Fast-growing New York CPA firm O’Connor Davies has merged in Flackman, Goodman & Potter, a New Jersey-based accounting firm that specializes in transaction advisory services for private equity funds.
In business for over 95 years, Ridgewood, N.J.-based FGP provides a wide range of audit, advisory and tax services to businesses and individuals, especially in the merger and acquisitions space. The FGP merger with O’Connor Davies is the latest step in a growth initiative that O’Connor Davies set in motion last year and which the firm plans to continue this year to increase its regional and national presence while building its practice niche areas.
“Our growth strategy over the past year sends a strong message that we will continue to invest the necessary resources to deepen our firm’s expertise in order to meet the evolving needs of our clients,” said O’Connor Davies managing partner Kevin J. Keane. “Joining forces with FGP is an exciting next step as we expand our reach across a wide range of business sectors. I’m thrilled to welcome the skilled professionals from the FGP team and look forward to our shared future success.”
Last year, New York City-based O’Connor Davies acquired Daniel J. McMahon Company in Chappaqua, N.Y., and merged in McEnerney, Brady & Co. of Livingston, N.J., and Stanley Marks & Company of Newburgh, N.Y. (see O’Connor Davies Acquires Daniel J. McMahon Company, O’Connor Davies Merges in McEmerney, Brady & Co. and O’Connor Davies Merges in Stanley Marks). O'Connor Davies ranked 30th on Accounting Today's 2015 list of the Top 100 Firms, with $107.5 million in annual revenue.
O’Connor Davies was introduced to Flackman, Goodman and Potter through Joseph Tarasco of Accountants Advisory Group, LLC.
“The breadth of O’Connor Davies’ expertise and resources was the perfect complement to our practice, enabling us to support our clients and align our firm’s priorities and focus,” said FGP managing partner Jim Madormo. “We are enthusiastic about the possibilities this creates for our valued clients as we help them navigate an increasingly challenging business landscape.”