CALIFORNIA
Stonefield Josephson acquires Caporicci & Larson
Details: California CPA firm Stonefield Josephson has acquired Caporicci & Larson, expanding the firm's governmental and nonprofit auditing capabilities.
Caporicci & Larson specializes in governmental accounting, auditing and advisory services. Founded in 1989, the firm includes four partners with experience servicing government agencies, health care facilities, nonprofit organizations and privately owned businesses throughout California. Financial details of the transaction were not available.
Caporicci & Larson co-founder Gary M. Caporicci has more than 30 years of diversified business experience, including in audit and management consulting for government organizations. Co-founder Stephen L. Larson has more than 30 years of public accounting and audit experience. CPAs Ken Pun and Ahmed Badawi will also continue their leadership roles with Caporicci & Larson.
The combined firm has offices in Los Angeles, Orange County, San Diego, San Francisco, San Jose, Walnut Creek and Hong Kong.
NEW ENGLAND
Marcum to buy regional UHY offices
Details: Marcum LLP plans to expand in New England by acquiring three offices from UHY Advisors. The deal, which was set to close on April 16, according to a source close to Marcum, will add offices in Boston, and Hartford and New Haven, Conn. Marcum plans to retain all of the employees. Financial details were not available.
Marcum currently has offices in Greenwich, Conn., as well as in New York, New Jersey, Florida, Pennsylvania and Grand Cayman.
"There is a significant amount of M&A activity going on nationally," said management consultant Jay Nisberg. "However, when you see a well-thought-out strategic plan to create a regional or national footprint come together, one must truly applaud the efforts of the initiating firm. In my opinion, Marcum is doing exactly that. They have a very clear vision formulated by the firm's leadership, and they are making it happen." Nisberg believes Marcum will next turn its attention to expanding to the West Coast.
