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Richard M. Stabler (left) and Charles A. Jordan are co-managing members of the newly formed Warren Averett Wilson Price.WILSON PRICE MERGES WITH ACCOUNTING FIRMS

Three CPA Firms are Merging to Create One of the Five Largest in the Southeast

February 2012

Compiled from wire reports

BIRMINGHAM – The Montgomery-based accounting firm of Wilson, Price, Barranco, Blankenship & Billingsley, P.C., is joining the firms of Warren, Averett, Kimbrough & Marino, LLC, and O’Sullivan Creel, LLP. Warren Averett is based in Birmingham and O’Sullivan Creel is based in Pensacola, Fla.

The newly combined firm, which is called Warren Averett, LLC, features 500-plus employees and operates 12 offices. Warren Averett will rank among the top 35 accounting firms in the country.

Each of three firms will offer increased services, which will include wealth management, staffing and recruiting, technology consulting and outsourcing and retirement plan administration and investments. Each firm will also have experts in such areas as health care, manufacturing, financial services, construction, aerospace and defense, life science and technology, public sector and real estate.

“The strategic move to combine Alabama’s largest firm, one of Montgomery’s most prestigious firms and a significant, regional Gulf Coast firm creates tremendous opportunity for all involved,” James W. Cunningham, CEO of Warren Averett, said in a statement. “The joint resources and expertise resulting from this move will enable us to draw from the best and brightest talent and experience to effectively serve each client.”

Cunningham will continue to serve as CEO and managing member of Warren, Averett, Kimbrough & Marino, which has offices in Birmingham, Huntsville, Cullman and Anniston, and affiliate offices in Auburn, Dallas and Houston.

Wilson Price will operate as Warren Averett Wilson Price with Charles A. Jordan and Richard M. Stabler retaining their roles as co-managing members.

“When we look at the state of the profession, we recognize that many of our clients are becoming more complex and sophisticated,” Stabler said in a statement. “Many are multi-national, multi-state and multi-lines of business, which calls for specialized, more strategic accounting services. This merger allows us to provide the best of these services.”

Jordan said in a statement, “The wonderful part about bringing three high-quality firms together is that we’ll be able to adopt the best practices of three great firms to make an even better firm.”

Wilson Price thanked its clients and friends in a letter and also wrote:

“During the past few years, we have watched our profession undergo significant changes which have caused us to be even more committed to raising the bar with the level of expertise we bring to our clients, while remaining focused on quality and personalized service. It is with this in mind that we would like to share with you some very exciting news.”

That news was the merger with the two other accounting firms, which was effective January 1. The letter also contained the following:

“Our highest priority is to ensure you consistent quality and proactive service. You may continue to reach us at our current addresses and all phone and fax numbers will remain the same. As we see opportunities to enhance our service to you, we may introduce new team members and services to add both value and expertise to your relationship with our firm.”

O’Sullivan Creel will operate as Warren Averett O’Sullivan Creel and Mort O’Sullivan will continue his role as managing member. In addition to its Pensacola office the firm has offices in Destin, Fort Walton and Crestview, Fla., and two Alabama offices: Foley and Fairhope.