What's Happening?
Doeren Mayhew, a prominent accounting firm based in Troy, Michigan, has acquired Lancaster & Reed LLC, a firm located in Key Biscayne, Florida. This acquisition, effective December 17, 2025, marks Doeren Mayhew's
strategic expansion into the Miami market. The financial terms of the deal have not been disclosed. Doeren Mayhew, ranked No. 47 on Accounting Today's 2025 list of the Top 100 Firms, aims to leverage this acquisition to target high-net-worth and international private clients in the region. Lancaster & Reed, which has been in operation for over 30 years, provides tax, accounting, and consulting services. The firm will continue to operate under the Doeren Mayhew name, retaining its office in Key Biscayne. Co-founders Sherry Reed and Richard Reed will join Doeren Mayhew's leadership team, particularly in the international services group.
Why It's Important?
This acquisition is significant as it underscores Doeren Mayhew's commitment to expanding its footprint in the Southeast, a region identified as a top priority due to its strong economic momentum. By entering the Miami market, Doeren Mayhew positions itself to better serve high-net-worth individuals and entrepreneurs who require sophisticated financial services. The move also enhances the firm's ability to provide integrated solutions that combine local expertise with international perspectives, catering to clients with complex, cross-border financial needs. This strategic expansion could potentially increase Doeren Mayhew's market share and influence in the accounting industry, particularly in the high-wealth advisory space.
What's Next?
Following the acquisition, Doeren Mayhew plans to deepen its presence in Florida and the surrounding states. The firm is expected to continue investing in the region to scale its operations and enhance its service offerings. The integration of Lancaster & Reed's team into Doeren Mayhew's international services group suggests a focus on expanding global expertise and capabilities. This could lead to further acquisitions or partnerships as Doeren Mayhew seeks to solidify its position as a leader in providing comprehensive financial solutions to high-net-worth clients.
