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In the News
Squar Milner and Thomashow, Brown & Paialii Combine Firms
Expansion Strengthens Accounting & Consulting Services
Los Angeles, CA – July 1, 2008 – Squar, Milner, Peterson, Miranda & Williamson, LLP, one of the largest southern California based independent accounting and consulting firm, has combined practices with Thomashow, Brown & Paialii, LLP, a full-service accounting and consulting firm located in Los Angeles, CA. Both firms will operate as Squar, Milner, Peterson, Miranda & Williamson, LLP (Squar Milner).
The combination provides Squar Milner’s audit and tax clients with access to Thomashow’s technical expertise and represents Squar Milner’s major expansion into Los Angeles and its ability to better serve clients in the greater Los Angeles area. Squar Milner also maintains offices in Newport Beach, San Diego and the Cayman Islands. Squar Milner was established in 1951.
“Today’s middle market clients demand more and more resources. The combination of the firms allows us to serve clients from Los Angeles, through Orange County to San Diego with a high degree of service, but the resources of a large firm,” said Stephen P. Milner, Managing Partner of Squar Milner.”
The announcement marks Squar Milner’s fourth expansion effort in the past two years, and supports its strategy to even better serve the middle market. In 2006, Squar Milner merged with Peterson & Co., headquartered in San Diego, CA, opened a Los Angeles office in 2007 and opened an office in the Cayman Islands in 2008.
Squar Milner is the largest Southern California based accounting and advisory firm. Together, the firm has over 200 professionals, including 28 Partners in four offices - Los Angeles, Newport Beach, San Diego and the Cayman Islands, who assist clients in all 50 states and in 51 countries. English, Spanish, Mandarin, Japanese, Arabic, Portuguese, Romanian, Czech, Taiwanese, Vietnamese, Russian and Korean are spoken within the firm.
Squar Milner is an independent member of BKR International, an association of 130 independent accounting firms with 300 offices in 66 countries. Member firms are selected on the basis of reputation, clientele, performance and professionalism.
About Squar Milner
Squar Milner is one of the nation’s 100 largest accounting firms as well as one of the largest independent accounting and advisory firms in California. Squar Milner has offices in Los Angeles, Newport Beach, San Diego and the Cayman Islands and a combined operating experience exceeding 75 years.
Our financial and accounting professionals provide high-end tax, accounting and consulting services to closely held businesses and SEC companies, their owners, and middle-to-high net worth individuals. Our dedicated consultants provide high quality consulting in connection with litigation support, bankruptcy, and financial planning. We are proud to be an independent member of BKR International.
About Thomashow, Brown & Paialli (now Squar Milner)
Thomashow, Brown & Paialii, LLP began business in May 1986. We bring with us many years of experience in the accounting profession. Each of our principals has over 20 years of experience as practicing Certified Public Accountants with a wide range of auditing, accounting, business planning and tax consulting expertise. Neither a giant nor a small firm, our firm is large enough to provide specialized skills and knowledge that clients require, as well as providing "state of the art" equipment, facilities and resources to our staff.
Squar Milner Newsletter
June 2008
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Community Bank News
April 2008
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Richard Sprayregen and Wendell Daniels Join Squar Milner
April 2008
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Greg Wahl Joins Squar Milner
December 2007
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Robert Rivero Joins Squar Milner
October 2007
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Katherine Gough Joins the Partnership
July 2007
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Peterson and Squar Milner Join
Forces
By Michael Kinsman
UNION-TRIBUNE STAFF WRITER
December 5, 2006
One of San Diego's oldest locally grown accounting firms has
merged with a Newport Beach firm to become what they say is
the largest accounting and financial advisory firm based in
Southern California.
Peterson & Co., founded in 1951, and Squar Milner have
completed their merger and are now operating under the name
Squar, Milner, Peterson, Miranda & Williamson. The new
firm will be based in Newport Beach.
No money changed hands as part of the merger. The five partners
of Peterson & Co. joined 11 partners of Squar Milner in
the new ownership.
Richard Evans, managing partner of Peterson & Co., said
the San Diego firm has grown by 35 percent to 40 percent over
the past three years and in recent months has been turning
away clients because it lacked resources to serve them.
“The advent of Sarbanes-Oxley (the 2002 accounting reform
and investor protection act that grew out of corporate accounting
scandals) and the demise of the Arthur Andersen firm really
generated a lot more business for local and regional accounting
firms, particularly those like us that do public audits,”
Evans said.
“The demand for our services has superseded the supply
of resources to handle it.”
The 40-person Peterson & Co. will maintain its Golden
Triangle office, where it serves 11 public companies, including
Aldila, a Poway-based golf club manufacturer, and Modtech,
a Riverside County designer and manufacturer of modular buildings.
Squar Milner represents about 30 public companies and has
170 employees.
Evans, who will continue to supervise the San Diego office,
said the company expects a growth rate of 15 percent to 20
percent in the year ahead.
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