SuggsJohnson acquires Elliott Davis office in Anderson

ANDERSON, S.C.  – SuggsJohnson, LLC and Elliott Davis, LLC jointly announce the sale of Elliott Davis’ Anderson office to SuggsJohnson, effective December 1, 2011.

The shareholders of Elliott Davis, one of the largest accounting, tax and consulting services firms in the Southeast, voted to approve the sale earlier this week. SuggsJohnson is a CPA and business consulting firm based in Anderson. As part of the transaction, all members of the Anderson office of Elliott Davis will join the SuggsJohnson team.

In announcing the acquisition, Gray Suggs, a former Elliott Davis shareholder and co-founder of SuggsJohnson, noted: “This was an easy decision for us to make, as all parties involved have the highest degree of respect for one another due to our prior work history. We know many of Elliott Davis’ Anderson clients through business and civic circles, and pledge our very best work on their behalf.”

SuggsJohnson was formed in 2005 and provides a range of tax, small business and specialized consulting services to clients across the Southeast.  The firm moved into new offices in Anderson in 2009.

Brian Johnson, who also spent several years of his career at Elliott Davis before joining Suggs as co-founder and partner at SuggsJohnson, added: “I welcome all of the new clients to our firm, and look forward to having several of my former colleagues join SuggsJohnson, thereby expanding the depth and talents of our tax and consulting team, and bringing added value and benefit to all clients.”

With Elliott Davis’ Anderson office located just 30 miles from its 140-employee Greenville, S.C. headquarters, the firm opted to sell its Anderson practice as part of a consolidation and growth strategy, enabling it to focus resources on existing markets that it feels offer the highest potential for growth and profitability, as well as new market opportunities.

“Having known Gray and Brian for years, I know that the client service commitment, professionalism and cultures of our two firms closely align,” said Charlie Thornton, managing shareholder for Elliott Davis’ Anderson office who will join SuggsJohnson as part of the transaction. “Combined, we will provide our comprehensive client base and the greater Anderson community with quality solutions delivered by an experienced local team.”

With the acquisition, SuggsJohnson will grow to a total of 20 associates in its offices located at 107 Edgebrook Drive in Anderson, and will serve clients ranging from individuals to multi-state and international organizations.  The firm serves both individuals and companies in a broad range of industries, with particularly deep expertise in serving closely-held businesses and their owners, as well as organizations in the healthcare, construction, manufacturing, professional services and real estate arenas.

And despite the growth that is inherent in any acquisition, both Suggs and Johnson are adamant that clients will not experience service interruptions or inconvenience.  “Not only are we creating depth on our team, we are bringing aboard faces familiar to these clients, and adding talented colleagues that we know from experience will embrace our firm’s culture of ‘client service first,’ ” Suggs noted.