FORVIS Acquires Thales Consulting

The top 10 U.S. accounting consultancy firm FORVIS will add to its public sector client services capabilities with the acquisition of assets of the software technology and consulting company Thales Consulting, effective August 1.

Founded in 2002, Thales Consulting creates software and provides consulting services related to government financial reporting. Thales developed The Reporting Solution (TRS), a software as a service (SasS) platform that streamlines the preparation of financial reports, including the Annual Comprehensive Financial Report (ACFR), through collaboration and efficient reporting processes. Thales works with hundreds of public sector clients across the country to help them enhance responsiveness and transparency. FORVIS has been a certified implementer of this tool since 2020.

“Thales Consulting is an established team that brings an impressive skill set to FORVIS,” said Denny Ard, partner and national director of EDGE, the innovation lab of FORVIS. “Their product, their unique knowledge of the public sector industry, and their focus on excellent client service are some of the many reasons we decided to explore working together. We welcome the Thales team and look forward to offering our public sector clients these expanded capabilities.”

Thales Consulting is based in Marquette, Michigan. A total of eight team members will transition to FORVIS, including Thales President Joe Stimac, who will be joining the firm as a director.

“With a strong relationship already in place here at FORVIS, we look forward to joining forces and expanding our ability to serve public sector entities across the country,” said Stimac. “We’re especially excited to join the EDGE team and seek new ways to leverage technology for clients. Our culture and emphasis on providing value to our clients make this an exciting chapter and a natural fit.”