Rothstein Kass CPAs has acquired the assets of San Francisco-based Stadtler, Rosenblum & Saris in a deal effective July 1.
Financial terms of the deal were not disclosed, and SRS will now operate under the Rothstein Kass name.
SRS is a midsized accounting and consulting firm that has served clients in the San Francisco Bay Area for more than 25 years. Its primary industry specializations include real estate, technology and professional services. Both of the firm's managing principals, Sander Stadtler and Anthony Saris, will join Rothstein Kass as principals and focus on building the firm's commercial services practice.
"With increased opportunities among commercial businesses, it was necessary to investigate ways to meet the needs of that steadily growing sector," said Rothstein Kass co-managing principal Steven A. Kass, in a statement. "This acquisition allows for us to broaden the scope of business we conduct among San Francisco's alternative investment community."
Rothstein Kass opened its first northern California office in Walnut Creek in 2000 in order to serve an evolving alternative investment market, notably providing service to hedge funds. The firm later opened a smaller office in San Francisco. Former SRS firm members will remain at their current location until the fall, when Rothstein Kass hopes to combine both staffs into a new location designed to reflect the look of the firm's East Coast operations.Rothstein Kass & Co. also has offices in Dallas, Denver, San Francisco, Beverly Hills, Walnut Creek, Calif., and the Grand Cayman Islands, and employs more than 600 people. The firm was ranked No. 31 on Accounting Today's 2006 list of Top 100 Firms, with estimated revenues of $67.1 million.
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