Accounting firms Gray, Gray & Gray and Patterson & Gerry have merged, expanding Gray's presence in the Massachusetts market.
The combined firms will operate under the Gray, Gray & Gray name. The three partners at Patterson & Gerry - James Patterson, Paul Gerry and Richard Tardiff - are becoming partners at Gray, raising the total partner count there to 13. The total employee count at the combined firm will be approximately 85 employees.
Gray, Gray & Gray was founded in Boston in 1945 and moved to Westwood in 1999. Patterson & Gerry dates back to 1982 and was founded in Framingham. Gray plans to retain the Framingham office and all of Patterson's employees.
The reason for the Gray and Patterson merger, according to Bill McDonough, an outside spokesman, was to "give them more heft in the market." The services from the two firms also dovetailed together well. Both firms serve closely held businesses and provide accounting, audit, tax strategy, estate planning, investment advisory and business advisory services. Financial details of the transaction were not available, nor were revenue figures for the two firms.
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