Kaufman Rossin Completes Sale of Business Arm for $95M

Blain L. Heckaman, CPA | Kaufman Rossin featured in South Florida Business Journal | February 26, 2016

Miami-based Kaufman Rossin has completed the sale of its affiliate Kaufman Rossin Fund Services to Denver-based ALPS.

The $95 million deal was announced in December. The proceeds from the sale were to be shared with the firm’s employees.

“This deal strengthens the CPA and advisory firm by allowing us to focus on our core practice, improving our clients’ businesses and helping protect them from risk,” Kaufman Rossin managing principal Blain Heckaman, CPA, said in a statement.

ALPS is a subsidiary of DST Systems (NYSE: DST), and provides financial services industry products. Kaufman Rossin Fund Services is a full-service provider of specialized administration services and offers hedge fund services like back-office outsourcing and customized reporting.

Kaufman Rossin has more than 300 team members and provides services for international clients around the globe.

Blain Heckaman, CPA, is a Chief Executive Officer at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.