Bonadio Group in Major Upstate N.Y. Merger

Top 100 Firm The Bonadio Group is merging with Gaines Kriner Elliott LLP. The merger is expected to be finalized on November 1, and the two firms will operate under the Bonadio name.

Terms were not disclosed.

The merger will add 88 employees, including eight partners, to The Bonadio Group’s presence in western New York. Philip Mann will serve as office managing partner of the new combined Buffalo presence.

The combination will also bring two GKE subsidiaries – computer server and IT equipment reseller GEMKO Information Group, and sales lead generation services provider Athena.

“This merger is great news for everyone involved because our combined firm will be able to provide more services for clients and offer greater growth opportunities for our people,” said Bonadio Group CEO and managing partner Tom Bonadio. “We’ve found kindred spirits in our new GKE partners, and we know that we can learn a great deal from each other for the benefit of our clients everywhere. It’s going to be a great fit, and we can’t wait to get started together.”

“My GKE partners and I are very much looking forward to our firm’s next phase with The Bonadio Group,” said GKE managing partner Rocco Surace, managing partner of Gaines Kriner Elliott. “In our discussions with Tom Bonadio and his team over the past few months, we were delighted to find that our two firms share the values and business philosophies that breed success. Our firms’ capabilities complement each other nicely, and we know that our combined strengths and expertise will lead to great opportunities for clients and employees on both sides.”

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M&A Financial reporting
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