RubinBrown Joins With Denver's Oldest CPA Firm

Saltzman Hamma Nelson Massaro LLP to combine with regional accounting and business consulting firm. End Quote

Denver, CO (1888PressRelease) July 24, 2010 - Saltzman Hamma Nelson Massaro LLP (www.shnm.com), Denver's oldest CPA firm, and RubinBrown LLP (www.rubinbrown.com) are joining together, effective Aug. 1, to form what is projected to be among the 50 largest accounting firms in the United States. The new entity, which will operate as RubinBrown, will have a professional staff of 375 working from offices in Denver, Kansas City, Mo. and St. Louis. The announcement was made jointly by James G. Castellano, CPA, chairman, RubinBrown LLP, and Gregory P. Osborn, CPA, managing partner, Saltzman Hamma Nelson Massaro LLP.

Osborn will continue in his current role as managing partner of the Denver office. Brian D. Frevert, CPA, CFP, James I. Massaro, CPA, Meyer M. Saltzman, CPA, CFF, DABFA, Frank D. Seffinger, CPA, and Russell A. White, CPA, all will continue as partners with the expanded RubinBrown.

"Our firms' combined expertise enables us to grow together in our markets and provides us the opportunity to offer new value and greater depth of resources to clients," explained Castellano.

According to Castellano, St. Louis-based RubinBrown has been looking toward a third regional office since it successfully expanded into the Kansas City market in late 2005. Currently the firm is ranked number one in St. Louis by the St. Louis Business Journal, number 10 in Kansas City by the Kansas City Business Journal, and 54th in Accounting Today's 2010 Top 100 Firms.

Commenting on the joining of the two firms, RubinBrown Managing Partner John F. Herber Jr., said the Denver market and the firm of SHNM provide a perfect fit for RubinBrown, not only for its business, but also for its people.

"Colorado currently has three of the nation's top ten mid-sized business cities (Boulder - 1, Fort Collins-3, and Colorado Springs-7), plus it is a strong center for government, energy and technology," said Herber. "We see future growth in many of our areas of specialization."

Osborn detailed the Denver firm's rich history. "Saltzman Hamma Nelson Massaro has a proud Colorado tradition, beginning as Hamma and Nelson, PC, Denver's oldest CPA firm, in the 1890s," said Osborn. "Morton Marshall Hamma received one of the original unnumbered CPA certificates in 1907 (once the State Board of Accountancy was formed later that year, all certificates were issued numbers). In 1998, the firm merged with Saltzman Cohen Massaro & Co., founded by Meyer Saltzman in 1976. Similar to RubinBrown, where client relationships are revered and customer service is a priority, SHNM has several third and fourth generation clients who rely on the firm."

Relocating to the Denver office from St. Louis is Rodney E. Rice, CPA, who currently serves as partner in RubinBrown's Assurance Services Group in St. Louis. There, he provides auditing, consulting and tax services to clients primarily in the manufacturing and distribution and government industries. Rice is a member of the accounting and auditing committee for the North America Region of Baker Tilly International and also serves on the special review committee of the Government Finance Officers Association. An accounting graduate from Eastern Illinois University, Rice is a recent member of the AICPA Technical Issues Committee.

Founded in 1952, RubinBrown is one of the Midwest's largest accounting and business consulting firms, with more than 375 team members working from offices in St. Louis, Kansas City, and its newest office in Denver. RubinBrown is an independent member of BakerTilly International, a network of 145 independent firms in 110 countries. The firm's team members hold leadership roles in both national and local accounting organizations and have worked to establish best practices in accounting within specific industry segments. RubinBrown's chairman, James G. Castellano, CPA, currently serves as chairman of the Board of Directors for Baker Tilly International, Ltd. and is a former chairman for the American Institute of Certified Public Accountants. For more information, visit www.rubinbrown.com.

RubinBrown is located at:
1660 Lincoln Street, Suite 2000, Denver, CO 80264
10975 Grandview Drive, Suite 600, Overland Park, KS 66210.
One N. Brentwood, St. Louis, MO 63105 (Corporate Headquarters)

RubinBrown fact sheet available at: http://budurl.com/RbnFacts
Biographies can be found at: http://budurl.com/RbnBio

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