Englewood, CO-based advisory, accounting, and technology consulting firm Richey May said Monday it has acquired Wagner, Kaplan, Duys & Wood, an advisory and tax services firm in Rockville, MD.
Financial terms of the deal weren’t disclosed.
Richey May said Feb. 9 that the acquisition bolsters its expanding national platform, which brings together regional and specialized accounting and advisory firms that share a common vision centered on specialization, technology-enabled service, and a people-first culture.
Richey May operates in an alternative practice structure following an outside investment from New York City-based private equity firm F3 Partners. Operating under the shared Richey May brand, Richey, May & Co. LLP, a licensed CPA firm, performs attest services, while RM Advisory LLC, which isn’t a CPA firm, performs non-attest services.
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Founded in 1993, Wagner Kaplan will immediately adopt the Richey May brand, consistent with the national brand transition already underway across recently joined firms.
According to its LinkedIn profile, Wagner Kaplan is a tax boutique CPA firm that provides tax planning and tax compliance services to domestic and foreign investors and developers in large U.S. commercial real estate investments; high-net-worth individuals, particularly Am Law 100 law firm partners; and middle-market businesses, including construction companies.
The firm also said it provides tax strategies and tax compliance services to private equity firms and family offices that represent foreign investors in large inbound U.S. commercial real estate investments. The firm works with these clients along with their financial and legal advisors to reduce the impact of federal and state income taxes on their inbound commercial real estate investments. This includes preparing both entrance and exit tax models to minimize taxes and budget for U.S. income taxes and withholding taxes, Wagner Kaplan said.
With Wagner Kaplan joining the Richey May platform, clients will benefit from expanded resources, enhanced depth of technical expertise, and broader specialty service offerings—all while maintaining the same client service teams, industry focus, and high-touch experience they have relied on for decades, officials say.
Wagner Kaplan clients can expect the same dedicated service teams and high-quality advisory and tax solutions they have always received—now supported by the additional capabilities, technologies, and resources of a national firm.
“WKDW is one of the preeminent CPA and advisory firms in the greater D.C. market. Their combination with Richey May provides a tremendous strategic lift and growth opportunity to both firms,” said Allan Koltin, CEO of Koltin Consulting Group, who advised Wagner Kaplan on the deal. “I would expect to see more high-performing firms combining with Richie May going forward.”
Photo credit: University of Denver Daniels College of Business
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