CliftonLarsonAllen (CLA) announced the acquisition of the tax and accounting business segments of AgStar Financial Services.
CLA operates headquarters in Milwaukee and Minneapolis. "AgStar has earned a solid reputation with its clients through industry specialization, quality service and expertise," said CliftonLarsonAllen managing partner Terry Enger. "We've had a strong presence and leadership position in the agribusiness community for many years. We are excited about expanding our resources and knowledge in this area, as well as the many growth opportunities this brings to our clients and future clients." Mankato, Minn.-based AgStar is a Cooperative Farm Credit Association that provides accounting and tax services. Together, CLA and AgStar will incorporate tax planning, tax compliance and a service bureau with all accounting services. AgStar clients will continue to receive the tax and accounting services they've come to expect, with the added benefit of a comprehensive team of specialists working behind the scenes to ensure their tax planning, tax preparation and accounting needs are met. "Coming together with AgStar will expand our industry specialization; we are particularly optimistic about the opportunities in agribusiness," said Enger. "Together, our two organizations will be a powerhouse in this industry, delivering a new level of knowledge and insight, which means better things for clients and employees." With the acquisition, 17 professionals, including partner Rod Mauszycki, will join CLA.