Briggs & Veselka Co. (“B&V”) has reached an agreement to acquire Seefeld Lawson Moeller LLP (“SLM”), a CPA firm based in The Woodlands, Texas. The transaction is expected to close before the end of this month. The SLM acquisition is the fourth this year by B&V, which acquired two other accounting firms and Pathway Forensics in the first quarter.
SLM is a quality firm that will not only expand B&V’s geographic footprint, but will bring additional resources, especially given their deep experience in the not-for-profit sector. In an industry that has been in the throes of consolidation, B&V is proud of its independence and ability to provide both high levels of client service and sophisticated services to the middle market space, the driver of Houston’s booming economy.
SLM has built a strong reputation in The Woodlands-Conroe area. “Our primary consideration in such a transaction was the right cultural fit for our clients and employees,” said Debra Seefeld, one of the founding partners of SLM, who will join Briggs & Veselka as a shareholder. “We will be able to lever Briggs & Veselka’s expanded service offerings and resources to better serve both our existing and new clients, while providing more growth opportunities for our staff” Seefeld, the past President of the Houston CPA Society, added.
Briggs & Veselka will continue to operate SLM’s current office in The Woodlands, as well as the new office for Pathway Forensics. The Woodlands office of Briggs & Veselka will be able to provide audit, tax, and consulting services to the 7,500 companies in the area, which has fulfilled George Mitchell’s vision of a complete community in which people could live and work.
Terms of the transaction were not released.