Mountjoy & Bressler and Chilton & Medley to Merge

18 Sep 2009

Two of Kentucky's premier accounting firms - Mountjoy & Bressler and Chilton & Medley - are merging to form Kentucky's largest CPA firm. The merger will take place 1 November and the new firm will be called Mountjoy Chilton Medley.

Mike Mountjoy and Diane Medley will serve as co-managing partners.
"This is a marriage of equals," Medley said. "These are two excellent firms with long track records of client service and community involvement. It's a perfect match."

Mountjoy agreed: "The end result will be more than just the sum of its parts. This partnership will bring together the best practices of two large local firms to form one outstanding Kentucky firm with more resources so we can provide better serve our clients and provide more opportunities for our people at the same fee structure for clients."

The merger was also be an opportunity for significant growth, Mountjoy said.

"Over the years we have considered a variety of options to improve services to our clients and grow our firm," he said. "As with most businesses, we have considered merger and acquisition as one of the options."

Another advantage of the merger, Mountjoy said, is that "this will be a Kentucky-based firm serving Kentucky businesses and keeping tax dollars in the state vs. hiring an out-of-state firm with a local satellite office. We are committed to Kentucky."

The combined firm will have "the expertise in-house to address virtually any business issues that arise," Medley said.

"As a result of this merger, our clients will have access to more than 100 CPAs and over 200 professionals with diverse areas of specialisation, dedicated to our clients," she said. "Clients will still work directly with the same person the have always worked with, but now we'll have internal contacts to help with issues we might not have been able to in the past."

Medley said the merger will "ensure strong sustainability for our current clients and position us to guide and navigate the business plans of the region's growing marquee businesses and the entrepreneurial organisations that haven't yet been conceived of or even imagined."

She added: "It's about the future, and we have confidence that MCM will be setting the pace in our market, as well as being a strong contender in new markets we enter."

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