Accounting firm DeLeon & Stang has acquired Daniel G. Falk & Associates, expanding its service offerings.
Falk’s four staff members are moving from their offices in Rockville, Md., to DeLeon’s in Gaithersburg, joining over 20 professionals there. The merger took effect Jan. 15. The combined firm will have $3.4 million in annual revenue, according to spokesperson Amanda Garner. Prior to the merger, DeLeon had a little under $3 million in revenue. Financial details of the transaction were not disclosed.
“This merger will only help improve our dedicated service to our clients,” said partner Al DeLeon (pictured) in a statement.
His firm provides accounting, tax, audit, advisory, financial, business and professional services to both individuals and organizations. They focus on industries such as credit unions, common-interest realty associations, not-for-profits and hospitality organizations. Falk’s area of focus has been small to midsized businesses in several industries. Falk founded his firm in 1978, while DeLeon and Richard Stang founded their firm in 1984.
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