Eide Bailly and Apple Growth Partners: Now Merged as One

TLDR:

• Eide Bailly is merging with Apple Growth Partners, expanding its footprint to Ohio.
• Financial terms of the deal were not disclosed.

Article Summary:

Eide Bailly, a Top 25 Firm, is merging with Apple Growth Partners, which will expand the firm’s presence in Ohio. This marks the second-largest acquisition in Eide Bailly’s history. The deal will add about 150 staff members, increasing the total to close to 3,800. The merger will also add 24 partners and 125 staff members to Eide Bailly and expand the firm’s reach in the Great Lakes region with new offices in Akron, Cleveland, and Canton, Ohio; Schaumburg, Illinois; and Charlotte, North Carolina.

Eide Bailly’s managing partner and CEO mentioned that the merger was a great fit due to the shared workplace culture and commitment to authenticity, exceptional service, and taking care of clients. Apple Growth Partners’ chairman stated that the decision to merge was driven by the need to remain competitive and provide the best services to both employees and clients.

In addition to this merger, Eide Bailly has made several other acquisitions in recent years, including Secore & Niedzialek PC, Raimondo Pettit Group, Bessolo Haworth, Spectrum Health Partners, and King & Oliason. The firm’s expansion strategy has included mergers in various states such as California, Washington, Tennessee, and Nebraska.

Overall, the merger between Eide Bailly and Apple Growth Partners represents a significant step in the firm’s growth strategy, expanding its presence geographically and adding to its team of professionals.