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Accounting firms merge to move into North Kentucky market
An accounting firm Barnes Dennig is in the process of merging with another firm to give it a larger presence in Northern Kentucky. The merger is to take place on January 1st, and the merger will make it as one of the larger accounting firms in the area.
Barnes Dennig is currently located in Cincinnati. But rather than just expand in the Northern Kentucky area, the new firm would like to expand "regionally in Kentucky" as well.
It is felt that such a merger will bring together differing strengths of the two firms. While one firm has specialized in international and specialty tax consulting, the other firm has performed a great deal of work for local governments. At the same time, both firms will bring something to their certified fraud examiner and valuation capabilities.
Business transactions such as acquisitions or mergers often involve a jumping through a variety of legal and financial hoops. Business planners will have to pay attention to federal and state regulators, and sometimes they may also have to gauge public reaction to such a merger. Especially when we are speaking about a large number of employees involved and a significant amount of money invested in a merger, corporations clearly do not want to become entangled in any corporate or legal snafus when conducting these dealings.
Commercial and business attorneys can assist in every aspect of a merger or acquisition. Experienced attorneys in this area can also help individuals in the planning stage of a corporation see the entire picture and make certain that no detail is missed.
Source: Cincinnati Business Courier, "Barnes Dennig expands in N. Ky. with merger," Steve Wilkins, Nov. 7, 2013