Accounting firm Sanford Baumeister & Frazier has acquired the CPA practice of Kent Altaras for an undisclosed sum as Altaras prepares for retirement.

Under the agreement, substantially all of Altaras's clients from his former firm, Altaras & Thompson, will become clients of SB&F. Altaras effectively sold his book of business to SB&F on Dec. 17, according to spokesperson Lauren Kwedar. His partner George Thompson will continue business as usual with his own clients.

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