West Allis, WI — Edge Advisors LLC, an accounting and consulting firm that serves primarily the dental and healthcare market, announced today that it has acquired Nelson Management Group, LLC. The Madison/Beloit area-based firm, founded in 1996, provides traditional accounting and medical billing services.
The acquisition adds five employees who will remain based in Beloit to Edge Advisors’ growing team. Nelson Management Group’s founder Tom Nelson and his wife, both of whom worked from a Middleton office, are retiring. The Beloit acquisition follows the recent opening of Edge’s Appleton office and brings an additional $450,000 in annual revenues contributing to the firm’s expectation that revenues will grow 40 percent this year. Marshall Watry, CPA, who leads Edge’s Appleton office, will also manage the Beloit location and medical billing operation.
“By adding medical billing to our increasing array of client services, few firms can provide the range of business capabilities that we offer dental and healthcare providers,” said Edge co-founder Andy Lehmkuhl. “With expanded geographic reach and services, we’re well on our way to becoming the state’s leading healthcare and dental practice consulting and accounting firm.”
Overall about 75 percent of Edge’s clients are in the healthcare and dental markets, while the firm’s accounting clientele is a more diverse mix with about half in other business sectors. Edge has grown from 4 employees when it was founded in 2012 to 23 currently including the new Beloit team. The firm anticipates hiring additional professionals this year.