Calder Capital, LLC is pleased to announce the acquisition of Grand Rapids, MI-based Fritax Accounting to Capstone CPA Group.
Fritax Accounting is a small, west Michigan tax practice owned and operated by Steve Friar. For many years, Steve personally prepared individual and business tax returns for many owners and individuals across West Michigan. Steve was very well respected and clients felt more like family than customers. In fact, Steve even brought family into the Business and introduced his son and now Calder Capital Managing Partner, Max Friar, to his first taste of business and financial advisory.
After many years of providing tax preparation services, and due to a desire to slow down, Steve engaged with Calder Capital to find the right buyer to continue assisting his clientele.
Tony Momany, CPA and Managing Member at Capstone CPA Group as well as the buyer for Fritax Accounting had this to say about the transaction, “As the managing member I am in charge of new client development, project coordination, and managing the direction of the firm. When I became aware that Steve was looking to slow down, it made sense to discuss the transition of his clientele. We know Steve has done a great job taking care of his customers and we very much look forward to doing the same!”
Calder Capital, LLC served as the exclusive M&A Advisor to Fritax Accounting.