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Stambaugh Ness restructures in move to emphasize professional services

Stambaugh Ness plans to rearrange its corporate structure next year in a move its leaders hope will shine a light on its professional services.

Under the new structure, expected to go into effect Jan. 1, the York County firm will operate under the umbrella of a holding company called The Stambaugh Ness Group LLC. The group will have three subsidiaries: Stambaugh Ness Inc., Stambaugh Ness TechSolutions LLC and Stambaugh Ness Workforce Solutions LLC.

Stambaugh Ness Inc. will include the company’s core accounting and business advisory services.

The TechSolutions arm, a combination of entities formerly known as Stambaugh Ness Business Solutions and Acuity Business Solutions, will provide cybersecurity and other IT-related services.

Stambaugh Ness Workforce Solutions represents a new offering at the firm focused in part on helping companies attract and retain talent.

“We have made a deliberate and thoughtful decision to take a future-ready approach to serving clients,” Stambaugh Ness president and CEO Steven Hake said in a news release Wednesday. “The result is a strategically designed family of companies that will be proactive in leading our clients into the future, focused on forecasting industry and business trends and meeting head-on the unrelenting technology disruption with new insights and paradigms.”

Stambaugh Ness was founded in 1918 as a tax and accounting firm. It has expanded over the years to include other professional services – something that other accounting firms in the midstate have also done – and has offices in Springettsbury Township and Hanover.

Other changes at the firm this year have included its acquisition of a business valuation firm and the formation of a state and local tax practice.

Jennifer Wentz
Jennifer Wentz covers Lancaster County, York County, financial services, taxation and legal services. Have a tip or question for her? Email her at [email protected].

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