Gilman Ciocia has acquired Hoffman, Levy, Bengio & Co., PL, an accounting firm formerly located in Hollywood, Fla.
As part of the transaction, HLB & Co. has relocated its operations into Gilman Ciocia’s office in Aventura, Fla. Financial details of the transaction were not disclosed.
For the year ended Dec. 31, 2010, HLB had revenues of approximately $1.5 million dollars and served over 2,500 individual and corporate clients.
As part of the transaction, KGC Associates CPAs PC acquired the attest business of Hoffman, Levy, Bengio & Co. KGC Associates is a CPA firm licensed in New York and Florida that is associated with Gilman Ciocia under an alternative practice structure.
“We are pleased to have this highly respected and renowned accounting firm as part of the Gilman Ciocia team,” said Gilman Ciocia president and CEO Michael Ryan in a statement. “This new alliance will benefit and bring value to the client base of both companies through our mutual knowledge and expertise in accounting, tax planning and financial planning.”
HLB managing partner Daniel Bengio, CPA, and his partner Steve Levy said the relationship would allow their firm to bring a multitude of new services and resources to clients, while maintaining the “strong culture of personalized service” that clients had come to expect from the firm.
The combined firm plans to host an open house for staff and clients in the Aventura office on Friday from 4 to 7 pm.
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