Frazier & Deeter acquires KMN CPA, boosts outsourced accounting
ATLANTA, UNITED STATES — Accounting and advisory firm Frazier & Deeter (FD) has acquired KMN CPA LLC, a specialist in outsourced accounting and bookkeeping services.
The acquisition was finalized on August 1, 2024. It marks a significant step in FD’s growth strategy and expands its capabilities in the rapidly evolving financial services sector.
Strategic expansion of KMN’s services
FD’s acquisition of KMN CPA brings together two companies with complementary strengths.
Frazier & Deeter is an award-winning firm offering a full scope of tax, audit, risk advisory, digital, and business transformation services. FD serves clients worldwide, from Fortune Global 500 companies to growing small businesses, and has been recognized as a “Best of the Best Accounting firm” and a “Best Firm for Women in Leadership.”
Founded in 2014, KMN CPA LLC has built a reputation in the outsourced accounting sector for delivering tailored, high-quality accounting solutions. The firm’s innovative approach allows clients to access financial information and business files remotely, offering a cost-effective alternative to in-house staff.
Seth McDaniel, Managing Partner of FD, expressed enthusiasm about the merger: “The acquisition of KMN is a strategic step in our growth plan, enabling us to enhance our service offerings and provide greater value to our clients.”
Integration and future prospects
The integration will see KMN’s entire seven-person team joining FD’s expansive suite of accounting, advisory, and tax solutions. This merger is expected to create a more robust entity capable of meeting diverse client needs across various industries.
John Hightower, Chief Growth Officer of FD, emphasized the strategic importance of the acquisition: “Integrating KMN into our firm represents a significant milestone in our growth strategy. Their proficiency in outsourced accounting services and custom financial solutions perfectly complements our existing capabilities.”
Enhancing client services
KMN’s expertise in providing secure, technology-driven accounting and bookkeeping services aligns well with FD’s mission to meet the evolving needs of its clients. The acquisition will allow FD to offer an enhanced range of services, including:
- Outsourced accounting and bookkeeping
- Secure, remote access to financial information
- Custom financial solutions
- Cost-effective alternatives to in-house accounting staff
“Joining Frazier & Deeter presents an opportunity for us to offer our clients an even wider array of resources and expertise,” Kathy Moore-Nietrzeba, Founder of KMN, said about the acquisition.
