- Key insight: Minnesota-based BGM is expanding its footprint into the New England market.
- Expert quote: "This combination gives us a stronger base in New England and creates additional opportunities for our professionals" — Dane Boeckermann, CEO and principal/BGM
Bloomington, Minnesota-based BGM acquired R. L. DePanfilis & Co., a CPA and consulting firm in Norwalk, Connecticut.
The deal establishes BGM's presence in Connecticut and expands its footprint in New England. R. L. DePanfilis, founded in 1979, serves businesses, individuals, estates and trusts. Its partners David Gibbs and Kenneth Miller, along with their team, are joining BGM.
"R. L. DePanfilis & Company brings more than four decades of local market knowledge, technical skill and close client relationships to BGM," Dane J. Boeckermann, CEO and principal of BGM, said in a statement. "The team's commitment to personalized client service and solutions closely aligns with our philosophies and guiding principles. This combination gives us a stronger base in New England and creates additional opportunities for our professionals to collaborate and support clients."
In early September, BGM entered the Northeast market with its acquisition of
"Joining BGM allows us to preserve what our clients and team value most while gaining access to additional capabilities, services, resources and colleagues across the firm," Gibbs said in a statement "Our clients will continue to work with the same professionals in Norwalk, now supported by a broader range of accounting, audit, tax, business advisory, wealth management, and trust and estate resources."
Accountants Advisory Group CEO Joe Tarasco advised both parties on the transaction.
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