O’Connor Davies LLP, a New York City-based CPA firm, said Tuesday it would merge with Perl & Asch CPAs, P.C., a 26 year-old practice in Purchase, N.Y., effective Jan. 1, 2015.
Under the deal, Perl & Asch partners Donald Perl and Leonard Asch will join O’Connor Davies as partners and will be based in O’Connor Davies’s office in Harrison, N.Y.
With revenues of approximately $100 million last year, O’Connor Davies ranked No. 32 on Accounting Today’s Top 100 Firms of 2014. The firm has seven offices, 85 partners and more than 500 professionals.
“The addition of Donald Perl and Leonard Asch and their team helps us better serve our growing practice,” said O’Connor Davies managing partner Kevin J. Keane in a statement. “We are enthusiastic about continuing the high level of client service and expertise their firm has provided their substantial client base. Len and Don are pleased to have found a partner in O’Connor Davies and to be able to provide additional services and resources to their expanding client base.”
Perl said O’Connor Davies would offer his firm’s clients additional services and resources. “From our initial meeting with the partners of O’Connor Davies, it was a perfect match,” he said. “Our comfort level with the O’Connor Davies team of professionals and our shared commitment to client service is what made this critical decision even easier.”
Asch pointed to his firm’s 26-year history and future with O’Connor Davies. “We also recognize that this is a dynamic market and in order to best serve our clients we believe it is necessary to expand our capabilities,” he said. “In merging with O’Connor Davies, we are able to do that immediately. O’Connor Davies shares our philosophy of helping our clients grow and succeed. The merger will broaden and deepen our existing industry specializations, enabling us to offer more comprehensive business solutions tailored to our valued clients.”
O’Connor Davies is a member of PKF International, a network of legally independent member firms providing accounting and business advisory services in 440 locations in over 125 countries around the world. The merger was arranged by the M&A consulting firm Transition Advisors.
