Howard accounting business acquires rival

January 27, 2001|By TaNoah Morgan | TaNoah Morgan,SUN STAFF

A Columbia accounting business has bought a smaller, rival firm and its clients in a move that makes Peacock, Condron, Anderson & Co. one of the largest in Howard County.

The acquisition brings to 40 the number of certified public accountants and other professionals at PCA and adds international taxation expertise to the group. All of the employees from the acquired firm, Valderas, August & Horowitz, will continue with PCA, company officials said.

"They have the same culture; they take care of their employees, and they take care of their clients," said Retha A. Valderas, owner of the smaller firm, which had seven employees at its Columbia headquarters. "It's just a great fit."

Valderas' partners, Jeanine August and Matt Horowitz, have joined PCA as principals, and the group will remain at its Stanford Road location at least until summer.

PCA, which started three years ago with 18 professionals, specializes in accounting services for small to midsize biotechnology and high-tech companies, trade associations and nonprofits. The company has added several nontraditional services such as insurance, small-business bookkeeping, financial planning and technology.

PCA President James S. Peacock, who plans to seek more mergers and acquisitions this year, said the Valderas firm is "very well respected" in the community.

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