M&A roundup: PKF O’Connor Davies and Ryan expand
Details: PKF O’Connor Davies, a Top 50 company based in New York, has acquired Simon, Tapper, Edelman & Wilner, a company in Hackensack, Jersey, strengthening PKFOD’s presence in the Garden State.
STE&W offers tax, advisory and accounting services, including retirement, estate and business succession planning, tax preparation, IRS representation, financial forecasting and projections , cash flow and budget analysis, as well as audits, reviews and compilations.
“We are excited about the company’s continued growth, and we sincerely believe that our culture, approach and infrastructure have made PKF O’Connor Davies a destination for like-minded professionals,” said Kevin J. , Executive Chairman of PKF O’Connor Davies. Keane in a statement Friday. “With their many years of experience providing one-on-one accounting and tax support to a diverse set of clients, the STE&W team is the perfect complement to the PKF O’Connor Davies team. I look forward to welcoming them and their clients to the firm.
Financial terms of the deal were not disclosed. STE&W’s annual revenue is approximately $5 million and the company employs five partners and 20 staff. They will join the PKFOD office in Woodcliff Lake, New Jersey later this year. PKFOD ranked #27 on accounting todayfrom the 2021 list of the Top 100 Companies, with annual revenue of $202 million and more than 1,400 professionals.
“Customer relationships have always been the foundation of our business, and PKF O’Connor Davies’ shared belief in the value of high-quality service is one of the many reasons this partnership is poised. to succeed,” STE&W partner Stuart Tapper said in a statement. “Together, our clients can expect an unparalleled level of support guided by a mutual commitment to accounting excellence.”
In December, PKFOD acquired another New Jersey company, LB Goodman & Co., in Fair Lawn, New Jersey. In November, he added DGC LLP (formerly DiCicco, Gulman & Co.), a Boston-based accounting, tax and consulting firm.