Stout provided sell-side due diligence services to Berman Hopkins CPA & Associates, LLP, an assurance, tax, and advisory firm headquartered in Orlando, Florida, with multiple offices in Florida. The firm was acquired by Doeren Mayhew, a top 50 CPA firm and portfolio company of Audax Private Equity.

Our contributions included support during the entire transaction process.

During the quality-of-earnings process, we evaluated critical financial and operational metrics, including partner compensation structures, work-in-process reserves, staffing levels and utilization patterns, revenue analyses, non-recurring expenses, and other key considerations.

Additionally, we supported the company throughout the transaction process by preparing multiple rollforward analyses through the signing and successful close of the transaction in March 2026. The sell-side analysis was a key deliverable that contributed to smooth discussions and a streamlined sale process with the buyer.