M&A Activity

Expansion in the Accounting Industry: Mergers and Additions Unveiled

Recent M&A moves include NDH acquiring McGowan Guntermann, Kostelanetz combining with Welty, and Avantax adding tax specialist Erin Hinzmann.

·2 min read

M&A Roundup

Three recent moves highlight continued consolidation and talent migration across tax, accounting, and advisory.

NDH Acquires McGowan Guntermann

NDH — known for tax, accounting, and advisory services — acquired McGowan Guntermann to expand its audit and assurance capabilities. The combination integrates McGowan Guntermann's team and resources into NDH's broader service platform, extending NDH's reach in the assurance space.

Kostelanetz Combines with Welty

Tax-law firm Kostelanetz & Fink LLP merged with Welty & Welty LLP, strengthening Kostelanetz's tax controversy and litigation practice. Welty's experience in civil and white-collar criminal defense rounds out the combined firm's capability, positioning it to support clients across more complex matters.

Avantax Adds Erin Hinzmann

Avantax, a tax-focused financial services provider, welcomed Erin Hinzmann to its team. Hinzmann brings deep fiduciary and individual taxation expertise and will contribute to Avantax's tax planning and compliance capabilities.

Implications

These moves illustrate two complementary consolidation patterns: firm-on-firm combinations that extend service capability, and strategic individual hires that fill specific expertise gaps. Both patterns continue to shape competitive dynamics across the tax-advisory landscape.