Barnes Dennig is joining together with Lucarelli Tactical Group and Ducks in a Row effective January 1, 2019. The combination will enable the combined company to offer broader resources and services to clients.
Lucarelli Tactical Group, founded in 2003 by Dino Lucarelli, CPA, offers succession planning, capital raising, mergers & acquisitions, business valuation and financial management services to middle-market businesses. Barnes Dennig provides similar and complementary services including business valuations, financial and tax due diligence, Quality of Earnings reports and transaction accounting. The combined organization will be called Barnes Dennig Transaction Advisory Group.
Ducks in a Row offers bookkeeping, accounting, QuickBooks® training and consulting and outsourced controller services for entrepreneurs, sole proprietors and non-profits. The firm was founded in 1994 by Tricia Reynolds. These services complement and broaden Barnes Dennig’s focus on middle-market assurance, tax and advisory services. Ducks in a Row will retain its name and will operate as a subsidiary of Barnes Dennig.
All told, Barnes Dennig employs 160 people and is a Top 200 CPA Firm according to research by Inside Public Accounting and is the fifth largest CPA firm in Cincinnati. Barnes Dennig has offices in downtown Cincinnati, Northern Kentucky and Indianapolis, Indiana.
“I’m excited to have Lucarelli Tactical Group and Ducks in a Row join forces with Barnes Dennig,” said Jay P. Rammes, CPA, Managing Director of Barnes Dennig. “Dino Lucarelli and his team have an excellent reputation for providing great advice and quality services. Succession planning and growth through acquisition are key initiatives impacting our clients,” noted Rammes. “Combining with Ducks in a Row is equally exciting. For all of my 24 years at Barnes Dennig, we’ve referred clients with bookkeeping, QuickBooks® and outsourced controller needs to other firms, including Ducks in a Row. Now we can serve clients throughout their life cycle. We’re glad to be able to provide enhanced services to our clients thanks to our combination with Lucarelli Tactical Group and Ducks in a Row,” he added.
Dino Lucarelli is a past winner of the Business Courier’s prestigious CFO of the Year award. Since 2000, he has been an adjunct finance professor in Xavier University’s MBA program teaching Private Company Sale and Valuation, Mergers and Acquisitions, and Corporate Finance. Dino’s community service includes past work with the United Coalition for Animals.
Ducks in a Row is well-known in the community having won numerous awards from The Cincinnati USA Regional Chamber and Milford Miami Twp. Chamber. In addition, CEO Tricia Reynolds is very active in the community holding a Board position with New Life Furniture Bank. She is involved in mentoring and teaching with SCORE, Aviatra Accelerators, Flywheel Social Enterprise and WBC. She is also a Cabinet Member of the Business Courier’s BizWomen group.
“This combination will be great for our clients and our people,” noted Dino Lucarelli, CPA, Principal with Lucarelli Tactical Group. “Our clients will have access to expanded services and expertise and our people will benefit from the resources and relationships of Barnes Dennig. This combination will provide critical mass so that together, we can help more clients on a deeper level.”
Tricia Reynolds, President & CEO of Ducks in a Row, shares Lucarelli’s enthusiasm, “Since 1995, we’ve been helping business owners to ‘get their financial ducks in a row’ – to quickly and clearly understand and act on their financial data. Being part of Barnes Dennig will give our clients access to resources that can help them solve a broader array of business challenges.”
Lucarelli joins Barnes Dennig as a Director, bringing the firm’s Director total to 28. Reynolds joins as a Principal. Rammes continues as Managing Director of the combined firm. Five Lucarelli Tactical Group employees and five Ducks in a Row employees will join Barnes Dennig.
Barnes Dennig, is a well-respected accounting, tax and advisory firm offering a comprehensive array of services for closely held businesses and non-profit organizations. Specialized services include international tax and business services, employee benefit plan auditing, tax consulting, business valuations, fraud/forensic accounting, IT auditing and other services. The firm also serves high net worth individuals with tax, wealth and estate planning services. The firm possesses special expertise in the manufacturing, wholesale-distribution, construction, non-profit, health care, technology and service sectors.
The combination of Barnes Dennig, Lucarelli Tactical Group and Ducks in a Row strengthens the market position of the combined entity and gives Barnes Dennig the broad complement of services that companies and organizations look for in service providers.
“Business is more competitive now than at any time in my career,” commented Rammes. “To compete, clients need insights and ideas from a diverse point of view and this combination strengthens our ability to deliver on our promise to provide exceptional client service.”