Accounting
Doeren Mayhew acquires Thurman Campbell Group
Doeren Mayhew, a Top 50 Firm based in Troy, Michigan, has expanded into Tennessee by acquiring Thurman Campbell Group, PLC, effective March 1.
The deal builds Doeren Mayhew’s national presence and connects its northern and southern markets. Thurman Campbell Group has 11 principals (partner-equivalent) and 35 team members..Doeren Mayhew has 106 principals and 585 other team members. The deal thus adds 46 people to Doeren Mayhew, bringing it to over 725 employees, across 17 offices domestically and abroad. Financial terms of the deal were not disclosed.
Doeren Mayhew ranked No. 47 on Accounting Today‘s 2025 list of the
Doeen Mayhew received a
“Expanding to Tennessee has been a long-term goal for our firm. Nashville, and the surrounding area, is a fast-growing market characterized by business sectors complementary to our existing hubs,” said Doeren Mayhew CEO Chad Anschuetz in a statement Tuesday. “TCG is the ideal partner to enter the market with. They have an exceptional reputation and team in the region focused on delivering client-centric solutions. We are excited to welcome the TCG team to the firm and look forward to building more opportunities to attract top talent and better serve our clients in this market and beyond.”
TCG dates back to 1949 and provides tax, outsourced accounting, litigation, valuation and business advisory solutions to clients in many industries, particularly in construction, manufacturing and health care. Doeren Mayhew was founded in 1932. The TCG acquisition will expand Doeren Mayhew’s geographic footprint, with five offices ranging from the Nashville metropolitan area to Hopkinsville, Kentucky. TCG will grow Doeren Mayhew’s construction practice by an estimated 10%. Thurman Campbell Group is based in Clarksville, Tennessee, and also has offices in Nashville and Dover, Tennessee, as well as Hopkinsville and Princeton, Kentucky.
“Doeren Mayhew is a well-respected firm in the business with values and a culture reflective of our own, which makes this an exciting opportunity for our clients and team,” said TCG managing partner Bob Yates in a statement. “With the resources of a national firm, we are excited to offer our clients an expansive suite of services to meet their evolving needs while preserving the personal relationships integral to our success. We also believe joining forces with Doeren Mayhew will bring value-added training and career advancement opportunities to our employees.”
Yates is joining Doeren Mayhew as the managing principal responsible for the growth and oversight of the region.
Doeren Mayhew has completed 14 acquisitions in the last five years as part of an initiative focused on targeted geographical expansion of like-minded firms. Last June, Doeren Mayhew acquired
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President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his
Trump signaled his position in a meeting with Senate Finance Committee Republicans on Wednesday, and the comments added momentum to Senate GOP efforts to enact a lower SALT cap.
That push has led to resistance from the House, with Speaker Mike Johnson
After the White House meeting Wednesday, Senate Finance Committee Chair Mike Crapo lamented about the cost of the House bill’s SALT cap.
“There’s not a single Republican senator from New York, New Jersey or California, so there’s not a strong sentiment in the Republican conference to do $350 billion for states that the other states subsidize,” Crapo told reporters.
Crapo’s top priority for the Senate tax bill is extending a bevy of temporary business tax breaks in the House bill that would expire after 2029, including enhanced interest expensing and deductions on research, development and equipment. Crapo is looking to trim other aspects of the House bill in order to offset the added cost of making those breaks permanent.
He said that a decision had not yet been made on whether to lower the SALT cap or to what level. Under current law, individuals and couples can deduct $10,000 in state and local taxes if they itemize on their tax returns.
Johnson said that the higher cap is crucial for the House to be able to pass the final version of the tax bill when it is sent back from the Senate later in the summer. He said he has made that clear to the Senate GOP.
“I told my friends I am crossing the Grand Canyon on a piece of dental floss,” he said.
The Washington Post first reported Trump’s openness to a smaller cap.
“The White House is working closely with leaders in Congress to ensure that this landmark legislation gets over the finish line,” said spokesperson Kush Desai.
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