Delap LLP and Symonds, Evans & Co. Merge Firms

Leading local CPA firms combine forces

Lake Oswego, OR (June 1, 2009) – Delap LLP, one of Oregon's largest local public accounting firms, and Symonds, Evans & Co., P.C. of Portland, Oregon have announced the merger of their practices effective June 1, 2009. The merged CPA firm, with approximately 90 people, will operate under the name Delap LLP and will practice out of their offices at 4500 SW Kruse Way, Lake Oswego, Oregon.

The merger created new opportunities for both firms to build on the strength of the individual practices creating synergies with a larger client service team. Both firms emphasize their compatibility: successful and established practices, a commitment to quality service at a competitive price, and collegial working environments.

"We have received positive feedback from our clients, employees, and associates, as they see the value generated by the partnership. Our combined firm enhances the value proposition for clients seeking quality services and responsiveness from a local firm," stated Dave DeLap, Managing Partner of Delap.

Mark Symonds, Audit Partner, acknowledges that the Delap business approach to serving clients is similar to that of his prior firm. He states "I know that my clients can expect to receive the same level of service and the same quality, while having more resources at their fingertips. Overall, there are more opportunities for everyone to grow and develop when merging with another well-established local firm." Mark will lead Delap's financial services practice.

The combined firm will benefit from a highly experienced management team from both practices. Delap brings extensive industry knowledge in many areas including healthcare, financial services, forest products, wholesale distribution, manufacturing, automotive, benefit plans, construction, real estate, retail and technology.

Steve Evans, Audit Partner states, "one of the most exciting opportunities about joining Delap is that it will allow me to focus all of my time and attention on my existing client base, to build upon that client base, and to add value and resources to them." Steve will lead Delap’s healthcare practice.

The merger adds to the consistent growth enjoyed by Delap over the past decade. Throughout this growth, the firm's priorities remain the same. They are committed to quality, being proactive to a client's need and consistently creating cost-effective accounting solutions - all hallmarks of the Delap brand for over three quarters of a century.

The firm is committed to following the corporate philosophy they have always had: invest in the success of their clients, people, families, community, and profession.

Delap is one of Oregon's largest locally owned public accounting firms as named in the Portland Business Journal. Delap has earned its reputation of one of quality, integrity and client satisfaction for over 75 years of service to the Northwest community. Delap takes a holistic approach to client service, providing audit, tax and consulting services across all industries to assist clients in meeting their strategic goals and business needs. For more information, visit: www.delapcpa.com.

A Few Words From Our Managing Partner