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Monday, November 29, 2021

VonLehman forms unique joint venture with global German firm

Beth Vice, a shareholder with VonLehman.

Rödl & Partner, a global professional services firm based in Germany, and VonLehman CPA & Advisory Firm, a regional accounting and advisory firm headquartered in Fort Wright, have formed a joint venture to better serve the region’s leading foreign-owned companies.

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Known as Rödl & Partner/VL, the combination of global reach, interdisciplinary approach, and focus on foreign-owned mid-sized companies makes the joint venture unique and will provide international companies across the region with better insights for their success.

“Rödl & Partner in the U.S. serves a very specific type of client – entities located in the U.S. that are owned by foreign parent companies. VonLehman also has a concentration of these types of entities, which are often in the manufacturing and distribution space. This region continues to be a huge growth area for that industry,” said Beth Vice, a shareholder with VonLehman and leader of the joint venture.

“By combining forces, we will be able to elevate how we serve these entities. This includes offering services we have not had in-house previously, including transfer pricing studies, international structuring, and an in-depth understanding of differences in accounting and tax standards in the U.S. versus international standards. Equally important, the joint venture will be headquartered right here in Greater Cincinnati, so our presence and knowledge of the local landscape remain intact.”

Rödl & Partner is a global firm founded in Germany in 1977. They currently have 106 offices and 5,200 people serving clients across 48 countries. In the U.S., Rödl & Partner is the leading firm for European, family-owned mid-sized companies. Rödl & Partner has more than 45 years of experience in the U.S. and currently has eight offices and 300 employees. They serve 2,500 clients in the U.S., 97% of which are European family-owned companies.

Celebrating its 75th anniversary, VonLehman is a leading full-service CPA and business advisory firm with 140 employees. With offices in Kentucky, Ohio, and Indiana, VonLehman takes a proactive approach to accounting, tax, and strategic business advice for closely-held businesses, nonprofits and governmental entities. The firm has a focus in manufacturing and distribution, construction and real estate, nonprofit, professional services, and high net-worth individuals. For decades, VonLehman has honed its expertise in the manufacturing and distribution sector specifically to serve international clients with U.S. locations.

“Rödl & Partner always thrives to be where its European based manufacturing and distribution clients see the potential for their business engagement in the U.S. Becoming aware of VonLehman’s excellent reputation in the market and their significant market share in serving foreign-owned companies in the region allows us to complement each other perfectly,” said Matthias Amberg, Partner with Rödl & Partner in Chicago, Illinois.

“Our bilingual professionals, as well as our interdisciplinary approach, let us understand and meet the companies needs and enables us together to find solutions for their complex cross border challenges, such as expatriate tax consulting, US-GAAP audits, and group reporting conversions.”

VonLehman’s Beth Vice, Audit Shareholder, and Ryan Redleski, Senior Tax Manager, will join the joint venture. Both Vice and Redleski will continue to be employed by VonLehman while continuing to work out of the firm’s Fort Wright, Kentucky office. Vice will lead the joint venture focusing on audit and consulting while Redleski provides specialization in international tax to the team. Christian Hock, a Partner with Rödl & Partner, will support the joint venture. Hock was born in Germany and works out of Rödl & Partner’s Chicago, Illinois office. Hock specializes in audit and tax. The team has plans to expand in the future.

It’s important to note that VonLehman is not being acquired, nor are they merging with Rödl & Partner. Simply put, this is a joint venture between the two firms to support a unique type of entity. VonLehman will continue to service all clients just as the firm has done for the past 75 years.

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