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CRI Expands National Presence with Acquisition of CapinCrouse LLP
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Subscribe22 JAN 2024 / M&A UPDATES
Accounting and advisory firm Carr, Riggs & Ingram (CRI) has acquired nonprofit-specialist firm CapinCrouse LLP in the largest merger in CRI's history. Effective from January 17, 2025, the move is part of CRI's strategic plan to expand its expertise and service offering, while enhancing its national reach, particularly among nonprofit and faith-based organizations.
Carr, Riggs & Ingram (CRI), a top 25 nationally ranked accounting and advisory firm, has announced the acquisition of CapinCrouse LLP, a leading firm specializing in nonprofit organizations. This strategic move, effective January 17, 2025, marks the largest merger in CRI's history and significantly enhances its service offerings and national reach.
Strategic Significance
The acquisition of CapinCrouse LLP aligns with CRI's strategic objectives to broaden its expertise in serving nonprofit and faith-based organizations. By integrating CapinCrouse's specialized services, CRI aims to provide a more comprehensive suite of solutions to its clients, reinforcing its commitment to excellence and client service.
Leadership Perspectives
Bill Carr, chairman of CRI Advisors, expressed enthusiasm about the merger, stating, "This merger represents an exciting milestone in our firm’s history and a significant advancement for both CRI and CapinCrouse." He emphasized that the combined strengths of both firms will enhance the value offered to clients and expand CRI's national geographical presence.
Fran Brown, managing partner of CapinCrouse, added, "We are very pleased to join CRI. For over 50 years, our focus has been on providing innovative service to nonprofit organizations whose outcomes are measured in lives changed." She highlighted that the merger will allow CapinCrouse to access more offerings and resources, further driving exceptional client service.
Firm Overview
CRI is a full-service accounting and advisory firm offering innovative tax, accounting, audit, consulting, and advisory services to more than 100,000 clients across 12 states and over 35 markets. The firm is committed to cultivating growth through valued relationships, providing a broad range of services from traditional accounting to leading-edge business support and technology resources.
CapinCrouse LLP, established over 50 years ago, has been dedicated to serving nonprofit organizations, including faith-based entities and private colleges. The firm offers specialized audit and advisory services tailored to the unique needs of nonprofits, emphasizing outcomes that positively impact communities and individuals.
Implications for Clients and the Industry
This acquisition positions CRI as a leading national provider of services to nonprofit and faith-based organizations, enhancing its ability to deliver specialized solutions and resources. Clients can anticipate a broader range of services and increased support, leveraging the combined expertise of both firms. The merger also reflects a broader trend in the accounting industry toward consolidation, aiming to provide more comprehensive services and expand market reach.
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