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May 2025 Recap: Accounting Industry Firm Updates in 10 Mins
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Subscribe19 JUN 2025 / MONTHLY ACCOUNTING INDUSTRY CAPSULE
Accounting firms across the US embarked on a wave of significant mergers and top leadership changes in May 2025. The changes included Eide Bailly acquiring Hamilton Tharp LLP to expand its footprint in Southern California, the formation of nationwide firm Sorren through a merger of several accounting firms, Sensiba's purchase of Australia-based AssuranceLab, and the fusion of Withum and CTM CPAs & Business Advisors. These developments indicate a reshaping of the accounting industry as it embraces technological transformation and prepares for the future.
The accounting profession isn’t standing still, and May 2025 proved it. In just one month, we saw a wave of firm mergers spanning coast to coast, major service launches tackling AI and HR transformation, and a slate of leadership moves signaling where the...
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