M&A Deal Summary

McKonly & Asbury Acquires Financial Outsourcing Solutions

On January 1, 2007, McKonly & Asbury acquired business services company Financial Outsourcing Solutions

Acquisition Highlights
  • This is McKonly & Asbury’s 1st transaction in the Business Services sector.
  • This is McKonly & Asbury’s 1st transaction in the United States.
  • This is McKonly & Asbury’s 1st transaction in Pennsylvania.
Investment Fate
  • Financial Outsourcing Solutions was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary

Date 2007-01-01
Target Financial Outsourcing Solutions
Sector Business Services
Buyer(s) McKonly & Asbury
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

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 STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 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.

Sell -