SolomonEdwards, a US-based professional services firm, has acquired Steele Consulting to enhance its tax services.
The details of the transactions were not disclosed.
This acquisition allows SolomonEdwards to offer expanded tax support services across state, local, federal, and international jurisdictions.
Steele Consulting, founded by Jay Steele in 2005 in the US, specialises in navigating complex tax regulations and ensuring compliance with statutory frameworks.
Following the acquisition, Steele Consulting will bolster SolomonEdwards’ accounting and finance operations, collaborating with tax department heads and the CFO’s office.
Jay Steele will join SolomonEdwards as a partner, and all 35 full-time employees will transition to SolomonEdwards, ensuring service continuity for Steele’s existing clients.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThese clients are expected to benefit from expanded support in finance, operations, and project management.
This acquisition is part of SolomonEdwards’ ongoing national expansion strategy.
Steele Consulting founder and CEO Jay Steele said: “Our philosophy has always been to hire exceptional tax professionals to provide the highest level of service to our clients. This acquisition, along with the continued retention of our clients and consultants, demonstrates our remarkable success.
“Combining our expertise with SolomonEdwards opens up exciting avenues for growth and innovation, benefiting both our clients and our tax professionals.”
SolomonEdwards CEO John Gulnac said: “We looked at the work that Jay and his team have accomplished and immediately identified tremendous synergies between our firms.
“Their high standards of service and deep expertise are the exact qualities we want to offer our clients as we expand our firm. The addition of an accomplished firm like Steele to SolomonEdwards bolsters our diversified suite of accounting & finance solutions.”
The latest deal follows the November 2024 acquisition of Dominion Advisory Group, a US-based anti-money laundering advisory and financial crime consulting firm.
