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Acquisition to join two Maryland accounting firms

Accounting firm Weyrich, Cronin and Sorrta Chartered (WC&S) recently announced plans to purchase Chesapeake Accounting and Bookkeeping Service. The businesses, both located in Maryland, have been involved in a business relationship for the last two years. Leaders with both companies say the deal is a natural extension of their partnership and will allow them to continue serving and satisfying clients.

WC&S's partners praised Chesapeake's leadership, saying that the firm's president meshes well with WC&S's values of providing personal attention and high quality assistance to its clients. The president responded by saying she is excited by the opportunity to provide better services to an expanded customer base. She added that it is a "huge benefit for clients to have 'big firm' talent and services that they can access" in their own communities.

While the precise details of the deal's sales terms are unclear, it appears that the acquisition will not affect the day-to-day operations of either firm in any major way. Chesapeake will maintain its offices in Elkton, Maryland, and retain its entire staff. WC&S will enjoy a more significant presence at the office, contributing a number of new staff members.

Chesapeake has been operating in Maryland for over three decades and has been voted its home county's best bookkeeping service several times. Chesapeake contracted WC&S to perform its tax work for several years prior to the acquisition.

WC&S was founded in 1979 in Bel Air, Maryland, quickly establishing a reputation for its proactive and personal services that address the unique needs of each client. The firm currently operates three offices across Maryland, including one in Elkton, staffed by about 50 people. WC&S has expanded its services in recent years, introducing investigative and forensic accounting, and those aimed at local governments and small businesses.

Mergers and acquisitions can be legally complex endeavors that are effectively impossible to complete without qualified legal assistance. Maryland businesses planning such a business deal should contact an experienced attorney to ensure they are properly represented throughout the acquisition or merger process.


Source: 
ExploreHarford.com, "Harford accounting firm WC&S acquires Cecil business" No author given, Aug. 19, 2013

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