M&A roundup: Platform, Springline, Sorren and Patrick expand

Platform Accounting Group, based in Holladay, Utah, has expanded its presence in Oregon. Watters and Associates, in Roseburg, Oregon, has joined Platform firm DHS Advisors; and Brown and Bakondi, in Oregon City, will merge with Iron Creek Advisors, another of its firms. The additions will expand and strengthen Platform’s presence in the Pacific Northwest.

DHS Advisors provides a wide range of services to individuals and businesses focused on the real estate, medical, and dental industries. The firm also offers trust and estate, investment, retirement planning, and more. Iron Creek Advisors specializes in audit mitigation and profile reduction, helping clients resolve IRS and state disputes.

Financial terms of the deals were not disclosed. DHS has one principal and 14 staff members. 

Iron Creek has two principals and 13 staff members. 

In August, Platform added AWG Wine Advisors, formerly known as Allen Wine Group, based in Santa Rosa, California. In July, the private equity-funded firm added Madison Street Advisors, formerly known as McCormick Tax Group, based in downtown Chicago. In February, it added Keystone Advisor Group, formerly known as Heckman & Laudeman, in Orwigsburg, Pennsylvania. Last month, Platform added AKM Advisors, a firm based in New York. Last December, it added Midwest Advisors, formerly known as Philip+Rae & Associates, in Naperville, Illinois, and Crossroads Advisors, formerly Peachin Schwartz + Weingardt, in Indianapolis. In 2023, the firm acquired and rebranded several firms in California, including Alpert & King and R.O.A.D in Thousand Oaks, JHS in Danville and Anaheim, and Hamilton & Co. in Modesto. Last year, it received an $85 million funding round led by Cynosure Group of Salt Lake City.