August 2, 2013

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Eide Bailly Acquires Hansen, Barnett & Maxwell

Press Release

August 2, 2013

Salt Lake City — Hansen, Barnett & Maxwell (HBM) will join Eide Bailly Sept. 1.

Two other Utah firms have joined Eide Bailly this past year. Ogden-based Schmitt, Griffiths, Smith & Co. joined in November, and Salt Lake City-based Lake, Hill & Myers joined July 1. The addition of HBM brings Eide Bailly’s Utah staff to 125 and raises its total staff to 1,300, including 194 partners. Eide Bailly is one of the 25 largest CPA firms in the country, with total revenues of $171 million for the fiscal year ending April 30. HBM will add an additional $7 million of revenue to the combined firm.

“Adding HBM continues our strategy to expand west of the Mississippi River and better serve mid-market clients,” said Eide Bailly Managing Partner/CEO Dave Stende. “Our goal is to continue a high level of growth because it provides more opportunities for our people and adds services for our clients.”

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