Particulars: PKF O’Connor Davies, a High 50 Agency based mostly in New York, has acquired Simon, Tapper, Edelman & Wilner, a agency in Hackensack, Jersey, increasing PKFOD’s presence within the Backyard State.
STE&W gives tax, consulting and accounting companies together with retirement, property and enterprise succession planning, tax preparation, IRS illustration, monetary forecasts and projection, money movement and budgeting evaluation, and audits, opinions and compilations.
“We’re excited by the continued development of the agency, and we actually imagine our tradition, method and infrastructure has made PKF O’Connor Davies a vacation spot for like-minded professionals,” mentioned PKF O’Connor Davies govt chairman Kevin Keane in an announcement Friday. “With their a few years of expertise providing one-on-one accounting and tax assist to a various set of shoppers, the workforce at STE&W is the proper addition to the PKF O’Connor Davies workforce. I sit up for welcoming them and their shoppers to the agency.”
Monetary phrases of the deal weren’t disclosed. STE&W’s annual income is roughly $5 million, and the agency employs 5 companions and 20 workers members. They’ll be part of PKFOD’s Woodcliff Lake, New Jersey, workplace later this yr. PKFOD ranked No. 27 on Accounting Immediately’s 2021 checklist of the High 100 Companies, with $202 million in annual income and over 1,400 professionals.
“Shopper relationships have all the time been the muse of our enterprise, and PKF O’Connor Davies’ shared perception within the worth of high-touch service is without doubt one of the many the explanation why this partnership is poised for fulfillment,” mentioned STE&W associate Stuart Tapper in an announcement. “Collectively, our shoppers can count on an unparalleled stage of assist guided by a mutual dedication to accounting excellence.”
In December, PKFOD acquired one other New Jersey agency, LB Goodman & Co., in Truthful Garden, New Jersey. In November, it added DGC LLP (previously DiCicco, Gulman & Co.), an accounting, tax and advisory agency based mostly in Boston.