Hibbs & Associates, PLLC has been acquired by 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 operates a full-service accounting firm. The firm provides individual and business tax preparation, estate and trust services, bookkeeping, payroll, and small business consulting. The team also supports retirement planning, estate planning, and non-profit consulting. Additionally, several staff members hold Notary Public certifications for situations that require notarization. The firm delivers accounting services that improve efficiencies, control costs, and maximize profits for their growth-focused clients. The team aims to serve as a long-term strategic partner to its clients.
CPA Innovations, LLC launched in 2019 to help accounting and finance firms compete and expand margins in a challenging market. The firm partners with Indian Chartered Accountants who bring top-tier tax and advisory experience. CPA Innovations delivers customized solutions to accounting firms. These solutions improve margins on finance and accounting services for their clients.
Allston Advisory Group served as the exclusive financial advisors to the Sellers, Hibbs & Associates, PLLC. Allston conducted the Company’s valuation assessment, prepared a detailed confidential memorandum, and managed the sale process for the Sellers. The team supported buyer due diligence and maintained strict confidentiality throughout the transaction. Consequently, the deal delivered liquidity to the Sellers and introduced a forward-looking new owner for employees.
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.
