PKFOD merges in Archambault & Associates

PKF O'Connor Davies offices in Cranford, New Jersey
PKF O'Connor Davies offices in Cranford, N.J.
PKF O'Connor Davies, a Top 50 Firm based in New York, has added Archambault & Associates, a firm in Wakefield, Massachusetts, that specializes in trust and estate matters and private client group services, effective Jan. 1, 2023.

As part of the deal, Archambault principal and managing director Susan Archambault and her four employees will join PKFOD's office in Woburn, Massachusetts. Financial terms of the deal were not disclosed. PKF O'Connor Davies ranked No. 26 on Accounting Today's 2022 list of the Top 100 Firms, with $252 million in annual revenue, over 150 partners and more than 1,100 employees. Archambault & Associates is a $1.5 million, five-member firm.

"The addition of the Archambault & Associates team to our Woburn office presents a valuable opportunity to strengthen our specialty tax expertise and grow our client base in the New England market," said Laurie Austin, New England co-managing partner at PKF O'Connor Davies, in a statement Wednesday. "Archambault & Associates prides itself on the close, personal relationships its team has forged with clients. I'm confident the expanded resources, connections and expertise the team now has access to will only strengthen those relationships in the years ahead."

Archambault & Associates was founded in 1991, and offers services for both individual and fiduciary clients, including personal, estate, gift, trust and business tax matters. The firm handles estate taxation and administration, trust funding and administration, tax preparation, tax planning, IRS representation, tax cost accounting, fiduciary accounting, and asset consolidation and simplification. 

Last February, PKFOD added Judelson, Giordano and Siegel CPA, a firm in Middletown and Poughkeepsie, New York, and Simon, Tapper, Edelman & Wilner, a firm in Hackensack, New Jersey. In 2021, it acquired another New Jersey firm, LB Goodman & Co., in Fair Lawn, and added DGC LLP (formerly DiCicco, Gulman & Co.), in Boston. 

Hood & Strong adds Cohen Anderson

Hood & Strong managing partner Susan Malone
Hood & Strong managing partner Susan Malone
Hood & Strong LLP, a San Francisco-based firm, has merged in Cohen Anderson CPAs, a firm in San Rafael, California, that concentrates exclusively on clients in the nonprofit sector.

Founded in 1991, Cohen Anderson provides financial reporting and tax services to Bay Area nonprofits, including human services agencies, educational institutions, and arts and environmental organizations.

"The addition of Cohen Anderson extends Hood & Strong's service offerings and unites two women-led firms to continue to meet the accounting needs of this complex sector," said Hood & Strong managing partner Susan Malone in a statement. "Both firms have long been dedicated to working with exempt organizations that make our communities stronger and better for all."

Financial terms of the deal were not disclosed. The Cohen Anderson team will become part of Hood & Strong's not-for-profit service group. Hood & Strong has more than 120 employees and offices in San Francisco, San Jose, San Mateo and Petaluma, 

"Hood & Strong shares our mission of integrity and commitment to the nonprofit sector," said Cohen Anderson founder Donna Cohen in a statement. "They enjoy an excellent reputation in providing full-service nonprofit audit, tax and advisory services — expertise that complements our work helping organizations improve their systems, reporting and financial integrity."
Practice management M&A Non-profits
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