PKF O’Connor Davies merges in GKG CPAs

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Top 100 Firm PKF O’Connor Davies has acquired Chestnut Ridge, N.Y.-based accounting firm GKG CPAs. The transaction expands the New York City firm’s expertise in key areas, including transportation, food manufacturing and processing, employee benefit plans, and not-for-profits.

Financial terms were not disclosed. PKF O’Connor Davies ranked No. 28 on Accounting Today’s Top 100 Firms list, with $150 million in revenue in 2017. Six GKG partners and about 40 employees will join PKF O’Connor Davies, with some moving to the firm’s Woodcliff, N.J. office and others remaining in GKG’s office in Newburgh, N.Y. GKG also operated a third office in White Plains, N.Y.

“GKG is perfect fit for the firm’s strategic growth goals,” said Kevin Keane, PKF O’Connor Davies managing partner, in a statement. “We’re eager to work with like-minded individuals with a strong dedication to serving clients, and GKG has demonstrated that commitment over the years. We welcome the GKG team and look forward to their efforts to expand the firm’s knowledge and services in critical practice areas.”

Established 25 years ago, GKG provided business consulting, tax and estate planning, auditing, reviews and compilations, and accounting and financial management services to middle and large-market businesses and individuals. PKF O’Connor Davies has nine offices in four states in the Northeast and Washington, D.C. regions.

“PKF O’Connor Davies has a strong reputation for its industry-leading practices and unmatched focus on client service,” said GKG managing partner Donald Karlewicz in a statement. “We’re thrilled to join forces with an established and internationally renowned firm.”

Joe Tarasco, CEO of Accountants Advisory Group, facilitated and advised both firms on the transaction.

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