CohnReznick to grow Texas presence through combination with BKM Sowan Horan
(October 18, 2022 - New York, NY) – CohnReznick, a leading advisory, assurance, and tax firm, today announced a combination with BKM Sowan Horan (BKMSH), a prestigious Dallas, Texas based diversified accounting, tax, and advisory firm. The transaction, which is expected to close on November 1, 2022, represents a strategic investment in Texas for CohnReznick to support current and future client needs. As a result of the combination, CohnReznick will now have more than 80 employees in Dallas in addition to their team of 140 in Austin–collectively experienced in a variety of industries and services including transaction advisory, infrastructure consulting, and tax credit advisory.
“The BKMSH team makes an extraordinary addition to our commitment to the robust Dallas business community,” said CohnReznick CEO David Kessler. “We look forward to working with Rick, Mike, and our entire Dallas team to serve our clients and to continue the career growth for our new team members in our award-winning culture.”
Of the decision to combine, Sowan said, “We looked at how we could best serve our clients’ needs in the future and continue to create growth opportunities for our extraordinary talent. The culture, the client-service philosophy, the investment in technology, and the strong leadership at CohnReznick will enable us to build upon our history and accomplish our vision for the future.”
Barber added, “North Texas has become one of the most important business centers in the world. I’m thrilled that CohnReznick is aligned with the strategic importance of this great city and look forward to expanding our team and capabilities here to meet the growing needs of the community.”
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination commented, “BKMSH is an exceptional firm and was courted by many national firms looking to enter the Dallas market. Finding a home with CohnReznick is a cultural and strategic fit with tremendous synergies.” On future expansion, Koltin added “I wouldn’t be surprised to see CohnReznick adding other high performing firms nationally with a pedigree similar to BKMSH. CohnReznick is poised to be the profession’s next billion-dollar firm, but more importantly it is one that is “future ready” today with great leadership and talent throughout the organization.”
CohnReznick has experienced long-term growth in the state with a diverse client base that includes the Dallas Cowboys organization, for which they are also the official accounting firm. It has a 15-year history in Austin and houses a robust Government Advisory team in Austin and Houston, which supports the state with critically important major programs, including disaster recovery and the Texas Rent Relief Program.
Coming off an unprecedented year of growth, CohnReznick has been expanding its presence in several strategic markets. Last year, the firm opened an office in Miami and added three other offices by expanding its Northeast footprint through a business combination in Massachusetts. In growing the Dallas and Austin teams, the firm will be hiring at all levels.
Highlights of CohnReznick’s reputation include:
- For the second consecutive year, the firm was recognized by Newsweek as one of its 100 Most Loved Companies – the only public accounting firm on the list
- The firm was recently certified as a Great Place to Work®
- CohnReznick achieved more than 20% organic growth last year, including record expansion of its Transactions Advisory and Government Advisory practices.
- CohnReznick was recognized by Global M&A Network at the Transactions Advisor of the Year for 2022
The firm operates offices in Texas at:
- 14675 Dallas Parkway in Dallas
- 8400 Belleview Drive in Plano
- 8310-1 N. Capital of Texas Highway in Austin
- 816 Congress Avenue in Austin
- 5847 San Felipe Street in Houston
About BKM Sowan Horan
BKM Sowan Horan is a full-service CPA firm with deep expertise in audit, tax, and consulting. The elite group of professionals provides the best-in-class service and personal commitment to clients. Our partners bring together decades of public accounting experience and proven expertise in a diverse range of industries including natural resources, real estate, hospitality, healthcare, professional services, and investment management.