Brown Smith Wallace has Joined Armanino
On August 1, 2021, Top-100 Midwest accounting and advisory firm Brown Smith Wallace joined forces with Armanino. Giving Brown Smith Wallace clients access to Armanino’s award-winning technology consulting solutions for every major finance function including ERP, CRM, budget and forecasting, business intelligence, data and analytics, and equity management. The firm will carry the Armanino name and maintain its current St. Louis operations.
“We’ve admired the Brown Smith Wallace team, their vision and their execution for years, and believe this combination will provide a springboard for us in the Midwest,” said Matt Armanino, CEO of Armanino. “In addition to their core accounting work, they have boldly expanded their Advisory Services offerings to include Business Performance Consulting and Construction Audit, which are transformative solutions clients need to accelerate growth. We look forward to extending the reach of these and other competencies.”
Managing Partner Tony Caleca of Brown Smith Wallace will assume the role of Midwest Market Leader and continue to lead its St. Louis offices, which will also serve as the Midwest Market Hub for Armanino. He will also be a member of the Armanino Operating Committee, the firm’s primary leadership group.
“Geographic expansion has been at the forefront of our strategic plan for several years, and joining Armanino allows us to accelerate this effort,” said Caleca. “We’ve had great success adding talent and expanding services to better serve our current clients, while also building additional relationships from coast-to-coast and around the globe.”
Brown Smith Wallace clients will now have access to Armanino’s award-winning technology consulting solutions for every major finance function including ERP, CRM, budget and forecasting, business intelligence, data and analytics, and equity management. As one of Accounting Today’s Best Firms for Technology, Armanino has made significant investments in leading-edge technology and digital infrastructure including its AI Lab, blockchain and digital assets practice, client data protection and cybersecurity. All of this reinforces the firm’s commitment to a holistic approach to digital transformation that touches every part of the client’s organization.
Armanino will leverage Brown Smith Wallace’s expertise in the private equity, financial services, insurance and manufacturing industries, while also promoting the St. Louis firm’s specialty services, which include construction audit, property tax compliance and consulting and cost segregation.
“As the Midwest Market Hub, our St. Louis office will be critical in the years ahead as we promote these and other specialty areas, grow our talent, and deliver insightful, strategic, and informative counsel and advice to our clients,” said Armanino. “Our clients will also enjoy the benefits of our comprehensive suite of technology solutions and the synergies offered by our network of office locations and our successful track record opening new ones.”
In addition to Caleca, a number of partners and professionals will assume leadership roles with Armanino, making the St. Louis team a core component of the national firm. Some examples of these include:
Nationally, Armanino will operate 19 locations with close to 2,000 employees in 31 states when the transaction closes August 1, 2021. St. Louis will be home to the second-largest concentration of Armanino employees and together both firms will have a projected annual revenue of $460 million in 2021.
“While our name is changing, our highly personalized approach to our clients will not, and they will continue to enjoy the outstanding services provided by their current St. Louis team,” said Caleca. “Our clients will also be able to take advantage of the robust resources and depth of expertise that comes with being part of a top-25 accounting and consulting organization with national reach.”
“Our firms have enjoyed a long-standing relationship over the years, and we recognized we have an almost mirrored vision and culture,” Caleca added. “Combining our collective talents and resources will create a truly unique firm in our industry that benefits our clients, colleagues and the communities were serve. This is truly a partnership of opportunity.”
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