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Eide Bailly LLP is a Trans-Mississippi American mid-tier public accounting and ancillary professional services firm headquartered in Fargo, North Dakota, although incorporated in Minnesota. It primarily provides tax services, assurance (which includes financial audit), consulting and advisory services to its clients and is a member firm of HLB International, an accounting network.
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| Company type | Limited Liability Partnership |
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| Industry | Professional Services |
| Predecessor |
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| Founded | 1998 in Fargo, North Dakota |
| Headquarters | Fargo, North Dakota |
Number of locations | 49 (2023) |
Area served | United States |
Key people |
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| Services |
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| Revenue |
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Number of employees |
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| Website | www |
| Footnotes / references [citation needed] | |
The firm has approximately 3,500 employees in forty-nine offices in fifteen different states, with one being in India, as of late 2023. The current partnership was founded in 1998 by a merger of two namesake local accounting firms; Eide Helmeke & Co. and Charles Bailly & Co. Notable industry publications publicize the firm as a "Top 25 CPA firm" based on its size in the United States with significant growth occurring after 2017.[citation needed]
History
editEarly history
editStarting in 1917 as Bishop Brissman & Co. in Fargo, North Dakota, the firm's first lineage becomes concrete in 1944 as Cull Eide & Co. as Oliver A. Eide was admitted as a partner.[1] Following several significant regulatory and industry changes between the 1940s to 1960s, Cull Eide & Co. had been recast to Eide, Helmeke, Boelz & Pasch as it began to acquire offices in Bismarck, North Dakota., Sioux Falls, South Dakota, and Aberdeen, South Dakota through the late 1960s. Later in 1981 becoming known as Eide Helmeke & Co. as it continued to grow and add offices in Phoenix, Arizona and Minneapolis through the 1980s.
In parallel, Charles E. Bailly moved to Fargo to open a second location of Broeker Hendrickson in 1950. During 1978, nine partners broke away from Broeker Hendrickson to form Charles Bailly & Co. establishing the second half of the predecessor firms, with offices in Fargo and Bismarck, North Dakota. Around the same time in the 1980s, Charles Bailly & Co. added offices in Sioux Falls, South Dakota, Minneapolis, Billings, Montana, and Dubuque, Iowa, leading up to the merger and foundation of Eide Bailly.
Formation and recent history
editIn 1998 Eide Helmeke & Co. and Charles Bailly & Co. merged to form Eide Bailly LLP.[citation needed] The combined firm began with fifty-six partners and 392 staff members in nine offices with a combined revenue of $31 million.[citation needed] For the next twenty-five years, the firm continued growing both organically and through continued mergers, adding thirty-eight office locations across the Western United States through 2023.[citation needed] The firm crossed the $100 million mark in 2007[citation needed] and celebrated one hundred years of service in 2017 while surpassing the $250 million mark in total revenue.[citation needed] The firm crossed $500 million in revenue in 2022.[citation needed]
Eide Bailly Alliance
editIn addition to having its own locations, Eide Bailly is the linchpin member firm to the 24 member Eide Bailly Alliance, a self-created accounting network that expands the brand's national reach with non-competing independent firms.[citation needed]
Services
editOver the course of its operations, Eide Bailly has transformed its business model and diversified its pool of services offered in a similar fashion to many of the largest accounting firms. The partnership has two core service lines of tax and assurance.[citation needed] The overall business operations span several related entities, currently seven, that as a whole represent the overall offerings.
The full list of service lines are audit & assurance, business valuation, cybersecurity, data analytics, employee benefit & retirement plans, financial services, fraud & forensic advisory, health care reform, human resources, international business services, litigation & dispute advisory, outsourced & managed services, ownership transition, risk advisory, tax, technology consulting, transaction advisory, and wealth planning.[citation needed]
References
edit- ^ "Eide Bailly evolved from a one-man Fargo office". Archived from the original on 2011-07-13. Retrieved 2010-10-22.