Doeren Mayhew Merges With Wolf-Hulbert to Form New Insurance Group
TROY, Mich., Sept. 17, 2013 /PRNewswire-iReach/ -- In a move to again expand service offerings for its clients, Doeren Mayhew, one of the nation's 100 largest accounting and advisory firms, today announced a merger with leading Michigan-based insurance agency Wolf-Hulbert Co., LLC to form a new full-service insurance agency.
Wolf-Hulbert will transition to the newly combined entity name, Doeren Mayhew Insurance Group (DMIG), effective Jan. 1, 2014. Operations for the insurance group will move to Doeren Mayhew's Troy, Mich., headquarters building in early 2014.
Since its founding in 1884 in Detroit, Wolf-Hulbert has offered a comprehensive suite of property, casualty and life insurance to family-owned businesses and large corporations, as well as personal insurance. The agency will continue to operate as normal to service its client base. Current managing partners Matt Kunz and John Frye will continue in the same capacity of the new DMIG entity. The agency's 25 employees will also become DMIG employees.
Also transitioning to the new entity name, DMIG, will be Scrafano & Associates, a highly-respected Michigan-based life, disability and executive benefits insurance agency. This comes as a result of the strategic alliance Wolf-Hulbert has established with the agency's managing partner, Chuck Scrafano, over the years.
"Combining forces with Wolf-Hulbert is an obvious progression for our firm to take since we believe accounting and insurance services are complimentary of each other for local business owners and executives," said Mark Crawford, chairman and managing shareholder of Doeren Mayhew. "This new endeavor enables Doeren Mayhew to continue to move toward our goal of becoming a one-stop shop for our domestic and international clients' accounting, tax, mergers and acquisitions, consulting, financial, payroll and insurance needs."
Doeren Mayhew will now be able to offer clients property, casualty, personal and life/disability insurance through the new entity.
"This merger is the ideal arrangement to better position ourselves for growth while adding new resources for our clients. The business philosophies of the two organizations are very similar which makes this decision simple," said John Frye, managing partner for Wolf-Hulbert.
In the near future, Doeren Mayhew plans to round out the insurance group's offerings by adding medical benefits to its service lineup.
About Doeren Mayhew Companies, Inc.
Founded in 1932, Doeren Mayhew is a leading group of CPAs and trusted advisors who go beyond traditional accounting to help mid-sized businesses grow and prosper. The firm's CPAs in Michigan, Houston and Ft. Lauderdale serve industries such as manufacturing, construction, energy, financial institutions, service, retail/restaurant, wholesalers/distribution with a full range of accounting, audit, tax, merger and acquisition, and business advisory services. Combining a deeply rooted history with a progressive mindset, the firm offers insight into the business, oversight to ensure best practices and foresight for what's ahead. Doeren Mayhew is an independent firm associated with Moore Stephens International Limited. Please visit www.doeren.com for more information.
About Wolf-Hulbert Co., LLC
The agency's roots were founded in 1884 in Detroit and later changed its name to Wolf-Hulbert Co. in 1980. Wolf-Hulbert is comprised of a group of professionals with various backgrounds which bring a wealth of experience and knowledge to their clients. The agency provides insurance services for small to large corporations, as well as individuals. Additionally the agency provides insurance services focused on the private equity industry and their portfolio companies. Wolf-Hulbert professionals make it their goal to research, recommend and execute strategically focused solutions for individual and corporate clients.
Wolf-Hulbert operates under a strategic alliance with Scrafano & Associates, a highly-respected insurance agency in Birmingham, Mich. led by Chuck Scrafano, to offer clients life and disability insurance, as well as executive benefits for businesses.
Media Contact: Taryne Spirovski, Doeren Mayhew, 248.244.3159, firstname.lastname@example.org
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