Fort Worth’s Whitley Penn accounting firm has acquired Dallas-based accounting firm JonesBaggett LLP. Cecil Jones, managing partner of JonesBaggett, and team will join the Dallas office of Whitley Penn boosting the firm’s Dallas area presence to 248 employees. No price was released for the transaction. The addition of the JonesBaggett team expands Whitley Penn’s financial institutions practice to include banks ranging in asset size from $60 million to $13 billion. These bank clients are located throughout Texas and neighboring states. Jones will serve as the firm’s practice group leader for the Financial Institutions Industry Group.
“Whitley Penn has distinguished itself in serving public and private clients, and we are pleased to join a firm that shares the same values regarding client service. Joining Whitley Penn will provide a broad platform for our clients and we are excited about the opportunity to be part of the firm,” Jones said. Established in 1983, Whitley Penn has offices in Dallas, Fort Worth and Houston; 40 partners; 300 employees; and a worldwide network affiliation via Nexia International. Whitley Penn has been consistently recognized as “One the Top 100 Firms in the U.S.”, currently ranked 58th and “Best of the Best” by INSIDE Public Accounting. The firm has also been named one of the “Best Accounting Firms to Work For” by Accounting Today, and one of “The Best Companies to Work For in Texas” by Texas Monthly.
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