Fast-growing CPA firm O’Connor Davies, LLP is adding Stanley Marks & Company, LLP, a full-service accounting firm based in Newburgh, N.Y.
A 65-year old firm, Stanley Marks & Company specializes in servicing medical practices.
The deal with Stanley Marks is the latest in a series of mergers and acquisitions for O’Connor Davies in what has become a big year of expansion for the New York, N.Y.-based firm, as it seeks to grow its regional and national footprint while building its niche practice areas. In May, the firm added McEnerney, Brady & Co., in Livingston, N.J. (see O'Connor Davies Merges in McEnerney, Brady & Co. and in January it acquired Daniel J. McMahon Company in Chappaqua, N,Y. (see O'Connor Davies Acquires Daniel J. McMahon Company).
Financial terms of the latest deal were not disclosed. O'Connor Davies ranked 30th on Accounting Today's 2015 list of the Top 100 Firms, with $107.5 million in annual revenue.
”This deal represents an important strategic opportunity for us to increase our depth in the high profile commercial and medical practice areas,” said O’Connor Davies managing partner Kevin J. Keane in a statement. “The firm brings extensive experience helping clients navigate the complex challenges facing organizations in the changing business and regulatory environments. We are pleased to welcome Stanley Marks to our expanding team of top-notch professionals.”
Stanley Marks works with more than 100 medical practices and more than 250 physicians, with a team of accountants specializing in the health and medical fields. The firm also has an extensive commercial practice, servicing a variety of clients with a focus on closely held businesses. The firm’s commercial clients include manufacturers, wholesalers, retailers, construction, real estate, agriculture, non-profits and employee benefits plans.
“O’Connor Davies is a highly regarded and growing firm that provides our professionals with the strong infrastructure and resources to continue delivering the highest value for our clients,” said Stanley Marks managing partner Alan Marks. “This is not only a great culture fit but a great capability fit that we believe will be a catalyst for future growth. We’re thrilled to join a firm with such a longstanding reputation for quality and integrity.”
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