Opsahl Dawson Company Profile
Background
Overview
Opsahl Dawson is a leading independent accounting and business advisory firm headquartered in Vancouver, Washington. Established in 1979 by George Opsahl, the firm has grown significantly over the decades, expanding its presence across the Pacific Northwest. In 2009, Aaron and Jen Dawson acquired the firm, leading to rapid expansion and modernization. The firm's primary services include tax preparation and planning for both individuals and businesses, as well as the preparation of reviewed and compiled financial statements.
Mission and Vision
Opsahl Dawson is committed to combining traditional values with cutting-edge technology to deliver world-class financial solutions. The firm aims to modernize accounting practices and amplify community-driven growth across the Pacific Northwest.
Industry Significance
Opsahl Dawson is recognized as one of Washington state's leading accounting firms, known for its expertise in strategic planning, compliance, and growth advisory services. The firm has been honored as one of the "Best Firms to Work For" by Accounting Today in 2022 and named a "Best Firm to Work For" by Accounting Today.
Key Strategic Focus
Core Objectives
Opsahl Dawson focuses on providing comprehensive accounting and advisory services to individuals and businesses, emphasizing proactive financial planning and personalized client service.
Areas of Specialization
- Tax Services: Tax planning and preparation for individuals and businesses, IRS audit representation, estate and gift tax planning, business entity selection, and merger and acquisition consulting.
- Financial Statements: Preparation of compiled and reviewed financial statements to support business needs such as securing bank loans, attracting investors, and obtaining construction bonding.
- Bookkeeping: Outsourced bookkeeping services, including cash flow management, report creation, and annual budget planning.
Key Technologies Utilized
Opsahl Dawson leverages cutting-edge technology to operate as a paperless, eco-conscious organization, enhancing efficiency and reducing environmental impact.
Primary Markets Targeted
The firm serves a diverse client base across various industries, including financial institutions, real estate, construction, hospitality, nonprofit organizations, and professional services.
Financials and Funding
Funding History
Opsahl Dawson has experienced significant growth, with revenue surpassing $37 million in 2024 and a projected 22% increase in 2025. The firm has tripled its revenue over the past five years, earning recognition as the third fastest-growing firm by Accounting Today and one of the top 300 firms nationwide by Inside Public Accounting.
Recent Funding Rounds
In January 2023, Opsahl Dawson partnered with Ascend, a private equity-backed platform, to support its growth initiatives. This partnership has facilitated strategic acquisitions and investments in services and talent, positioning the firm for continued expansion.
Notable Investors
Ascend, backed by private equity firm Alpine Investors, is a significant investor supporting Opsahl Dawson's growth and strategic initiatives.
Utilization of Capital
The capital from Ascend has been utilized for strategic acquisitions, expansion into new markets, enhancement of services and technology, and investments in talent development and retention.
Pipeline Development
Key Acquisitions
- Hauser Jones & Sas (HJS): In November 2024, Opsahl Dawson merged with Bellevue-based HJS, expanding its presence into Bellevue and enhancing its capabilities in audit, compliance, and advisory services, particularly for financial institutions.
- StraderHallett PS: In August 2023, Opsahl Dawson acquired StraderHallett PS in Lacey, Washington, adding new locations and professionals to the firm.
- Futcher Group: In September 2023, Opsahl Dawson merged with Futcher Group in Kelso, Washington, further expanding its footprint and service offerings.
Target Conditions
These acquisitions aim to strengthen Opsahl Dawson's service offerings, particularly in the financial sector, and expand its geographic reach across the Pacific Northwest.
Anticipated Milestones
The integration of these acquisitions is expected to enhance the firm's capabilities, increase market share, and contribute to its projected revenue growth in the coming years.
Technological Platform and Innovation
Proprietary Technologies
Opsahl Dawson operates as a paperless, eco-conscious organization, utilizing advanced technology to enhance efficiency and reduce environmental impact.
Significant Scientific Methods
The firm employs proactive financial planning strategies, including its Tax Forward program, to help clients navigate their financial futures with clear guidance and expertise.
Leadership Team
Aaron Dawson, CPA – Chief Executive Officer
Aaron Dawson has been with Opsahl Dawson since 2009, serving as Managing Partner and later as CEO. Under his leadership, the firm has experienced significant growth and modernization.
Jen Dawson, CPA – Partner
Jen Dawson co-owns Opsahl Dawson with her husband, Aaron Dawson, and has been instrumental in the firm's expansion and modernization efforts.
Matt Lee, CPA – Partner, M&A/Business Development, and Golf Team Director
Matt Lee joined Opsahl Dawson as a shareholder in 2010 and has played a key role in the firm's mergers and acquisitions strategy.
Sierra Eckman, CPA – Chief of Operations
Sierra Eckman was promoted to Shareholder in 2018 and has been a significant contributor to the firm's operational success.
Kelsey Elwess, CPA – Shareholder
Kelsey Elwess was promoted to Shareholder in 2022 and has been instrumental in overhauling the firm's Entity Department with industry-leading software and procedures.
Sam Christensen, CPA – Shareholder
Sam Christensen was promoted to Shareholder in 2022 and has played a key role in enhancing the firm's Entity Department.
Ursula Perkins, CPA – Shareholder and Director of Trust Department
Ursula Perkins was promoted to Shareholder in 2022 and assumed leadership of the firm's Trust Department as its new Director.
Leadership Changes
Recent Appointments
- Brian Smith – Chief Growth Officer
In September 2023, Brian Smith joined Opsahl Dawson as the firm's first Chief Growth Officer, bringing experience from Turning Point Healthcare Solutions and a background as a Navy veteran.
Competitor Profile
Market Insights and Dynamics
The accounting and business advisory services market in the Pacific Northwest is characterized by a mix of established firms and emerging players. Opsahl Dawson's strategic acquisitions and partnerships position it as a significant competitor in the region.
Competitor Analysis
Key competitors include firms like Moss Adams, Armanino, and HCVT, which have substantial market shares and diverse service offerings. Opsahl Dawson differentiates itself through its proactive financial planning strategies, commitment to technology, and community-focused approach.
Strategic Collaborations and Partnerships
Ascend Growth Platform
Opsahl Dawson's partnership with Ascend has provided access to capital, strategic guidance, and resources to support its growth initiatives, including acquisitions and technology investments.
Hauser Jones & Sas (HJS)
The merger with HJS has expanded Opsahl Dawson's service offerings and geographic reach, particularly in serving financial institutions and closely held businesses.
Operational Insights
Strategic Considerations
Opsahl Dawson's focus on strategic acquisitions, technological innovation, and talent development has strengthened its market position and competitive advantages.
Competitive Advantages
The firm's proactive financial planning services, commitment to technology, and community engagement set it apart from competitors in the region.
Strategic Opportunities and Future Directions
Expansion Plans
Opsahl Dawson aims to continue its expansion across the Pacific Northwest, leveraging strategic acquisitions and partnerships to enhance its service offerings and market presence.
Innovation and Technology
The firm plans to invest further in technology and AI-driven solutions to improve efficiency and client service.
Talent Development
