Business

Merger will create one of largest accounting firms in area

Two St. Louis-area accounting firms will complete a merger next month to create one of the largest in the area.

Ganim, Meder, Childers & Hoering, P.C. will officially join LarsonAllen LLP on Oct. 1 to become the sixth-largest firms in the metro-area as the merger brings two top-20 firms together. Ganim, Meder, Childers & Hoering specializes in accounting, tax and consulting services across multiple industries. Partner Edward Hoering said his firm had been approached by others about potential mergers over the years, but the proposal by LarsonAllen was the most compatible.

"Their client base is similar to our in size," Hoering said. "It is still a small-firm culture, however, they give us the resources we need for a lot of industry specialization in the health care field, in construction, in manufacturing and it really brings us a lot of resources that we can bring to our clients while their structure and culture is the same that we already had."

Scott Engelbrecht, LarsonAllen Principal-In-Charge in St. Louis, also said LarsonAllen's industry specialization strategy drew them to Ganim, Meder, Childers & Hoering. Ganim, Meder, Childers & Hoering has had impressive growth since their inception, he said.

"That is due to their tremendous effort and a fantastic culture," he said. "That means a lot bringing in a firm of that size with more than 65 people and $7.5 million in revenue. It really puts us in a position to make us a larger hub that is represented in the Midwest."

The move will keep Ganim, Meder, Childers & Hoering's 70 employees at work in offices in Swansea, Edwardsville and Glen Carbon. The firm will leave its Clayton, Mo. office and transfer employees to a downtown St. Louis office. The new company will be known as LarsonAllen and have 150 employees on both sides of the Mississippi River and 1,500 nationwide.

Randy Ganim lead a group that founded Ganim, Meder, Childers & Hoering in 1986.

LarsonAllen is based in Minneapolis and was established in 1953. Today, the company has 1,400 employees in nine states and Washington, D.C.

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