 600 employees in 20 offices in Alabama, Florida, Georgia, Mississippi, Louisiana and Tennessee.
Monk said the accounting industry is seeing a lot of consolidations so firms can serve clients of all size.
"At the same time, the heart of our office is still small businesses and individuals," he said.
Anthony Clark is business editor at the Sun. He can be reached at firstname.lastname@example.org or 352-374-5094.