Accounting & Tax Acquisitions in Colorado
Colorado Accounting & Tax Deal Themes
Deal activity in Colorado’s accounting & tax sector centers on firms expanding capacity and geographic reach—often by adding partners, staff, and local offices to broader regional or national platforms. Across 2023–2025, transactions repeatedly unite advisory capabilities and deepen service lines ranging from audit and attest to tax planning and client accounting.
Several buyers show a “platform-building” approach. Capstone Accounting and Tax (backed by Seaside Equity Partners) and Ascend (backed by Alpine Investors) pursue add-on growth through new Colorado footprints. Meanwhile, Richey May’s merger pulls multiple Colorado-area accounting and advisory firms into a single national brand, positioning attest and nonattest advisory services under distinct operating entities.
Other deals focus on targeted capability expansion within specialized niches. Cherry Bekaert acquired Spicer Jeffries LLP to grow asset-management and audit capabilities (including an affiliated Cayman office), while Cogency Global acquired Tax Guard to extend tax risk assessment and compliance offerings for financial-services clients. Additional Colorado deals include Aprio’s Denver-area combinations and CBIZ’s acquisition of EBK (with Mayer Hoffman McCann acquiring EBK’s attest assets).
What Stands Out
- Platform expansion is a recurring pattern: buyers like Ascend, Capstone Accounting and Tax, and Richey May add Colorado teams and offices to larger national or regional brands.
- Service-line integration matters: multiple transactions differentiate attest vs. nonattest advisory operations (e.g., Richey May; Cherry Bekaert’s attest/non-attest asset structure).
- Colorado deal geography clusters around major metros, including Denver and Colorado Springs, with expansions into the wider Rocky Mountain region.
- Specialization shows up in specific verticals: Cherry Bekaert highlights securities/asset management audit capability; Cogency Global focuses on tax risk assessment and compliance for financial-services clients.
| Buyer / Group | What the deal emphasis highlights |
|---|---|
| Richey May | Combining multiple regional firms into one national platform under a unified brand |
| Cherry Bekaert | Expanding asset-management audit capability (including an affiliated Cayman office) |
| CBIZ / Mayer Hoffman McCann | Split acquisition structure separating tax/accounting vs. attest assets |
| Cogency Global | Tax risk assessment & compliance for lenders and other financial-services clients |
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- Buyer
- Ascend, Alpine Investors
- Target
- BiggsKofford
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Addon
Ascend, a private equity-backed platform for regional accounting firms, announced the addition of Colorado accounting firm BiggsKofford to its national Ascend platform. The deal brings nine partners and more than 40 staff across Colorado Springs and Denver to Ascend (backed by Alpine Investors); terms were not disclosed and BiggsKofford will operate with an alternative practice structure for attest and non-attest services.
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- Buyer
- Richey May
- Target
- WSRP, Moss Krusick & Associates (MKA), Sobul Primes & Schenkel, The Doty Group
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Buyout
Richey May announced a transformative merger that combines four regional accounting and advisory firms—WSRP, Moss Krusick & Associates (MKA), Sobul Primes & Schenkel, and The Doty Group—into a single national platform operating under the Richey May brand. The combination expands the platform's geographic footprint and technical capabilities; Richey, May & Co., LLP will perform attest services while RM Advisory LLC will provide nonattest advisory services under the unified brand.
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June 2, 2025
- Buyer
- Cherry Bekaert Advisory LLC, Cherry Bekaert LLP
- Target
- Spicer Jeffries LLP
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Buyout
Cherry Bekaert has acquired Spicer Jeffries LLP, a Denver-based CPA firm specializing in audit, tax, accounting and consulting services for the securities and asset management industry. The deal (structured as two purchases of non-attest and attest assets by Cherry Bekaert Advisory LLC and Cherry Bekaert LLP, respectively) expands Cherry Bekaert's asset management capabilities and geographic coverage into the Rocky Mountain region and adds Cayman audit capability via Spicer Jeffries' affiliated Cayman office.
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- Buyer
- Capstone Accounting and Tax, Seaside Equity Partners
- Target
- Keller & Mendoza CPAs
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Addon
Capstone Accounting and Tax announced that Keller & Mendoza CPAs has joined Capstone, with Maury Keller joining as a Partner and continuing to lead the Vail office. The move marks Capstone’s first expansion into Colorado and the Rocky Mountain region; Capstone is backed by Seaside Equity Partners and is executing add-on acquisitions to grow its accounting platform.
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December 10, 2024
- Buyer
- Aprio
- Target
- Pontiff + Associates, P.C., Elite Tax & Accounting, LLC
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Buyout
Aprio has combined with Denver-based Pontiff + Associates, P.C. and Elite Tax & Accounting, LLC to expand its presence and capabilities in the Denver market. The combinations, effective Dec. 1, 2024, add local tax, client accounting, valuation and tax resolution expertise to Aprio's Denver office as part of the firm's broader growth strategy.
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February 1, 2024
- Buyer
- CBIZ, Inc., Mayer Hoffman McCann P.C.
- Target
- Erickson, Brown & Kloster, LLC
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Buyout
CBIZ, Inc. acquired tax and accounting firm Erickson, Brown & Kloster, LLC (EBK) of Colorado Springs, CO, effective February 1, 2024. Concurrently, Mayer Hoffman McCann P.C. acquired the attest assets of EBK; EBK has 50 employees and reported about $8.9 million in revenue over the past year.
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September 19, 2023
- Buyer
- Cogency Global Inc., Bertram Capital
- Target
- Tax Guard, LLC
- Seller
- Falfurrias Capital Partners
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Addon
New York-based Cogency Global Inc., backed by Bertram Capital, has acquired Westminster, Colorado-based Tax Guard, LLC from Falfurrias Capital Partners. The deal expands Cogency Global's tax risk assessment and compliance capabilities for lenders and other financial-services clients; terms were not disclosed and Raymond James served as Tax Guard's financial advisor.
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- Buyer
- Apex Accounting and Tax, Inc.
- Target
- Phases Accounting & Tax Service, Inc.
- Seller
- Debby Miller (Founder of Phases Accounting & Tax Service, Inc.)
- Industry
- Accounting & Tax
- Location
- Colorado, United States
- Type
- Buyout
Apex Accounting and Tax, Inc. has acquired Phases Accounting & Tax Service, Inc., a Colorado Springs–based accounting and tax firm founded in 1987 by Debby Miller. The deal, advised on the sell-side by SDR Ventures, brings Phases’ ~1,750 clients into Apex’s Littleton-based accounting platform to expand Apex’s service offering and regional footprint in the Rocky Mountain region.
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Frequently Asked Questions
Which Colorado cities appear most often in these accounting & tax acquisitions?
The deals in this page repeatedly reference Denver and Colorado Springs, along with coverage that frames expansion across the Rocky Mountain region.
Do the acquisitions typically cover both attest and nonattest services?
Many deals address both, sometimes with different operating structures—for example, Richey May assigns attest services and nonattest advisory services to different entities under the unified brand.
Are private equity–backed platforms a common buyer type in Colorado?
Yes. Ascend is backed by Alpine Investors, and Capstone Accounting and Tax is backed by Seaside Equity Partners, both pursuing add-on growth in Colorado.
What kinds of client industries or specialties are mentioned in these transactions?
Some deals highlight specialized end markets. For example, Spicer Jeffries LLP focuses on audit, tax, accounting, and consulting for the securities and asset management industry, and Tax Guard expands tax risk assessment and compliance for lenders and financial-services clients.