M&A Watch

GEORGIA

Hancock Askew adds Stein

Details: Savannah-based Hancock Askew & Co. LLP has agreed to merge with Stein Accounting CPA. Once the merger is complete, Hancock will have 65 employees, including eight partners and two principals. Neville Stein, founder of Stein Accounting, will become one of the newest partners at Hancock Askew.

 

NEW YORK

Bonadio Group picks up Utica firm

Details: Top 100 Firm The Bonadio Group has agreed to add Richard Zweifel and his team to its central N.Y. roster. The new addition comes with eight staff members and one partner, Zweifel. Bonadio will now have more than 60 employees throughout Syracuse, Geneva, Perry and Utica. Bonadio entered the central N.Y. market in 2007, and in 2011 it acquired the Syracuse branch of ParenteBeard, adding 21 employees and four partners to the firm. The firm currently has more than 350 employees statewide.

 

Albany firms combine

Details: Dembo, Freedman & Shutt CPAs PC has agreed to merge with Teal, Becker & Chiaramonte. "This continues TBC's strategy of growing organically and through acquisitions," TBC managing partner Robert Kind said in a statement. "It is the firm's ninth acquisition since it was founded in 1971."

 

PHILADELPHIA

BDO adds major Philly firm, Asher

Details: BDO USA announced that it is expanding its Philadelphia presence with the addition of Asher & Co. Ltd, for an undisclosed amount. BDO will gain more than 100 staff members, including 10 partners. BDO's Philadelphia roster will now have 176 staff members.

 

WASHINGTON

Fruci & Associates bolsters its presence in Spokane

Details: Fruci & Associates has agreed to acquire MartinelliMick PLLC of Spokane, Wash. MartinelliMick principals Melanie Sexton Mick and John Webster will join the firm as partners.

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