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HMWC to be Acquired by Eide Bailly

HMWC CPAs & Business Advisors, the 15th largest accounting firm in Orange County, will be acquired by Eide Bailly, effective May 18. Terms weren’t disclosed.

Tustin-based HMWC brings 13 partners and 80 staff to Eide Bailly, which has 350 partners and 2,500 staff. Fargo, N.D.-based Eide Bailly, with $385 million in annual net fees, is one of the 25 largest U.S. accountancies with 40 offices in 15 states, including 10 in California.

The deal “will help us serve clients even better by allowing us to offer additional resources and services,” HMWC Managing Partner Steve Williams said in a statement.

HMWC is 52 years old and has focused on industries including medical, dental, construction and real estate. Eide Bailly began in 1917 and has more than doubled its revenue since Dave Stende became managing partner in 2013.

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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