Accounting & Tax Acquisitions in Indiana

GTM (Global Tax Management) acquired the state income and franchise tax practice from DuCharme, McMillen & Associates (DMA) and entered a strategic alliance with DMA to strengthen direct tax capabilities. The move expands GTM’s income tax service offering and provides DMA’s practice team access to GTM’s broader federal and international income tax resources while enabling continued service to DMA clients.

Carr, Riggs & Ingram (CRI) has acquired CapinCrouse LLP, a nonprofit-focused CPA and consulting firm based in Indianapolis, Indiana, in a transaction effective January 17, 2025. The deal adds 40 partners, 185 professionals and 15 offices to CRI, strengthening its nonprofit and faith-based organization audit and advisory capabilities and expanding its national footprint; financial terms were not disclosed.

Modern Wealth Management has acquired Indianapolis-based Martin James Investment & Tax Management, integrating the tax, accounting and wealth management firm into its national RIA platform. The deal brings roughly 10 employees and about 400 client relationships to Modern Wealth and adds dedicated tax planning and compliance capabilities to the buyer's service offering.

CBIZ, Inc. has acquired American Pension Advisors, Ltd., a retirement plan consulting and administration firm based in Indianapolis, effective July 1, 2023. The deal adds APA's 14 employees and roughly $2.9 million in revenue to CBIZ's Retirement Investment Services practice and strengthens CBIZ's presence in the Indianapolis metro market.

CBIZ, Inc. acquired the non-attest assets of Somerset CPAs and Advisors, adding approximately $55 million of revenue and 250 employees to CBIZ’s business. Concurrently, Mayer Hoffman McCann P.C. (an independent CPA firm that works closely with CBIZ) acquired Somerset’s attest assets; the transaction expands CBIZ’s presence into the Indianapolis market and broadens its service capabilities.

Sikich LLP has signed an asset purchase agreement to acquire the operating assets of Petrow Kane Leemhuis, PC, an Indianapolis-based public accounting firm. The move expands Sikich's presence in the Indianapolis market and brings approximately 12 Petrow Kane Leemhuis employees into Sikich's Indianapolis office to strengthen audit, tax and advisory capabilities.