Herbein Announces Acquisition
Certified public accounting firm Herbein + Company, Inc., announced the acquisition of Michael L. Cross & Company, Ltd., a certified public accounting firm which has served the greater Pottstown, PA region since 1982.
All current members of Michael L. Cross & Company, Ltd. will join Herbein + Company, Inc., and continue practicing from the same Pottstown office with the added resources of Herbein.
Herbein + Company, Inc. Chief Operating Officer Michael J. Rowley, ABV/CVA, CPA, CFF said, “We have respected Michael L. Cross & Company, Ltd. for many years, so this a particularly exciting transaction. We share a commitment to building long-term client relationships, and we believe that Herbein’s resources and experience will further enhance every client experience. Montgomery County is poised for great economic growth for small and midsized businesses, and we are thrilled to add our firm’s eighth office in the heart of Pottstown.”
Terms of the agreement have not been made public. However, the strategy behind the merger is two-fold for Michael L. Cross, President of Michael L. Cross & Company, Ltd. who states, “As our business clients grow, they require greater industry knowledge and strategic planning. Our individual clients will benefit from Herbein’s depth in areas such as estates, retirement, education, income tax, trusts, investments and other areas of personal finance. Another important aspect of this merger is to provide a succession plan for our clients. While neither my colleague Cindy Smith nor I plan to retire any time soon, this transaction assures continued quality services for all our clients into the foreseeable future.”