Accounting Firm Carr, Riggs, Ingram Acquires Florida-Based Proctor Crook

Top 25 CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI) has merged Martin, Palm Beach, and St. Lucie County, Florida-based firm Proctor, Crook, Crowder & Fogal. All office locations now operate under the CRI name, and the personnel join a team of more than 1,600 professionals serving clients from locations across the Southern United States.

“Our existing concentration of clients in Florida is greatly bolstered by this exciting merger, which serves as our entrée into the Southern part of the state,” said William H. Carr, chairman and managing partner of CRI. “We look forward to increasing this presence in the South Florida market throughout the next several years.”

Proctor, Crook, Crowder, & Fogal has been performing accounting, auditing, wealth management, and business valuation services throughout Florida since 1974. Joining CRI allows the team to provide specialty services – such as cost segregation studies and risk assessments – that complement their current service offerings. Furthermore, through CRI’s portfolio companies, the firm can now grant clients access to investment banking and wealth management, as well as IT audit specialty services related to SOC reporting, PCI, FISMA, and ISO.

Allan D. Koltin, chief executive officer of Koltin Consulting Group who advised both firms on the merger, commented, “CRI quickly figured out that accounting and consulting firms are really ‘people businesses,’ and the firm excels in attracting and retaining top talent. Combine that with the incredible success they have had with merging high performing firms, and it becomes apparent why they are the country’s fastest-growing first generation firm in the Top 100. Proctor, Crook, Crowder & Fogal was approached by other regional and national firms, but their team fell in love with the CRI culture and client service philosophy. Additionally, they are excited about the CRI talent and resources that already exist in the greater Florida market.”