Accounting firm MBAF acquires Kane & Company

Tony Argiz, chairman and CEO of MBAF.
Tony Argiz, chairman and CEO of MBAF. Miami Herald Staff

One of South Florida’s top accounting firms got a little bigger Tuesday.

Morrison, Brown, Argiz and Farra (MBAF) — ranked one of the top 40 accounting firms in the U.S. by Accounting Today — has acquired Kane & Company, a Miami-based company that also has offices in New York and Nevada.

“It’s a great acquisition for us because Kane & Company has a specialty in auditing condominium associations and that’s a niche that is growing in Miami as the buildings keep going up,” said Tony Argiz, chairman and CEO of MBAF. “It’s an industry we didn’t have a foothold in.”

The combined company will have $89 million in annual revenue and 473 employees nationwide.

All of Kane’s 21 employees will keep their jobs, Argiz said.

MBAF, a private company, will not release the financial terms of the deal.