Skoda Minotti’s origins date back to 1980, when our founding member recognized the need to serve a niche market of small to midsize companies. The vision was to provide more than accounting services to clients; we wanted to help these businesses grow and achieve greater success.
As our firm grew rapidly throughout the '80s, it was named to the Inc. 500 list of fastest growing private companies from 1987-89, making it the fastest growing firm of its kind in the country.
In mid-90s, we had an idea that would revolutionize the accounting industry—a new business model that permitted non-CPA ownership of CPA firms and separated service lines of business in a way that permitted unlimited capital investment in the business from non-CPA owners. We worked with the American Institute of Certified Public Accountants, the attorney general’s office and dozens of state accountancy boards to receive approval of our new model. We co-founded a public company that would bring together essential business services for small to midsize businesses, such as accounting, information technology, litigation advisory services, financial services and business valuations, and by doing so, add value for our clients.
From October 1996 through 1998, we led the new public company through an era of unparalleled expansion. Our teams visited, researched, interviewed and performed due diligence on 2,000 companies and eventually purchased 130 of these businesses at a cost of over $650 million over this two-year span. During this time period, the company would grow to 5,500 employees, over 240 offices in 40 states and would achieve over a $2 billion market cap. Based on 1998 results, Fortune Magazine listed the firm as one of the 100 fastest growing public companies in America.
In 2001, we re-entered the private sector with a core of talented professionals dedicated to Delivering on the Promise to our clients, employees, business contacts and community.
Since that time, our firm has received numerous awards for its rapid growth and was named to the Inc. 500 list for a fourth and fifth time, joining only 81 other companies named to the Inc. 500 Hall of Fame dating back to when the list was first released decades earlier.
In 2006, we registered with the Public Company Accounting Oversight Board which authorized Skoda Minotti to prepare and issue audit reports on U.S. public companies.
We further developed our niche service offerings to truly provide our clients with a complete business advisory experience.
To more efficiently serve our growing client and employee base, Skoda Minotti opened our Fairlawn, Ohio (Akron area) office in 2008 and a third location in Tampa, Florida in 2012.
We also completed several acquisitions in order to broaden our service offerings to our clients and add depth to our professional staff. Major acquisitions completed during this time period include Baumann, Raymondo & Company PA (an accounting firm in Tampa, Florida), Dowell & Perez (an accounting firm in Tampa, Florida), Lomax, Soful & Foster (an accounting firm in Akron, Ohio), DataServ (a technology services firm in Westlake, Ohio) and Assurance Concepts (a risk advisory services firm in Tampa, Florida).
In 2014, the firm joined The Leading Edge Alliance, the second largest international association of independently owned accounting and consulting firms in the world, and the largest in the U.S.
With over 300 partners and employees, we operate out of four offices and offer an array of business and financial advisory services to individuals, businesses and nonprofit organizations. We serve clients in industries that include real estate and construction, financial services, manufacturing and distribution, professional services, retail, health care and life sciences. Current practice areas include accounting and auditing, tax, business and HR consulting, employee benefits, exit planning, financial services, information service technology, international tax, investment management, marketing, sales and local tax, staffing, small business, transaction advisory services, and valuation and litigation advisory services.
To learn more about Skoda Minotti, contact any of our offices.