Briggs & Veselka Co. has reached an agreement to acquire Seefeld Lawson Moeller LLP (“SLM”), a CPA firm based in The Woodlands, Texas. The transaction is expected to close before the end of this month. The SLM acquisition is the fourth this year by Briggs & Veselka, which acquired two other accounting firms and Pathway Forensics in the first quarter.
“SLM is a quality firm that will not only expand our geographic footprint, but will bring additional resources to Briggs & Veselka, especially given their deep experience in the not-for- profit sector,” said Briggs & Veselka’s Managing Shareholder, Sheila Enriquez. “In an industry that has been in the throes of consolidation, we are proud of our independence and our ability to provide both high levels of client service and sophisticated services to the middle market space, the driver of Houston’s booming economy,” she added. In a recently completed client satisfaction survey, Briggs & Veselka earned a 79 Net Promoter Score, which is nearly four times the industry average.
SLM has built a strong reputation in The Woodlands-Conroe area. “Our primary consideration in such a transaction was the right cultural fit for our clients and employees,” said Debra Seefeld, one of the founding partners of SLM, who will join Briggs & Veselka as a shareholder. “We will be able to lever Briggs & Veselka’s expanded service offerings and resources to better serve both our existing and new clients, while providing more growth opportunities for our staff” Seefeld, the past President of the Houston CPA Society, added.
Briggs & Veselka will continue to operate SLM’s current office in The Woodlands, as well as the new office for Pathway Forensics. “The Woodlands office of Briggs & Veselka will be able to provide audit, tax, and consulting services to the 7500 companies in the area, which has fulfilled George Mitchell’s vision of a complete community in which people could live and work,” Enriquez said.
Terms of the transaction were not released.