(FORT WORTH, TX) — Rick Baumeister, Managing Partner of Sanford, Baumeister & Frazier, PLLC, has announced that the Fort Worth-based accounting firm has acquired the accounting practice from Kent Altaras, CPA, effective immediately. Mr. Altaras is reducing his practice and beginning retirement.

          Financial terms of the acquisition were not disclosed.

          Per the agreement between the two firms, substantially all of Mr. Altaras’s clients will become clients of SB&F. Following the transaction, Mr. Altaras will work on site at SB&F one day each week to facilitate the transition.

          “This is a bittersweet milestone,” said Mr. Altaras. “I’m very close to my clients, but I could not have selected a more qualified and compassionate successor to serve them than the SB&F partners.”

          In addition to Mr. Baumeister, Sanford, Baumeister & Frazier partners include Allyson B. Baumeister, Brian D. Jenke, Susan S. Roberts, and Kevin L. Grubbs.

          “We are honored that Kent has entrusted us with his clients,” echoed Mr. Baumeister, “and we look forward to continuing his tradition of excellence with the Altaras & Thompson clients.”

          Additionally, Altaras senior manager Karen Abernathy, CPA, will join SB&F from Altaras & Thompson. George Thompson will continue business as usual with his clients.

          Founded in 1949, SB&F is a full service accounting firm that performs audits, tax planning and compliance, litigation support, pension administration and consulting, and merger and acquisition consulting for entities in real estate, oil and gas, financial institutions, automotive dealerships, trusts and estates, technology, healthcare, and retail. SB&F headquarters are in the historic Sinclair Building in downtown Fort Worth, Texas. Web site is www.sbf-cpa.com.

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