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Ohio firms acquires KRMT


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  • | 5:50 p.m. November 5, 2010
  • | 2 Free Articles Remaining!
  • Tampa Bay-Lakeland
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One of the Tampa Bay area's largest accounting firms was acquired by a public company based in Cleveland yesterday, as CBIZ Inc. obtained the business of Kirkland, Russ, Murphy & Tapp P.A. (KRMT) for an undisclosed amount.

KRMT has provided clients with its financial services since 1991. Today, the company employs 75 associates, and generates $12 million in annual revenues.

The acquisition of KRMT is expected to add $0.01 in per share earnings to CBIZ's financials. In 2009, the Cleveland firm earned $31.4 million in profits on $739.7 million in revenues.

KRMT is headquartered in Clearwater, on Feather Sound Drive. Jack Kirkland, Andrew Russ, Bruce Murphy and William Tapp represent the firm's namesakes.

 

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