Cincinnati Business Courier: Cincinnati-based accounting firms merge
Mellott & Mellott is merging with Thomas Heldman CPA and Associates, effective Jan. 1. Mellott & Mellott, a 60-year-old family-owned firm, generates $5 million to $6 million a year in annual sales and has 31 employees, including 18 CPAs. It’s Cincinnati’s 16th-largest accounting firm, according to a recent Courier list, but it’s looking to expand.
“We want to make sure people understand we’re in growth mode,” managing partner Don Mellott said. “There are firms getting merged and firms looking to merge firms into them. Our client philosophies are similar, too. We’re not looking for really small clients. This really fits in well and is a good model for us to use going forward.”