M&A roundup: Maner Costerisan adds Vantage; plus more mergers
Accounting firm combinations in Michigan, Maryland and New Jersey lead the bill in a roundup of recent M&A activity in the profession.
Maner Costerisan merges in Vantage Business Solutions
Details: Maner Costerisan, based in Lansing, Mich., has added Vantage Business Solutions, a Microsoft Dynamics consultancy with offices in Toledo, Ohio and Northville, Mich.
Vantage has over 25 years of experience with Microsoft products, including Dynamics GP. As part of the deal, Vantage co-founders and principals Tom Jablonski and Susan Veres have joined the Maner Costerisan Business Solutions & Technology practice. They will be based in Maner Costerisan’s Lansing office but will work remotely from Ohio and Southeast Michigan.
“We believe this merger is a win-win for both companies,” said Maner Costerisan president Jeffrey Stevens in a statement. “Our firm is excited to welcome Tom and Sue to our team. The addition of the Vantage team grows our consulting and customer service resources allowing us to provide clients with an even higher level of service. And now that Vantage’s clients have come on board, they will gain the support and experience of a larger, more diverse organization.”
Financial terms of the deal, which was announced last week, were not disclosed. Maner Costerisan ranked 22nd on Accounting Today’s 2017 Regional Leaders list for the Top Firms in the Great Lakes region, with $18.86 million in annual revenue.
Gorfine, Schiller & Gardyn merges with Morice, Layton & Fagan
Details: Gorfine, Schiller & Gardyn, PA, based in Owings Mills, Md., has merged with Columbia-based Morice, Layton & Fagan LLP, effective Dec. 31, 2016.
As part of the deal, which was announced last month, ML&F managing partner Charles T. “Todd” Fagan is joining GSG as part of this transition. Financial terms were not disclosed.
“As the leader of the ML&F practice, I am thrilled to have had the opportunity to merge with GSG,” Fagan said in a statement. “I believe their vast experience, size and capabilities will provide extraordinary value and opportunity for our clients and their owners. I look forward to working hand-in-hand with GSG leadership to maximize client value, while continuing to deliver superior service to all our clients.”
Magone & Co. and M.E. Safris join forces
Details: Michael Safris and Nick Magone have merged their firms at a new joint location in Roseland, N.J. The firms have been collaborating in two separate New Jersey offices since November 2015.
“With extensive tax, wealth and estate planning experience working closely with entrepreneurs and high net worth families, as well as financial consulting for mergers and acquisitions, Mike and his team have brought significant value to our clients,” said managing partner Nick Magone in a statement.
As a division of Magone & Company, M.E. Safris & Company will offer clients a wider range of services and expertise. “Our clients have benefitted from expanded capabilities in areas such as audit, business valuation, forensic accounting, and international and expatriate tax planning,” Michael Safris said in a statement.
Financial terms of the deal, which were announced earlier this month, were not disclosed. As part of the deal, Safris is offering Magone’s Client Accounting Services to his business clients to help accelerate the companies’ growth.