Doeren Mayhew expands outside Michigan via acquisition

Doeren Mayhew is one of Metro Detroit’s recognized growing firms because it’s expanding outside of the Great Lakes State.

The Troy-based CPA agency, founded in 1932, had become one of the largest CPA firms with its workforce centered in one location until it began expanding its footprint in recent years. It has now begun expanding into other markets, merging with Houston-based MFR, P.C. last year. It also opened an office in Florida.

“That has been a major growth strategy for us,” says Taryne Spirovski, director of marketing for Doeren Mayhew. “Our clients are not standing still in Michigan. We need to grow with them.”

That strategy has allowed Doeren Mayhew to achieve a ranking of 67th among the top 100 accounting, tax and business consulting firms in the United States by Accounting Today. The rankings are based on annual revenue size. Doeren Mayhew continued to grow thanks to its mergers, which increased the firm’s annual revenue by 14 percent.

That has also allowed the company to expand its workforce. The recent mergers have brought 50 new people to the company’s payroll. It now employs 250 people, including 200 in Troy.

Source: Taryne Spirovski, director of marketing for Doeren Mayhew
Writer: Jon Zemke

Read more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.