16 AUG 2024 / M&A UPDATES

Schellman & Company Acquires INSYTE CPAs

- MYCPE ONE Insights Team

Summary

It is generated by AI

Schellman & Company, an IPA 100 firm, has acquired Birmingham-based INSYTE CPAs, which specializes in risk management and business processes. The acquisition will see INSYTE’s clients and personnel transfer to Schellman, supporting the latter’s growth plans and enhancing its services in IT controls and compliance.

Acquisition Announcement

Schellman & Company, an IPA 100 firm with FY23 net revenue of $148.5 million, has announced the acquisition of Birmingham, Alabama-based INSYTE CPAs.

Client and Personnel Transition

As part of the acquisition, INSYTE’s clients and personnel will transition to Schellman.
Both firms share a client-centric approach, delivering tailored solutions and top-tier service, making the merger a strategic fit for their respective growth and goals.

INSYTE’s Reputation and Expertise

INSYTE CPAs, led by founder and managing partner Cindy Wyatt, is highly regarded for its expertise in risk management, internal controls, and business processes.
Schellman, on the other hand, has established itself as a leader in SOC reporting, issuing over 1,000 reports annually for clients ranging from startups to Fortune 500 companies.

Cindy Wyatt’s Statement

"We have confidence in Schellman’s depth of expertise in information technology controls and compliance services. Their commitment to high-quality service and excellence aligns with the values our clients have come to expect," said Wyatt.

Strategic Growth and Expansion

The acquisition supports Schellman’s ongoing efforts to expand its core services, in line with its key growth plans for 2024 and beyond.

Seamless Transition Assured

Doug Barbin, president of Schellman & Company, emphasized the firm’s commitment to ensuring a smooth transition, with INSYTE’s clients continuing to receive uninterrupted service and continued focus on industry-leading compliance solutions.

Until next time…

Don’t forget to share this story on LinkedIn, X and Facebook

Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine

Scale Your Accounting Firm the Smart Way with MYCPE ONE!

Your Trusted Offshore Partner for CPAs and Accounting Firms.

Struggling to scale? Let MYCPE ONE’s offshore accounting team help you grow faster and more efficiently.

With 500,000+ vetted professionals across 40 offices in 2 countries, we provide you access to top talent and advanced technology, all while handling the hiring process for you.

Trusted by 3,000+ firms, including 45+ BDO Alliance Firms and 40+ of the Top 200 Accounting Firms!

Start building your offshore dream team today with MYCPE ONE!

Scale smarter. Save bigger. Stay ahead.

Schedule a call!

Schellman & Company Acquires INSYTE CPAs

Unlock Annual Access to News & CPE Subscription

News & Updates

Unlimited CPE Access for 1 Year

Related Articles