Hibbs & Associates, PLLC has been acquired by CPA Innovations, LLC

CPA Innovations, LLC

ABOUT THE DEAL:

Hibbs & Associates, PLLC (also referred to as the “Company” and “Sellers”) has been acquired by CPA Innovations, LLC (the “Buyers”).

Established in 1984 and headquartered in Bardstown, Kentucky, Hibbs & Associates, PLLC is a full-service accounting firm that specializes in a diverse range of services, including individual and business tax preparations, estates and trusts, bookkeeping and payroll services, small business consulting, retirement and estate planning as well as non-profit organization consulting. Additionally, the Company has several members of its staff that are certified Notary Publics for those occasional instances when it may be required. The Company has proven expertise in providing unsurpassed accounting services that improve efficiencies, control costs, and maximize profits for their growth-minded clients. The Company strives to be a strategic partner in the long-term success of their clients.

CPA Innovations, LLC was founded to help accounting and finance firms compete and maximize margins in this challenging environment. Teaming up with Chartered Accountants in India with a pedigree of tax and advisory experience with the top firms, CPA Innovations provides a customized service to accounting firms and help ensure a significant margin improvement on the finance and accounting services they offer their clients.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, Hibbs & Associates, PLLC.  Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and provided the employees with a pioneering new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.