iVenture Accounting Group buys Bartel & Associates, a Full-Service Accounting Firm Dedicated to Non-For-Profit Clients

Company News Published: 19 января 2020

Rockville, Maryland – January 2, 2020 — In an effort to continue to transform accessibility and depth of accounting advisory services for our not-for-profit clients, iVenture Accounting Group (“iVenture”) announced today that it has completed an acquisition of Bartel & Associates’ (“B&A”). The acquired business will become a unit of iVenture and will continue to operate under the B&A brand.

Bartel & Associates, founded and led by Margaret (Peg) Bartel, a CPA with over 25 years of experience, has been dedicated to helping not-for-profit clients with accounting and broader financial management, including assistance with government grants. Peg and her staff at B&A, who are deeply versed in accounting and government grant regulations, believe in a targeted client-centric approach by taking an active interest in clients’ missions in order to assist them to maximize the impact of their financial resources.

“iVenture offers an exciting opportunity for B&A to strengthen and expand its service offerings to not-for-profit clients in the larger DMV region” explains Peg Bartel. “Merging with a big and innovative accounting and tax industry player, immediately puts us in a position to not only offer broader tools to our clients looking to confront financial and grant management challenges, but it also allows me and my team to provide a higher level of customer experience as B&A enjoys more leverage and deeper resources as part of the iVenture group of companies.”

Boris Foxman, founder and CEO of iVenture, also commented “iVenture’s acquisition of B&A provides a major growth opportunity through addition of a new business segment focused on not-for-profits. DMV region has especially seen an increased activity in the not-for-profit space and iVenture has been looking to grow in this segment for the past several years. By joining forces with an industry expert such as Peg Bartel, we are now well positioned to capture a much higher share of this important and growing segment.”

iVenture is a full-service platform that, through its group of companies, including NBAC, BSG, CustomPay, and Make My Day CPA, has grown to become a full-service accounting, tax, payroll, and broader financial services provider staffed by a team of CPAs, tax professionals, and business consultants with expertise in the areas of multistate and cross-border operations for individuals and hundreds of growing small companies across various industries. The firm’s mission is to create a national accounting firm that ensures easy access to superior customer experience all.

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