HMA CPA acquires Kavadias accounting
Firm working out of two offices with plans to seek single, combined spaceDecember 16th, 2021
Spokane accounting firm HMA CPA PS has acquired a smaller Spokane firm, Kavadias Group PLLC, and the combined firms will operate under the HMA name, says shareholder Kevin Sell.
In the transaction, HMA has brought on all eight staff members from the Kavadias practice, including its namesake Jeff Kavadias, Sell says. Kavadias isn’t a principal in HMA, he says.
With the acquisition, HMA will have a staff of 29, including 25 accountants, making the firm, which was once regarded as a boutique practice, one of the largest locally owned accounting firms in Spokane, Sell claims.
Sell declines to disclose the terms of the acquisition, which was completed earlier this month.
For now, HMA will operate out of two locations—its longtime office on the fourth floor of the Cutter Tower, formerly known as the Sherwood Building, at 510 W. Riverside downtown, and the former Kavadias office, on the second floor of the West Coast Life Building, at 1124 W. Riverside, on the western edge of the city’s core.
“We’ll continue to work in both locations for the immediate future,” Sell says. “But we’ll be looking for combined space.”
HMA provides tax, assurance, and accounting services to individuals and businesses throughout the Inland Northwest. Kavadias Group was described on its website as a full-service accounting and business consulting firm.
The acquisition will bring additional services to HMA, including estate planning, mergers-and-acquisition expertise, and expanded accounting advisory services, Sell says.
“We’ll be able to expand services to both client bases,” he adds.
In addition to Sell, HMA’s shareholders are Kristi Bushnell, Laura Hays, and Mike Whitmore.
HMA originally was founded in Spokane as Heiskell & MacGillivray in 1983, and the name evolved to Heiskell MacGillivray & Associates in 2002, and HMA in 2015. The firm acquired Spokane accounting firm Dorendorf & Associates PS in 2018.
Kavadias Group was founded here in 2002.