LOS ANGELES--(BUSINESS WIRE)--Armanino LLP, a top 20 accounting and consulting firm in the United States, announced today that leading music business management team, Nashville-based Blue Sky Group, and music rights and royalty auditing firm, Royalty Compliance Organization (“RCO”), are joining Armanino effective April 1, 2023. The strategic additions of these two firms mark a major development that strengthens Armanino’s business management service offerings, broader tax and audit capabilities and gives Armanino a Nashville presence, which is the heart of the music industry.
The Blue Sky Group with Harlan Hallet and Steven McMillan and RCO with Wayne Coleman and Darla Crain will integrate into Armanino bringing a wealth of talented entertainment business managers and audit experts in royalty compliance, valuation services, and litigation support capabilities that propel Armanino forward in delivering the preeminent entertainment and business management services. Unique to business management firms, Armanino will continue to provide robust day-to-day business management services along with deepened tax, audit, and other service offerings relevant to the needs of the entertainment industry and ultra-high net-worth clients, all with a white-glove approach focused on client success.
"As far as industry-leading experts, we could not be more thrilled with the knowledge and talent that Blue Sky and RCO bring to our team, we know this will be incredibly valuable for our clients,” says Craig Manzino, Partner, Business Management at Armanino. “This will make Armanino one of the only business management groups in the world that will be able to offer the full slate of entertainment services while allowing us to deepen and expand our reach into Nashville, which we view as extremely important for our growth goals.”
Armanino’s Business Management team, which serves some of the leading musicians, entertainers and music publishers among other clientele out of their New York City and Los Angeles offices, will now have an office in Nashville. Music City is the country’s fastest growing entertainment hotspot and an office in Nashville gives Armanino’s team and its clients the trifecta of office locations to serve the entertainment industry.
“As the industry standard for royalty audit services, RCO is excited to join Armanino’s entertainment practice and tap into the synergies that our firms bring to the table,” says Wayne Coleman, Founder and CEO of Royalty Compliance Organization. Darla Crain, COO of RCO adds, “by combining forces, we will be able to better serve our clients while being able to bring best-in-class offerings to Armanino and Blue Sky’s client base.”
“Blue Sky, RCO and Armanino share a common vision for the future of entertainment advice and business management service, and believe that we can evolve into the leading business management firm in the country,” says Harlan Hallet, Partner at Blue Sky. “By combining forces, we are only adding to an already successful business practice but now have the benefit of RCO’s capabilities and the leverage and resources of Armanino’s team. We see this as a major win for the entertainment industry as a whole.”
The addition of these firms comes as the entertainment industry continues to show signs of growth and a greater need for royalty compliance and auditing. Armanino is well-placed to take advantage of this growth. With offices serving the entertainment industry now in three major US cities, clients can expect a high-quality service across all aspects of business management from Armanino.
Terms of the deal will not be disclosed. This transaction is scheduled to close on April 1, 2023 subject to customary closing conditions.
About Armanino LLP
Armanino LLP is one of the 20 largest independent accounting and business consulting firms in the nation. Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company. Armanino emphasizes smart technology, leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino is an independent member firm of Moore North America Inc. (MNA), which is itself a regional member of Moore Global Network Limited (MGNL), one of the world’s major accounting and consulting membership organizations. All the firms associated with MNA and MGNL are independent entities, owned and managed in each location. Their membership in, or association with, MNA or MGNL should not be construed as constituting or implying any partnership between them. In addition to its core consulting and accounting practices, Armanino operates its division, AMF Media Group (www.amfmediagroup.com), a media and communications services agency.