PORTLAND, Maine — A business valuation company in Portland has been acquired by a New Haven, Conn.-based accounting firm.
Terms of the deal between Portland’s Fannon Valuation Group and Meyers, Harrison & Pia, which specializes in estimating the value of businesses, measuring economic damages and providing litigation support services, were not released. The deal closed Sept. 17.
Fannon Valuation Group had been “looking for a merger partner for some time,” said Nancy Fannon, the company’s owner.
“We wanted to broaden our services, capabilities and geographic client base,” Fannon said. “We feel that the fit with Meyers, Harrison & Pia is a good one, both culturally and in terms of the line of work we do.”
Fannon has assumed the title of partner in charge of litigation assistance services for the newly merged firms, which will operate under the Meyers, Harrison & Pia name. Fannon will remain in the Portland office.
“Nancy has distinguished herself as one of the foremost experts on business valuation and economic damages in the country” said Mark Harrison, managing partner of Meyers, Harrison & Pia. “Bringing Nancy and her experienced team into our group broadens and deepens our service offerings and positions us for continued future growth. We continue to remain committed to attracting and retaining the best professionals in the country.”
Fannon Valuation Group had operated independently for more than eight years after breaking off from a large regional accounting firm.
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