Los Angeles, CA — Kellogg & Andelson Accountancy Corporation (“K&A” or the “Company”), a leading provider of accounting services to the business community, has been acquired by Prople, Inc. (“Prople”), a business services & consulting firm from the Philippines.
Christian Payne, K&A’s CEO, commented, “We are extremely pleased with the results of this process. The shareholders were keenly focused on maintaining the legacy of K&A and ensuring a seamless transition for our valued employees and clients. FocalPoint found us a buyer that accomplishes both.”
Joaquin Quintos, CEO of Prople, Inc., said, “We are excited by the opportunity to integrate K&A into our core business and expand our product offering and geographic reach to include K&A’s elite customer roster in the United States. Our differentiated service coupled with K&A’s customer relationships and high quality personnel will allow us to realize our growth initiatives and implement our business model globally.”
Regarding the transaction, Rajesh Sood, Managing Director at FocalPoint, said “K&A is now poised to execute on its growth strategy with the financial and strategic support of Prople. Additionally, with this acquisition, Prople is now a truly global entity capable of providing a full suite of business services ranging from accounting and financial planning solutions to IT, human resources, process optimization, and diversified business consulting services. This is a fantastic outcome for both K&A’s shareholders and Prople.”
About Kellogg & Andelson
K&A is a leading full-service accounting firm serving small to mid-sized owner-operated businesses and affluent individuals nationally with a concentration in California and the Midwest. Founded in 1939, the Company has grown since 2003 through the acquisition and consolidation of one and two partner firms. Today, the Company operates out of five offices in Los Angeles, Woodland Hills, San Diego, Kansas City, and Chennai, India, providing quality tax, attest, and bookkeeping services to over 6,700 clients.
About FocalPoint Partners
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle market clients throughout the U.S. Since its inception in 2002, FocalPoint has completed approximately $4 billion in transactions. For more information on FocalPoint Partners, visit www.focalpointllc.com
Please contact Rajesh Sood at (310) 405-7050 with any questions about this transaction.