Chester will be home to a branch of one of the largest accounting firms in the country. Goodman & Company’s March 1 merger with Dixon Hughes will form a CPA powerhouse, creating certainly the largest firm in the Southern U.S. and the 13th largest in the nation.
The combined firm will be known as Dixon Hughes Goodman LLP. Goodman merged with West, Crawley and Winn, a local CPA firm that was located in a house on Route 10 opposite Walmart for a number of years, in June 2007.
Dixon Hughes Goodman will employ 1,700 people in 30 offices in 11 states and Washington, D.C., retain all of Goodman & Company’s existing Virginia, Maryland and Washington, D.C., offices and seek to expand its presence within this footprint as part of the merger, according to information provided by the company.
“The nice thing is that Dixon Hughes doesn’t have a presence here in Virginia,” said Jim Winn, the partner in charge of the Chester Goodman & Company office. “Things will stay the same here and our clients will see the same people in the office.” Winn said the only change will be the sign on the front of the office, which is located in Festival Park at Chester Village Green.
Thomas H. Wilson, managing partner of Goodman & Company, will become deputy chairman and chief operating officer of the new firm. Charles Edgar Sams, Jr., chairman of Dixon Hughes, will continue to serve as chairman of the new company, and Kenneth M. Hughes, chief executive officer of Dixon Hughes, will also remain in that position.
“This is a tailor-made fit that will benefit the firm, our staff and most importantly, our clients,” Wilson says in a release from the company. “Both organizations will gain increased industry expertise and depth and see new geographic opportunities for growth. Clients will have broadened access to capital networks and industry best practices, while our employees will see more robust training options, increased opportunities for industry specialization and greater mobility between offices.”
The combined company will offer a plethora of accounting services covering industries from government contracting, manufacturing, healthcare, construction, to car dealerships, real estate and nonprofits to traditional services in the areas of accounting, auditing and taxes. The firm will also offer a complete line of services designed to address client challenges, including retirement planning services, outsourced accounting, transaction advisory services, risk management services, tax advisory services, fraud and forensics, business valuation/litigation support international tax, sales and use tax consulting and human resource consulting.
“This merger gives us a real opportunity for growth,” said Winn. “We’ll now be able to reach out to other industries.”