Yeo & Yeo Announces Relocation to Accommodate Growth
Tuesday, April 19, 2016
Posted by: Eric Dimoff
Yeo & Yeo CPAs & Business Consultants, a leading Michigan accounting firm, announces plans to move its corporate headquarters. The move will include relocation of affiliates Yeo & Yeo Computer Consulting, Affiliated Medical Billing and Yeo & Yeo Financial Services.
The accounting firm and its affiliates will move from 3023 Davenport Avenue in Saginaw and relocate four miles north to 5300 Bay Road, the site of Davenport University’s former Saginaw campus. Recently, Davenport University merged the Saginaw campus into the Midland campus as part of its long-term strategic plan.
“The building is in immaculate condition,” said Thomas Hollerback, president and CEO. “It’s apparent that Davenport University took pride in maintaining the property, and that was a factor in the decision. For over 40 years, we set high standards for maintaining our current buildings and grounds, for both the community and our employees. We will make every effort to ensure that a future buyer shares the same value,” Hollerback says.
The firm’s growth prompted the move. “We are simply out of space at our current location that we have called home since 1975,” says Hollerback.
Yeo & Yeo’s current location to include two buildings and basement, comprises 30,000 square feet occupied by over 120 employees. “At peak times of the year we are short 14 parking spaces. The First Church of the Nazarene located across Davenport Avenue has been a great neighbor and allowed us to park there as needed,” says Hollerback.
Expansion has been ongoing for Yeo & Yeo. In 2000, the firm invested in an 11,000-square-foot addition to accommodate growth. In 2006, Yeo & Yeo purchased the 4,500-square-foot building next door at 3037 Davenport which Affiliated Medical Billing moved into. For over a year the firm’s principals have been assessing options for expanding the current location to accommodate the need for workspace and parking, while ideally bringing the affiliates together under one roof. “We determined that relocation will meet our long-term needs and be more cost-effective than expanding our current site,” states Hollerback.
The building at 5300 Bay Road boasts 28,000 square feet and the firm plans to add another 12,000 square feet to fulfil the firm’s strategic plan for future growth. “The extra space will give us all the ability to add staff so that we can continue to provide our clients with outstanding service,” says Saginaw managing principal, David Schaeffer.
The expansion and remodeling are expected to be complete in early 2017. “The new location will provide a fresh, new work atmosphere with enhanced operational efficiencies and excellent growth potential,” says Hollerback.
Yeo & Yeo employs nearly 220 professionals and has nine offices throughout Michigan. During the last three years, Yeo & Yeo’s Ann Arbor and Lansing offices also relocated within their communities to accommodate growth and offer a contemporary work environment for employees.