Divestiture • Business Services

Herbein Acquires Financial Outsourcing Solutions

On January 3, 2013, Herbein acquired business services company Financial Outsourcing Solutions from McKonly & Asbury

Acquisition Context
  • This is Herbein’s 1st transaction in the Business Services sector.
  • This is Herbein’s 1st transaction in the United States.
  • This is Herbein’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date January 3, 2013
Target Financial Outsourcing Solutions
Sector Business Services
Buyer(s) Herbein
Sellers(s) McKonly & Asbury
Deal Type Divestiture

Target Company

Financial Outsourcing Solutions

Allentown, Pennsylvania, United States
Financial Outsourcing Solutions LLC (FOS) is a provider of internal audit,compliance services, risk management, accounting and bookkeeping to banks and other financial institutions throughout Pennsylvania, New Jersey, Maryland, Delaware and New York. FOS has offices in Allentown, PA, Camp Hill, PA, Lancaster, PA, and Exton, PA.
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Buyer Overview 1

Buyer

Herbein

Reading, Pennsylvania, United States

Category Company
Founded 1972
Sector Business Services
DESCRIPTION

Herbein is a CPA advisory firm providing tax, audit, advisory, HR consulting, and risk management services. Herbein was founded in 1972 and is based in Reading, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 3
Sector: Business Services 1 of 3
Type: Divestiture 1 of 1
State: Pennsylvania 1 of 3
Country: United States 1 of 3
Year: 2013 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Braund Eiler & Vasko

Allison Park, Pennsylvania, United States

Braund Eiler & Vasko is an Accounting company have received unqualified peer review reports signifying the highest level of quality .

Buy -

Seller Profile 1

SELLER

McKonly & Asbury

Camp Hill, Pennsylvania, United States

Category Company
Founded 1973
Sector Business Services
DESCRIPTION

McKonly & Asbury LLP is one of the Mid-Atlantic’s most respected accounting and consulting firms. Company giving us one of the highest concentrations of CPAs and other certified professionals in the region. Company specialized team includes designations and specialties that allow us to serve in ways not often found in a firm size, like Certified Information Systems Auditors, Certified Internal Auditors, LEAN and Six-Sigma professionals, Certified Merger and Acquisition Advisors, and more. Company serve clients across the region from offices in Camp Hill, PA and Lancaster, PA.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Financial Outsourcing Solutions

Allentown, Pennsylvania, United States

Financial Outsourcing Solutions LLC (FOS) is a provider of internal audit,compliance services, risk management, accounting and bookkeeping to banks and other financial institutions throughout Pennsylvania, New Jersey, Maryland, Delaware and New York. FOS has offices in Allentown, PA, Camp Hill, PA, Lancaster, PA, and Exton, PA.

Buy -