12 DEC 2024 / SERVICES UPDATES

BeachFleischman Expands National Cannabis Practice with Addition of Indiva Advisors LLP

- MYCPE ONE Insights Team

Summary

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BeachFleischman, a Tucson-based firm, has expanded its cannabis accounting and advisory sector by incorporating Las Vegas firm Indiva Advisors. The strategic move broadens BeachFleischman's reach to over 20 states, adds five professionals to its team, and strengthens its position in the growing cannabis market.

Tucson, Ariz.-based IPA 200 firm BeachFleischman (FY23 net revenue of $39.6 million) has strengthened its position as a leader in the cannabis accounting and advisory sector by welcoming Las Vegas-based Indiva Advisors LLP to the firm, effective November 1, 2024.

Strategic Expansion into Cannabis Industry

This partnership broadens BeachFleischman’s cannabis client base to over 20 states and adds five experienced professionals to its team, including Jessica Velazquez, CPA, CFE, who will serve as principal and cannabis practice leader. Indiva Advisors will operate as BeachFleischman PLLC and continue to serve clients from its Las Vegas office. Additionally, BeachFleischman has acquired the Indiva Advisors trademark, enhancing its cannabis-focused go-to-market strategies.

Leveraging Expertise for a Growing Market

Jessica Velazquez, formerly managing partner of Indiva Advisors, expressed her excitement about the partnership: “This is an exciting opportunity for our team and clients. Joining BeachFleischman gives us the added flexibility, expertise, and talent to strengthen our services and expand our capabilities for the cannabis sector. We are thrilled to provide even greater value to clients across industries, particularly as the cannabis market continues to mature. By combining forces, we’re better positioned to support the continued success of our clients and grow the firm in new and exciting ways.”

A Shared Vision for Leadership

BeachFleischman CEO Eric Majchrzak emphasized the importance of the partnership in advancing the firm’s strategic goals: “Indiva Advisors’ unique expertise is a perfect complement to BeachFleischman’s broad range of services. With Jessica leading our cannabis practice, we are poised to become a national leader in this dynamic industry, one of the most exciting and fast-moving sectors in business today. Most importantly, we gained new colleagues who are passionate about collaboration, helping clients, and supporting one another.”

Looking Ahead

This collaboration marks a significant milestone for BeachFleischman, as it continues to build on its legacy of delivering specialized accounting, advisory, and tax solutions to complex industries. With the growing maturity of the cannabis market, the firm’s enhanced capabilities and expanded geographical presence will position it as a trusted advisor to businesses navigating this evolving landscape.

Until next time…

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