Philadelphia-based Parente Randolph has combined with Lazar Levine & Felix in a $16 million merger, expanding its footprint in New Jersey and New York City. As part of the deal, Lazar Lipton Valuation Services, an affiliate of the firm, will become a division of Parente Randolph. The deal will increase Parente to 650 members, including 82 principals."[The merger] really started with our strategic planning process several years ago," said Parente Randolph chairman and chief executive Robert Ciaruffoli. "We made the decision to become the go-to firm in the mid-Atlantic region, which we defined from New York City to Washington, D.C."
Parente Randolph ranked 36th on Accounting Today's 2009 Top 100 Firms roster with $74.3 million in revenue.
