Doeren Mayhew Acquires Nearman, Maynard, Vallez CPAs to Become No. 1 Credit Union Auditing Firm

Doeren Mayhew Acquires Nearman, Maynard, Vallez CPAs to Become No. 1 Credit Union Auditing Firm in the U.S.

In a strategic move to solidify its position as the top credit union auditing firm in the country, top 60 accounting firm Doeren Mayhew announced its acquisition of Miami-based CPA firm Nearman, Maynard, Vallez. The financial terms of the deal were not disclosed.

With this acquisition, Nearman, Maynard, Vallez CPAs’ four partners—Chris Vallez, Jennifer Hoskins, Ellen Vargo, and Lynn Franzosa—have become principals at Doeren Mayhew. Their employees will also join the firm’s Financial Institutions Group practice. While the Georgia employees will remain in Fayetteville, the rest will operate out of Doeren Mayhew’s Miami office.

Founded in 1979, Nearman, Maynard, Vallez, CPAs has exclusively served the credit union industry, providing audit and consulting services to over 170 credit unions nationwide. The firm has consistently ranked in the No. 3 spot on the annual Supplier Market Share Guide: Credit Union Auditors publication by Callahan & Associates.

With this acquisition, Doeren Mayhew now boasts more than 375 annual audit clients, 500 total credit union clients, and 150 professionals serving clients in the industry. The firm’s Financial Institutions Group practice now accounts for nearly $31 million in annual revenue, securing its position as the leading credit union auditor in the U.S.

Chad Anschuetz, managing shareholder and chairman at Doeren Mayhew, expressed excitement about the acquisition, stating, “This acquisition marks another significant milestone in our firm’s growth strategy and further solidifies our commitment to the credit union industry. We look forward to partnering with a firm whose commitment to the credit union industry is as unparalleled as ours.”

Chris Vallez of Nearman, Maynard, Vallez, CPAs also shared his enthusiasm about joining forces with Doeren Mayhew, noting, “Doeren Mayhew has an excellent reputation in the market, and we feel this provides us a unique opportunity to give our clients access to a broader offering of services, while allowing our employees to benefit from additional professional growth opportunities of a larger firm.”

The acquisition is seen as a significant step forward for both firms, as they aim to enhance their capabilities and expand their national footprint in the credit union industry.