What's Happening?
Doeren Mayhew, a Top 50 accounting firm based in Troy, Michigan, has acquired McMurray Fox & Associates and Novotny CPA Group, expanding its presence in Tennessee and Michigan. The acquisition of McMurray Fox,
effective November 10, 2025, adds two new offices in Tennessee and enhances Doeren Mayhew's audit expertise in Nashville. Novotny CPA Group, acquired on November 6, 2025, relocates its team to Doeren Mayhew's offices in Grand Rapids and Grand Haven, Michigan. These acquisitions are part of Doeren Mayhew's strategic growth plan, supported by a private equity investment from Audax Private Equity. The firm aims to strengthen its tax and audit capabilities and offer a broader suite of services to clients.
Why It's Important?
The acquisitions by Doeren Mayhew signify a strategic expansion in the accounting industry, enhancing its service offerings and geographical footprint. By integrating McMurray Fox and Novotny CPA Group, Doeren Mayhew can provide more comprehensive services to its clients, particularly in tax and audit. This move is likely to increase the firm's competitive edge in the accounting sector, offering clients in Tennessee and Michigan access to a wider range of expertise. The expansion also opens new career opportunities for employees, fostering professional growth and development within the firm.
What's Next?
Doeren Mayhew plans to continue its strategic growth through further acquisitions and integration of new firms. The firm will focus on enhancing its service offerings and expanding its client base in key regions. Business cases for the integration of McMurray Fox and Novotny CPA Group will be developed to ensure smooth transitions and maximize the benefits of the acquisitions. Stakeholders, including clients and employees, can expect improved service delivery and expanded career opportunities as the firm grows.
