Stambaugh Ness Announces Acquisition of T. Wayne Owens & Associates, PC and TWO CPAs & Consultants, Inc. (TWO)
Combination Strengthens Firm’s National Architectural & Engineering Market Leadership
November 9, 2020– Stambaugh Ness (SN) announced that effective November 9, 2020, it has acquired T. Wayne Owens & Associates, PC, a certified public accounting firm headquartered in Augusta, GA, and TWO CPAs & Consultants, Inc., a consulting firm headquartered in Dublin, OH. Joining the firm as Owners are T. Wayne Owens, CPA, CGMA, CDA; Mindy L. Toole, CPA, CGMA, CDA; Brad Wilson, CMA, CDA; and Becky Carlson, CPA, ABV, CDA. In addition to the new owners, 12 employees have joined SN.
This combination strengthens SN’s position as an Architecture & Engineering (AE) thought leader and the go-to national firm serving the AE industry. Delivering solutions that are anticipatory, products that are innovative, and approaches that focus on transforming businesses, SN serves over 1,000 AE clients nationally in all 50 states with team members in 19.
SN President and Chief Executive Officer Steven L. Hake states, “We are thrilled to bring together three organizations that are equally dedicated to exceptional client service and laser-focused on serving the AE industry. TWO is highly respected not only by their clients and colleagues, but as national AE authorities, particularly for their specialized expertise in government contracting.
Wayne Owens, Owner of both firms, says, “I am really excited about our future with SN. As we have grown, we have changed in order to live up to our tagline ‘Built for A/E/C’. First by adding the expertise of Brad Wilson and Becky Carlson through TWO CPAs & Consultants, Inc. This allowed us to offer an expanded range of services focused on AE including valuations, ownership transition, and mergers and acquisitions. SN is the next step in our growth. Their offerings for Deltek, including Ajera, as well as other technical support, focused on the AE industry fulfills the vision Mindy and I shared when we started ten years ago.”
In conjunction with this acquisition, SN is launching a new Government Contract Services practice area that will be led by Wayne Owens. This focus area will leverage Wayne and his team’s exceptional knowledge and understanding of government contracting including the Indirect Cost Rate audits under the Federal Acquisition Regulation (FAR), as well as their deep relationships with Departments of Transportation, nationally.
About Stambaugh Ness
Stambaugh Ness is a multi-discipline, professional services firm serving clients nationally with a strategic focus on the architecture and engineering, professional services, construction and real estate, and manufacturing industries. Through the Stambaugh Ness family of companies, clients have access to a sophisticated menu of services including compliance, business and tax advisory, technology, Microsoft solutions, Deltek ERP software, and NextGen solutions.
The firm is an independent member of the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals.