Armanino buys business management firm Bemel, Ross & Avedon
Armanino, a national accounting and consulting firm, has acquired Bemel, Ross & Avedon (BRA), a Los Angeles-based business management CPA firm.
Founded in 2017, BRA works with leading entertainers and executives in the film and music industry. The firm has 25 people, including partners Brad Ross and Dean Avedon.
The deal will grow Armanino’s business management practice to 160+ professionals across entertainment hot spots in LA, New York, and Nashville.
The practice helps entertainers and athletes preserve and grow their net worth with solutions in cash management and financial planning, investment guidance, tax planning and preparation, bookkeeping, and real estate advisory.
“Brad, Dean, and the whole team have a tremendous amount of experience, are well-established leaders in the industry and we couldn’t be more excited to have them as a part of Armanino,” said Jason Zayon, partner, business management at Armanino. “Our expansion is driven by our commitment to enhance our capabilities and develop best-in-class offerings for our clients. This is why we prioritize building a world-class experience for the full spectrum of our services whether it’s family office, royalty compliance, valuations, audit, tax consulting, or business management.”
The transaction, for which financial terms were not disclosed, completed on June 1, 2023.
The BRA deal follows Armanino’s April acquisition of Nashville-based Blue Sky Group, a music business management firm, and Royalty Compliance Organization, a music rights and royalty auditing firm. The acquisitions expanded Armanino’s footprint into Music City.
“We’re proud to join what we believe will be the number one business management and tax service firm in the country,” Ross said.
Based in San Ramon, CA, Armanino is the 21st largest accountancy in the US, with more than 2,500 employees and annual revenue of $444.1 million, according to Inside Public Accounting.
The firm recently launched a strategic marketing outsourcing (SMO) service as part of its wider outsourcing business.
