Moss Adams LLP, a national accounting, consulting and wealth management firm, has acquired Transacction Partners, a virtual outsourced finance and accounting firm. Effective April 1, 2018, the acquisition expands existing Moss Adams capabilities in outsourced finance and accounting, a quickly growing offering within the industry.
“Our clients are at the center of this acquisition. We want to meet our clients’ needs, wherever they are in their lifecycle,” said Rebecca Pomering, chief practice officer at Moss Adams. “Expanding our outsourced finance and accounting capabilities and adding the established platform and talented staff of Transacction Partners will provide us more flexibility to scale with our rapidly growing early-stage clients.”
Transacction Partners was founded in 2013, delivering cloud-based, outsourced financial, accounting and bookkeeping solutions to small and medium-sized organizations. Eleven professionals from Transacction Partners will join Moss Adams, including two directors.
“The Moss Adams brand is very well respected and will be a great asset for our future success,” said Tom Bourne, chief executive officer of Transacction Partners. “We have developed and proven our business in the marketplace. By joining Moss Adams we have the opportunity to leverage their existing capabilities and resources, significantly accelerating our growth and helping us to better serve our clients.”
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