04 NOV 2024 / M&A UPDATES

Forvis Mazars Expands Presence in Florida with Acquisition of MSL PA

- MYCPE ONE Insights Team

Summary

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Orlando-based MSL PA has been acquired by Forvis Mazars, a firm with a FY24 net revenue of $2.15 billion. The acquisition, effective from November 1, 2024, strengthens Forvis Mazars' presence in Florida, introducing approximately 120 professionals and three new offices while opening new opportunities for synergies and sustainable growth in the Floridian market.

Orlando, Fla.-based firm MSL PA has joined Forvis Mazars, a firm with FY24 net revenue of $2.15 billion, effective November 1, 2024. This strategic acquisition significantly strengthens Forvis Mazars’ footprint in Florida, adding approximately 120 professionals, including 14 partners, and expanding with three new office locations in Orlando, Fort Lauderdale, and Tallahassee.

Creating Synergies in the Florida Market:

This move positions Forvis Mazars to create quick synergies in the Tampa market, where both firms already have a presence. Paul Thompson, Florida managing partner for Forvis Mazars, emphasized the collaborative potential:

“MSL has an incredible reputation in Florida, and we are excited about the opportunities to leverage each other’s strengths to serve clients here in new and dynamic ways.”

Complementary Strengths and Cultural Alignment:

The merger is driven by cultural alignment and a shared vision of sustainable growth and high-quality service. According to David Dills, Southeast regional managing partner for Forvis Mazars, MSL’s geographical presence, industry expertise, exceptional leadership, and up-and-coming talent are excellent additions to the firm’s expanding portfolio.

“Cultural alignment and a common vision of sustainable growth and high-quality service were the driving factors behind this agreement,” said Dills. “I look forward to seeing how this addition will help us continue to unlock potential for our clients, people, and communities across Florida for many years to come.”

Expanded Resources and Career Opportunities:

For MSL, the move offers expanded resources and enhanced services for its clients, as well as rewarding new career opportunities for its professionals. According to Kevin Murphy, president of MSL, clients will benefit from a “deeper bench of professionals and specialists” not only in Florida but across the country and globally, thanks to Forvis Mazars’ worldwide network.

“Our people will see rewarding career options serving new industries, and they will be able to tap into Forvis Mazars’ award-winning training and professional development programs.”

MSL’s Expertise and Industry Focus:

MSL, with a 50-year legacy in Florida, has a strong focus on audit, tax, and consulting services, particularly in industries such as healthcare, public sector, construction, real estate, commercial products, and nonprofits. Their client base will benefit from Forvis Mazars’ expertise across these sectors and its deep bench of national and international tax specialists and consultants.

This acquisition reflects Forvis Mazars’ ongoing efforts to enhance its offerings in the Florida market and build on its legacy of providing innovative solutions for clients across industries.

Until next time…

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Forvis Mazars Expands Presence in Florida with Acquisition of MSL PA

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