Two Texas-based accounting firms have agreed to merge in a move partly designed to bolster their ability to attract new wealth management clients.
Weaver and Tidwell L.L.P. of Dallas announced it plans to merge with Polansky McNutt Perry & Company P.C. of San Antonio effective January 1.
Founded in 1950, Weaver and Tidwell is an independent accounting firms with 350 employees-including 280 accountants and consultants-and offices in Dallas, Forth Worth and Houston. It was ranked the largest independent accounting firm in the Southwest by Practical Accountant magazine, according to the firm.
The merger will allow Weaver and Tidwell to better serve its San Antonio clients and recruit more wealth management clients, according to company officials.
"Having a presence in San Antonio has been a priority for us," said Weaver and Tidwell Managing Partner W.M. "Mack" Lawhon. "This will allow us to be available on a local basis to clients who have offices in the region ... [and] also increase our wealth advisory practice."
Weaver and Tidwell's clients include large national and international corporations, publicy and privately held businesses, non-profit organizations and government entities.
Polansky McNutt Perry & Company, founded in 1991, is a full-service accounting firm that was ranked 11th largest in San Antonio by San Antonio Business Journal Book of Lists 2008, according to the firm. The firm and its employees, including 12 CPAs, will remain at its San Antonio location and use the Weaver and Tidwell name. Edward M. Polansky will serve as Weaver and Tidwell's San Antonio executive partner.