REDW LLC, one of the Southwestâ€™s 10 largest advisory and CPA firms and recognized among INSIDE Public Accountingâ€™s Top 200 Accounting Firms, has announced that Phoenix-based tax and accounting firm Edwards, Largay, Mihaylo & Co., PLC (ELMCO) has joined with REDW effective October 31, 2022, increasing REDWâ€™s Phoenix office to nearly 100 team members.
What started as casual conversations between business colleagues evolved into more strategic discussions about business philosophies and best practices for innovation and high performing firms. With a shared vision about elevated client experience, Mike Allen, Principal-in-Charge of REDWâ€™s Phoenix Office, and Jeffrey Largay, Principal at ELMCO, discussed the possibility of merging the two organizations about 12 months ago. It soon became clear that joining forces under one brand would make for a winning formula, both for the merging firms and the market.
â€œREDWâ€™s strategic growth plan in Arizona has not only been to elevate our clientsâ€™ experience with us, but to cultivate opportunities to join forces with other reputable firms that have a unique understanding of the local market,â€ said Allen. â€œWith a similar concentration of expertise in the commercial space, including construction, real estate and professional service providers, we knew the ELMCO team would be an excellent fit, and would also strengthen REDWâ€™s expansion in the areas of estate and trust tax planning.â€
Licensed in Arizona and specializing in tax compliance, business and tax consulting, and accounting services, ELMCO team members bring a wealth of seasoned expertise to entrepreneurs, executives, and independent professionals who can now entrust their business affairs to REDWâ€™s high level of multi-disciplinary expertise.
â€œSince the founding of ELMCO 34 years ago, we have taken great pride in providing the highest quality of consulting and compliance services to our business clients,â€ says Largay. â€œREDWâ€™s reputation in the marketplace and client service initiatives align with the guiding principles of ELMCO, making this union a great match. The ability to strengthen our services in the areas of multi-state and international taxation, along with accounting services, will be a great benefit to our clients. We are looking forward to integrating into REDW and contributing to the entrepreneurial spirit that is a driving force of the firm culture.â€
â€œWhether with other firms or in our internal practices, weâ€™re big on collaboration here,â€ says Principal Christina Roderick, who leads REDWâ€™s Tax practice from the firmâ€™s Phoenix office. â€œComing up on REDWâ€™s 70th anniversary in 2023, we plan to continue evolving the way we practice and nurture expansion. We want to make sure mid-market businesses can benefit from trusted expertise that will help them tap into game-changing growth.â€
Effective October 31, 2022, all ELMCO employees relocated to the REDW offices at 5353 N 16th St. Suite 200, Phoenix, AZ, 85016.
â€œWe know this is a significant transaction in the Phoenix market,â€ says REDW Managing Principal Steve Cogan. â€œAs we see M&A activity nationwide to be quite active, this union speaks to REDWâ€™s commitment to remain a relevant, independent firm. Weâ€™re thrilled to be aligning with like-minded firms that are driven by a desire to respond quickly to market conditions and, ultimately, help clients achieve their financial and business goals.â€