Doeren Mayhew Acquires Lancaster & Reed, Expanding Florida Presence

Troy, Mich.-based firm Doeren Mayhew, with a fiscal year 2024 net revenue of $170.37 million, has successfully acquired Lancaster & Reed LLC, a Florida-based firm specializing in high-net-worth tax, accounting, and consulting services. The acquisition, effective December 17, 2025, expands Doeren Mayhew's footprint into Florida and strengthens its international service capabilities. The newly integrated team will continue operations from Lancaster & Reed’s Key Biscayne office, now operating under the Doeren Mayhew brand.

Strategic Growth in Florida

This acquisition marks a key milestone in Doeren Mayhew’s strategic expansion into the Miami international private client and high-net-worth market. Chad Anschuetz, CEO of Doeren Mayhew Advisors, LLC, highlighted Florida as a central part of the firm's growth strategy: “Florida, and the broader Southeast, aren’t just part of our expansion plans, they are a top priority. The region’s strong economic momentum and similar mix to our existing client base make it a compelling growth opportunity for our firm.” Anschuetz also emphasized the firm’s long-term commitment to deepening its presence in Florida and the surrounding states.

International Expansion

With this acquisition, Doeren Mayhew is enhancing its international services and capabilities. Jeffrey McCann, Principal at Doeren Mayhew Advisors LLC and Practice Leader of the firm’s International Services Group, explained the significance of the move: “By strategically broadening our domestic footprint while simultaneously strengthening our global expertise, Doeren Mayhew is uniquely positioned to address the complex and evolving needs of clients whose wealth, business interests, and influence transcend national boundaries.”

Lancaster & Reed’s Expertise

For over 30 years, Lancaster & Reed has been a trusted advisor to high-net-worth individuals and entrepreneurs, offering tax, accounting, and consulting services to a globally connected clientele. Co-founders Sherry Reed and Richard Reed will remain with the firm and join Doeren Mayhew’s leadership team within the international services group. Richard Reed emphasized the alignment between the two firms: “With a commitment and reputation in the global and high-wealth advisory spaces that mirrors our own, Doeren Mayhew was a natural fit. Together, we can provide a level of sophistication, strategic insight, and personalized attention our clients could not find anywhere else.”

Positioning for the Future

The acquisition of Lancaster & Reed represents an important step in Doeren Mayhew’s strategy to enhance both its domestic and international service offerings. The firm’s expanded presence in Florida and strengthened global capabilities allow Doeren Mayhew to continue delivering comprehensive solutions to its clients while positioning itself for continued growth in the high-net-worth sector.