Two Rhode Island firms announced a merger deal that will be effective as of Jan. 1. Terms of the deal were not disclosed.
The firm created in the deal between Providence-based Sullivan & Co. CPAs LLP and Cranston-based Syner, Cavallaro & Cabral LLP will continue to be known as Sullivan & Co. The combined firm will have 72 accountants working with clients in a variety of industries, including health care, real estate, construction, manufacturing, wholesale distribution and nonprofits.
Timothy J. Sullivan, managing partner at Sullivan, said that the move will allow his firm to expand its services. The firm works with clients primarily in the Rhode Island and southeastern Massachusetts region, and will stay at Sullivan's current Providence offices.
"We have differing backgrounds, differing specialties," said Syner, Cavallaro & Cabral Managing Principal David J. Syner, whose firm employs about 20, in a statement. "I think the two companies together will be a very formidable force."
The merger is the latest in a series of transactions that have brought together local accounting firms over the last few years.
