RubinBrown LLP acquired Overland Park-based JMW & Associates for an undisclosed amount, boosting both firms’ abilities to provide tax services to high-net-worth individuals and families.
JMW will merge its 50 people in the Kansas City area with RubinBrown’s office at 1200 Main St., which employs about 90 people. The merger is expected to be completed on June 1.
Todd Pleimann, office managing partner for RubinBrown’s Kansas City operation, said RubinBrown has enough space to bring JMW’s people into its existing office. The company has been planning for growth.
“We’ll have more team members, but beyond that, this is really going to give us a much deeper tax expertise, especially serving high net worth individuals, families and family office groups,” Pleimann said. “Our role with our clients is to serve as a trusted adviser. Tax is a key element as clients make both personal and business decisions. So just having this increased expertise and increased capacity is really going to be a huge benefit.”
The merged entity will have expertise in transfer planning, succession planning, trusts, family limited partnerships, corporate and partnership income tax compliance and consulting.
RubinBrown is based in St. Louis and was founded in 1952. It generates revenue of about $160 million and has a team of about 750 people in Kansas City, Chicago, St. Louis, Denver, Las Vegas and Nashville. It’s the ninth-largest accounting firm in the Kansas City area by number of employees.
JMW was founded in November 2005 and is licensed to practice in Missouri and Kansas. It’s the 15th-largest local accounting firm by employment.
“One of the things we’re most excited about is the similarity of our cultures, just how we treat our team members and how we serve our clients,” Pleimann said. “We’re really cut from the same cloth there, and I think that’s going to help in making this transition really come together smoothly.”