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January 14, 2011

Rehmann Acquires Veritas Global

by: WebCPA Staff

Accounting and consulting firm Rehmann has signed a memorandum of understanding to acquire Veritas Global LLC, a firm that provides corporate investigative services and business intelligence.

Steve Kelly

Veritas was established in 2005 by former members of the FBI, the U.S. Secret Service and intelligence services along with professionals in the business reorganization, mergers and acquisition industry. Veritas provides corporate due diligence, business intelligence and analysis, and risk management services.

The acquisition is part of Rehmann’s recent efforts to expand its range of services in areas such as forensic accounting and expand beyond its Michigan base to Ohio and Florida. The firm ranked 35th on Accounting Today’s 2010 list of the Top 100 Firms, with $73 million in revenue. Financial terms of the deal were not disclosed.

Upon completion of the transaction, Veritas will be merged into Rehmann with Kerby, Bailey and Associates, one of Rehmann’s subsidiaries. The combined entity will be renamed Rehmann Corporate Investigative Services.

Stephen Kerby, currently the president of Rehmann’s Kerby Bailey & Associates, will become the chief operations officer, and Gregory Suhajda of Veritas will become the president of the combined entity when the merger is complete.