Cooney Faulkner & Stevens (CFS), a Cincinnati-based CPA and advisory firm, will join Mountjoy Chilton Medley LLP (MCM) on January 1, 2016. MCM is a large regional accounting firm with nearly 300 employees across five offices. The move will allow both organizations to provide a wider array of services and greater depth of expertise to clients, particularly in the in-demand and growing niches of exit planning and transaction advisory services.
“CFS has enjoyed remarkable growth in the Cincinnati market since our founding more than 16 years ago”, said Thomas M. Cooney, who founded the firm in 1999 in partnership with Crystal L. Faulkner and Charles R. Stevens II. “With the combination of our ongoing growth and our clients’ ever-changing needs, we knew it was time to reassess how to continue providing top-notch customer service that was truly advantageous and supportive of our entire client base.”
“For us it’s always been about putting our clients first,” said Faulkner. “So it was critical for us to partner with a firm that would allow us not only to maintain the relationships we’ve built but to continue cultivating our personal client connections and community involvement. This transition will allow us to expand not only the reach of our expertise, but its breadth as well and we’re thrilled to begin working alongside the MCM team.”
CFS, like MCM, offers a full suite of traditional tax and accounting services, as well as consulting offerings in exit and transition planning, financial forensics services, outsourced CFO services, business valuation and transaction services, among many other areas of expertise.
“MCM has been searching for a great Cincinnati partner to expand our presence and impact in this critical market,” said MCM Managing Partner Diane Medley. “The entrepreneurial attitude of the CFS co-founders and partners, combined with their value-added mindset, culture, community involvement and name recognition, was exactly what we needed.”
“By partnering with MCM, we’re going to be able to serve our clients better and more efficiently,” said Stevens. “Combining with MCM will give our clients access to a broader range of specialty capabilities, advice and solutions.”
“We built our firm with an entrepreneurial spirit and a practical understanding of the financial hurdles owners face every day in the business world,” explained Faulkner. “To truly continue being an advocate for our clients, we had to make a choice – go big or go small – we chose to go big.”
MCM’s current employees will move into CFS’s Hyde Park office in January, when the office will begin to operate as MCM.
Mountjoy Chilton Medley LLP offers expertise in audit and assurance services, tax planning, business valuation, litigation support, fraud examination, aviation services, state, local and international expertise, comprehensive real estate and construction expertise, business start‐up and consulting for non‐profit, public and privately held organizations. The company has offices in Louisville, Lexington and Frankfort, Kentucky; Jeffersonville, Indiana; and Cincinnati, Ohio, and was recently ranked by Accounting Today’s Top 100 list as the 86th largest accounting firm in the United States (based on net revenue). MCM is an independent member of Baker Tilly International, the 8th largest CPA and advisory network in the world. For more information, please visit http://www.mcmcpa.com.
Started by three partners in 1999, Cooney Faulkner & Stevens, LLC (CFS) was established as a business advisory firm focusing on privately-held businesses and their owners. CFS is more than just your average accountant, we serve as an advisor and advocate for you and your business. We built our firm with entrepreneurial spirit on a foundation of knowledge, integrity and reliability, allowing us to provide innovative financial strategies and solutions to help you save money, minimize taxes and achieve your financial goals. For more information, visit http://www.cfscpa.com/.