CARMEL, Ind., Nov. 25, 2022 (GLOBE NEWSWIRE) — The accounting and consulting firms Alerding CPA Group (Indianapolis, Indiana) and Blue & Co., LLC (Carmel, Indiana) announced their merger. The combined company will operate as Blue & Co., LLC (Blue & Co.) effective December 1, 2022.
This acquisition will give Blue & Co. greater market share in the greater Indianapolis area. Blue & Co. will hire more than 20 Alerding-based employees, including four directors (partners) with expertise in employee stock option plans (ESOPs), trustee services, mergers and acquisitions, succession planning, and business and personal tax strategies. Alerding brings extensive niche experience to serve the needs of the Midwest manufacturing, construction, nonprofit, professional services and technology industries.
“We are very pleased to announce this merger with Alerding CPA Group, a 2022 Inside Public Accounting Top 500 Firm,” said Brad Shaw, Managing Director of Blue & Co., LLC. “Michael (Mike) Staton and Dave Garrett were both ex-Blue employees so it was very exciting to welcome them back. We are confident that the addition of Alerding’s outstanding team will help us deepen our ability to serve our clients end-to-end throughout the Midwest, particularly in Indianapolis. Alerding fits perfectly with Blue and our company’s growth strategy. We continue to look for accounting and advisory firms with similar cultures to Blue & Co., including a passionate focus on customer experience and service.”
Mike Staton is a founding member of the Alerding CPA Group and a graduate of Marian University where he received his BS in Accounting. He is a current member of the American Institute of Certified Public Accountants (AICPA) and the Indiana CPA Society and Treasurer of the Indiana State Certified Development Corporation. Staton has worked in public accounting for 36 years.
“We’ve always tried to put the needs of our customers ahead of everything else, and that’s why we ultimately chose to join a reputable firm like Blue & Co.,” Staton said. “While we are excited about this tremendous opportunity for expansion, we want our customers to be confident that they will continue to enjoy the same local, personalized service they have come to appreciate, with the added benefit of a large network of resources.”
Dave Garrett is a graduate of Radford University in Virginia, where he received his BS in Accounting. He is a current member of the AICPA and the Indiana CPA Society and provides financial support to the Center for Victim and Human Rights. Garrett has worked in public accounting for 30 years.
In addition to Staton and Garrett, Jered Fuquay and Sarah Gregory will join Blue as Directors and Lou Ann Taylor will join Blue as Director Emeritus.
Jered Fuquay is a graduate of Indiana University, where he received his BS in Accounting and Finance, and the University of Texas, where he received his MS in Professional Accounting. He is a current member of the AICPA, the Indiana CPA Society and the Institute of Internal Auditors. Fuquay has worked in public accounting for 20 years. He has served on multiple audit and finance committees for local and national nonprofit organizations, including committee roles at the Ronald McDonald House of Indiana, the Mother Theodore Catholic Academies, and the United Spinal Association.
Sarah Gregory is a graduate of Indiana University where she received her BS in Accounting and Finance. She is a current member of the AICPA, the Indiana CPA Society and the Association of Certified Fraud Examiners. Gregory serves on the Finance Committee of Dress for Success Indianapolis and has been in public accounting for 16 years.
Lou Ann Taylor is a graduate of Old Dominion University where she received her BS in Accounting. She is a current member of the AICPA and the Indiana CPA Society. Taylor has worked in public accounting for more than 25 years.
This team and associates bring more than 126 years of experience to Blue and will collectively employ more than 480 professionals across 10 offices in three states.
To learn more, visit www.blueandco.com/alerding-merger.
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