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KBST&M merges in Varanko & Black CPAs

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KBST&M’s offices in Hunt Valley, Maryland

Courtesy of KBST&M

Kahn, Berman, Solomon, Taibel & Mogol, P.A., a firm based in Hunt Valley, Maryland, is adding Varanko & Black CPAs, another firm based in the same community in Baltimore County, effective Jan. 1, 2025.

No cash was exchanged as part of the deal. “The deal is simply a merger of Varanko & Black’s practice into KBST&M,” said KBST&M managing partner Jeffrey Berman. KBST&M’s billings amount to $7.5 million and Varanko & Black’s are $2.5 million. The combined firm is expected to generate $10 million in revenue. KBST&M has 38 employees, including seven partners, and one office, while Varanko & Black has 15 employees, including three partners. and one office. Starting Jan. 1, the combined firm will operate from KBST&M’s office.

KBST&M managing partner Jeffrey Berman

KBST&M managing partner Jeffrey Berman

“Their focus in tax and business accounting services is well-aligned with the array of services we provide to our clients,” said Berman. “Most importantly, they share our proactive approach and dedication to meeting our clients’ needs with the highest standards of excellence and professionalism. As KBST&M seeks to add exceptional talent to our firm, we are happy to have found an outstanding strategic partner in Varanko & Black, a longtime business neighbor in Baltimore County that shares our commitment to the region and beyond.”

Optimum Strategies chief operating executive Ira Rosenbloom served as strategic advisor to both parties in the transaction.

KBST&M has been expanding since 1985 to serve clients with accounting, auditing, tax planning and preparation, high net worth services, management advisory services, business valuation services and information technology consulting. 

Varanko & Black CPAs has been providing financial guidance to local individuals and businesses since 1983. Its services range from basic tax management and accounting services to more in-depth services such as audits and financial statements. 

“Our entire team is delighted to be joining with the highly respected professionals at KBST&M,” said managing partner Steve Varanko in a statement. “In this rapidly evolving business environment, we recognized that growing our firm with talent, technology, resources, capacity and expanded services was in our clients’ best interests. In KBST&M, we have found a powerful partner with a compatible people-focused culture and an equally strong track record of serving closely-held businesses and customizing their services to meet each client’s needs.”

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Accounting

Tech news: Makosi rolls out EBP Eddy, AI agent built specifically for EBP audits

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The OneStream logo is displayed on a mobile phone in an arranged photo
The OneStream logo is displayed on a mobile phone in an arranged photo

Tiffany Hagler-Geard/Bloomberg

Corporate accounting solutions provider OneStream announced the release of SensibleAI Agents, SensibleAI Studio and SensibleAI Account Reconciliations and the most advanced SensibleAI Forecast. 

SensibleAI Agents are AI-powered chat assistants that retrieve data, do deep analysis, visualize data and execute tasks. Embedded directly into the platform, SensibleAI Agents can be operated within OneStream workflows, data models, and security frameworks. They include a Finance Analyst Agent, which allows users to query financial data using natural language and receive real-time analysis, dashboards, and visualizations based on OneStream’s financially intelligent engine; an Operations Analyst Agent, which provides on-demand access to operational and transactional data, such as inventory, transactions, and sales orders; a Search Analyst Agent which searches across enterprise documents, platform guides, and any unstructured data to transform information accessibility with source transparency; and a Deep Analysis Agent, which processes large volumes of documents to answer high-stakes, high-complexity questions. 

SensibleAI Studio is a growing library of more than 30 plug-and-play, quantitative and generative AI routines that users can activate within the OneStream platform or directly through APIs. Users can explore and analyze data in plain language and streamline reporting, reconciliation, and decision-making. Additionally, SensibleAI Studio’s Genesis Blocks make it easy to plug AI capabilities into new or existing workflows, all while maintaining full transparency and auditability. SensibleAI Account Reconciliations is powered by SensibleAI Studio. It allows users to leverage AI to detect anomalies and flag risks—like unusual adjustments or missing documentation—early in the close process.

Finally, SensibleAI Forecast is a no-code, AI-powered forecasting solution embedded in the OneStream platform that brings together the company’s machine learning-based forecasting engine (SensibleML) with new generative capabilities that allow finance teams to quickly model different scenarios and constraints, pulling forecasts up or down. Teams can create narrative commentary that provides context behind the forecast, strengthening analysis and decision making in real time.

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Accounting

On the move: REDW appoints first director of client success

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INCPAS hosts leadership event; KNAV welcomes new partner; and more news from across the profession.

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Accounting

Mauldin & Jenkins merges in Bradshaw, Gordon & Clinkscales

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Mauldin & Jenkins, a Top 75 Firm based in Atlanta, is expanding into Greenville, South Carolina by adding Bradshaw, Gordon & Clinkscales, LLC, effective June 1, 2025.

The merger adds seven new partners and 42 professionals to M&J, which already has 76 partners and 510 professionals. Financial terms of the deal were not disclosed. M&J ranked No. 65 on Accounting Today‘s 2025 list of the Top 100 Firms, with $11.7 million in annual revenue. 

“This strategic partnership aligns with our mission to offer comprehensive accounting and advisory solutions to clients while expanding our footprint in key markets,” said Mauldin & Jenkins managing partner Hanson Borders in a statement Thursday. “We are excited to welcome the professionals of BGC to our firm and look forward to building on their legacy of excellence in the Greenville community.”

BGC offers audit, tax and business advisory services to clients and dates back over 40 years. “We are thrilled to join forces with a firm that shares our commitment to client service, integrity and long-term relationships,” said BGC managing partner Peter Tiffany in a statement. “This merger represents a strong cultural fit and an exciting opportunity to expand our capabilities while continuing to put our clients’ needs at the forefront of everything we do.” 

Last year, M&J added CFO Navigator, a firm that offers financial guidance to businesses and nonprofit organizations in the Atlanta area. In 2021, M&J expanded in Alabama by adding CDPA PC, a firm with offices in Athens, Florence and Huntsville, effective July 1. In 2020, M&J expanded to Sarasota, Florida, by acquiring Plush Smith. It acquired another firm in Florida, Jon Campbell & Associates, in 2019.

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