Doeren Mayhew Company Profile

Background

Overview

Doeren Mayhew is a leading certified public accounting (CPA) and advisory firm established in 1932. With a history spanning over nine decades, the firm has grown to become one of the top 100 CPA firms in the United States, recognized globally and nationally among INSIDE Public Accounting’s "Best of the Best."

Mission and Vision

The firm's mission is to provide comprehensive accounting, audit, tax, and business advisory services that go beyond traditional accounting to help mid-sized companies grow and prosper. Their vision is to be strategic partners, offering guidance and direction to navigate complex business terrains, anticipate challenges, and uncover opportunities.

Primary Area of Focus

Doeren Mayhew serves a diverse clientele across various industries, including manufacturing, construction, non-profit organizations, auto dealerships, service sectors, energy, healthcare, dental, retail, restaurant, and financial institutions. The firm offers a full range of services, including assurance, accounting, tax, litigation and valuation support, international advisory, technology assurance, payroll, insurance, merger and acquisition advisory, and business advisory services.

Industry Significance

The firm has been recognized for its significant contributions to the accounting industry, ranking 47th on Accounting Today's 2025 Top 100 Firms list and being acknowledged as one of the fastest-growing firms. Additionally, Construction Executive named Doeren Mayhew as the 15th Top U.S. Construction Accounting Firm in 2025.

Key Strategic Focus

Core Objectives

Doeren Mayhew aims to deliver measurable value to clients by expanding its geographic footprint, enhancing service offerings, and strengthening industry capabilities. The firm focuses on strategic growth through mergers and acquisitions, aiming to provide comprehensive solutions to clients' evolving needs.

Specific Areas of Specialization

The firm specializes in several key areas, including:

Construction Accounting: Serving general contractors, subcontractors, and specialty contractors with dedicated professionals offering a wide range of accounting, tax, and advisory services.

Credit Union Auditing: Positioned as a leading credit union auditor in the nation, providing specialized services to credit unions.

Mergers and Acquisitions Advisory: Offering strategic guidance and support for businesses navigating mergers and acquisitions.

Key Technologies Utilized

Doeren Mayhew leverages advanced technologies to enhance service delivery, including:

Data Analytics: Utilizing data analytics tools to provide insights and support decision-making processes.

Cloud Computing: Employing cloud-based solutions for efficient data management and collaboration.

Cybersecurity Measures: Implementing robust cybersecurity protocols to protect client information.

Primary Markets or Conditions Targeted

The firm targets mid-sized businesses across various sectors, focusing on:

Geographic Expansion: Entering new markets through strategic acquisitions, such as expanding into the Atlanta region with the acquisition of AGL CPA Group.

Industry Leadership: Strengthening its position in specialized areas like construction accounting and credit union auditing.

Financials and Funding

Funding History

Doeren Mayhew is a privately held firm and does not publicly disclose detailed funding information. However, the firm has experienced significant growth through strategic mergers and acquisitions, contributing to its expansion and service diversification.

Total Funds Raised

Specific details regarding total funds raised are not publicly available.

Recent Funding Rounds

In August 2024, Doeren Mayhew received a private equity investment from Boston-based Audax Private Equity, which has supported the firm's expansion initiatives.

Notable Investors

Audax Private Equity is a notable investor that has supported Doeren Mayhew's growth and expansion strategies.

Intended Utilization of Capital

The capital from recent investments has been utilized for:

Strategic Acquisitions: Expanding the firm's geographic footprint and service offerings.

Service Diversification: Enhancing capabilities in areas such as construction accounting and credit union auditing.

Technology Integration: Investing in advanced technologies to improve service delivery and operational efficiency.

Pipeline Development

Key Pipeline Candidates

Doeren Mayhew has a robust pipeline of strategic initiatives, including:

Mergers and Acquisitions: Ongoing evaluations of potential firms for acquisition to expand service capabilities and market presence.

Service Expansion: Developing new service lines to meet evolving client needs.

Stages of Clinical Trials or Product Development

As a professional services firm, Doeren Mayhew does not engage in clinical trials or product development.

Target Conditions

The firm's strategic initiatives target:

Geographic Expansion: Entering new regional markets to increase client base.

Service Diversification: Broadening service offerings to provide comprehensive solutions.

Relevant Timelines for Anticipated Milestones

Specific timelines for upcoming initiatives are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Doeren Mayhew utilizes proprietary technologies to enhance service delivery, including:

Custom Software Solutions: Developed in-house to streamline accounting processes and improve client interactions.

Significant Scientific Methods

The firm employs advanced data analytics and machine learning algorithms to provide insights and support decision-making processes for clients.

AI-Driven Capabilities

Doeren Mayhew integrates AI-driven tools to:

Automate Routine Tasks: Enhancing efficiency in data processing and reporting.

Predictive Analytics: Offering forecasts and insights to inform strategic decisions.

Leadership Team

Key Executive Profiles

Chad Anschuetz: Managing Shareholder and Chairman. With extensive experience in the accounting industry, he has been instrumental in driving the firm's growth and strategic direction.

Mark Crawford: Chairman. He has played a pivotal role in the firm's expansion and service diversification strategies.

Chris Masters: Houston Managing Principal. He oversees the firm's operations in Houston and has been key in expanding the firm's presence in the region.

Leadership Changes

In July 2025, Doeren Mayhew expanded its leadership team by acquiring Reimer McGuiness Hess CPAs & Advisors, adding 38 employees and enhancing its presence in the Houston market.

Competitor Profile

Market Insights and Dynamics

The accounting and advisory services market is characterized by consolidation, with firms seeking growth through mergers and acquisitions. There is a growing demand for comprehensive service offerings and technological integration to meet client needs.

Competitor Analysis

Key competitors include:

CliftonLarsonAllen LLP: A large firm offering a wide range of services across various industries.

RSM US LLP: Specializes in serving middle-market clients with a focus on audit and assurance services.

UHY LLP: Provides services in audit, tax, and consulting, with a strong presence in the U.S. market.

Strategic Collaborations and Partnerships

Doeren Mayhew has formed strategic partnerships to enhance service offerings, including:

Moore North America, Inc. (MNA): An independent member firm of the Moore Global Network Limited, providing access to a global network of resources and expertise.

Operational Insights

Doeren Mayhew differentiates itself through: