YHB to acquire Md. accounting firm

Winchester-based accounting and consulting firm Yount, Hyde and Barbour (YHB) will acquire Maryland-based firm Glass Jacobson PA on July 1.

Financial details of the transaction were not disclosed in Wednesday’s announcement.

“We are excited to welcome the Glass Jacobson team to the YHB family,” YHB Managing Partner Scott Moulden said in a statement. “We expect their team’s capabilities will enhance our already rapidly expanding reach into the Maryland/D.C. market. YHB and the Glass Jacobson team share the same values of empowering clients and communities with world-class service.”

Established in 1962, Glass Jacobson offers tax, audit and consulting services in the Baltimore and greater Washington, D.C., area. YHB and Glass Jacobson Investment Advisors LLC will form a joint venture to provide wealth management.

“Together, we will be able to provide greater resources to our clients and communities,” Edward J. Jacobson, managing director and firm president of Glass Jacobson, said in a statement. “Our mission to empower the future is steadfast when joining YHB. We will be providing the same excellent solutions that our clients have become accustomed to, with the addition of new and exciting advancements.”

Glass Jacobson’s six principals and 54 other staff members will join YHB, bringing the firm’s total to almost 300 employees. The new employees will continue to work out of Glass Jacobson’s offices in Rockville, Maryland, and Owings Mills, Maryland, which will give YHB 11 offices total.

Established in 1947, YHB offers accounting, auditing, tax, wealth management and risk advisory services. YHB ranked No. 6 on Accounting Today’s 2022 Regional Leaders list for the Top Firms in the Capital Region, with $37.95 million in annual revenue.