Rea & Associates Welcomes Koontz & Parkin CPAs Through Merger

Rea & Associates, a leading Ohio-based accounting and business consulting firm, has announced the merger with Florida-based Koontz & Parkin CPAs, effective June 1, 2024. This strategic alliance aims to expand Rea's services and geographic footprint, particularly in the construction and real estate sectors.

About Koontz & Parkin CPAs:

Founded in 2012 by Jo Ann Koontz and Marina Parkin, Koontz & Parkin CPAs has over a decade of experience providing comprehensive accounting services to clients in Sarasota, Florida, and beyond. The firm specializes in tax planning, preparation, and resolution, serving a diverse clientele, including small businesses and individuals.

Strategic Objectives of the Merger:

• Service Expansion: The merger enables Rea & Associates to enhance its service offerings by integrating Koontz & Parkin's expertise in tax planning and resolution. This addition complements Rea's existing services, including managed IT and cybersecurity, wealth management, retirement plan consulting, and valuation and transaction advisory.
• Geographic Growth: By merging with Koontz & Parkin, Rea & Associates extends its reach beyond Ohio, establishing a presence in Florida and strengthening its position in the southeastern United States.
• Industry Focus: The merger aligns with Rea's strategic plan to deepen its involvement in the construction and real estate industries, sectors in which Koontz & Parkin has significant experience.

Leadership Perspectives:

• Jo Ann Koontz: Co-founder of Koontz & Parkin, expressed enthusiasm about the merger, stating, "We’re excited to merge with Rea because both firms value top talent, hard work, exceptional client service, collaboration, innovation, and growth."
• Mark McKinley: CEO of Rea & Associates, remarked, "Koontz & Parkin clients will now have access to some of the greatest accounting and consulting professionals in the country. Coming together is a natural fit for both of our firms, since we value the same core beliefs."

Operational Integration:

Following the merger, both firms will operate under the Rea & Associates name, with Koontz & Parkin continuing to serve clients from their original offices in Sarasota, Florida. This integration aims to provide clients with a seamless transition and access to a broader range of services.

This merger represents a significant step in Rea & Associates' growth strategy, enhancing its capabilities and expanding its geographic presence to better serve clients across the United States.