AKT Announces Merger

Oregon-based AKT unites with Grice Lund & Tarkington of California in marriage of two growth-focused firms

 

PORTLAND, Ore. (Jan. 5) – The financial services firm of Oregon-based Aldrich Kilbride & Tatone (AKT) and San Diego’s Grice Lund & Tarkington (GLT) are merging, effective immediately, to become one company under the AKT name.

The merger escalates AKT’s already noteworthy growth with its CPA, wealth advisors and benefits advisors firms and enables the clients of the combined firm to enjoy an enriched service platform. The combined company will retain the existing partnership groups and will employ more than 200 professionals and staff in six offices worldwide with locations in Oregon, California, and India.

 

“Maintaining our current growth rate required us to aggressively bolster our staff and resources,” Stephen Tatone, CEO of AKT, explains. “The quality of our merger partner immediately enables us to expand our talent pool and will help our clients achieve their goals.”

 

The symmetry of AKT’s and GLT’s work cultures and financial service offerings should enable a seamless transition. For example, AKT’s rapidly growing healthcare practice will combine with GLT’s substantial healthcare niche and make it possible to serve existing and new clients with additional depth and expertise.

 

“By combining our talent pools, we improve our ability to address client needs in the changing environment of accounting and financial services,” GLT Managing Partner Ron Mitchell says.

 

The new company retains AKT’s 15 partners and GLT’s eight to form a team of 23, with Stephen Tatone remaining as CEO and Managing Partner of the combined firms. The headquarters will remain in Salem, Oregon. Both companies serve clients throughout the western United States, and AKT has clients in Hawaii and American Samoa.

 

ABOUT AKT

 

Founded in 1973 by former Salem Mayor Kent Aldrich, AKT began as a CPA firm and grew into a full-service financial services company providing organization and financial consulting, benefit advisory and administration services, and wealth management services. AKT is now a family of companies that includes AKT Benefit Advisors LLC, AKT Retirement Plan Services LLC and AKT Wealth Advisors LLC. AKT’s clients span a number of industries, with concentrations in construction, telecommunications, agriculture, government and nonprofit.

 

ABOUT GLT

 

GLT was established in 1949 and has grown to provide a range of services, including benefit advisory and wealth advisory services. GLT’s clients also encompass several industries, with concentrations in healthcare, nonprofit, real estate and manufacturing. GLT includes GLT Wealth Advisors, Audit West Coast, and Huron Pension Services.