M&A roundup: PKFOD and Hood & Strong expand

PKF O'Connor Davies, a Top 50 Firm based in New York, has added Archambault & Associates, a firm in Wakefield, Massachusetts, that specializes in trust and estate matters and private client group services, effective Jan. 1, 2023.

As part of the deal, Archambault principal and managing director Susan Archambault and her four employees will join PKFOD's office in Woburn, Massachusetts. Financial terms of the deal were not disclosed. PKF O'Connor Davies ranked No. 26 on Accounting Today's 2022 list of the Top 100 Firms, with $252 million in annual revenue, over 150 partners and more than 1,100 employees. Archambault & Associates is a $1.5 million, five-member firm.

"The addition of the Archambault & Associates team to our Woburn office presents a valuable opportunity to strengthen our specialty tax expertise and grow our client base in the New England market," said Laurie Austin, New England co-managing partner at PKF O'Connor Davies, in a statement Wednesday. "Archambault & Associates prides itself on the close, personal relationships its team has forged with clients. I'm confident the expanded resources, connections and expertise the team now has access to will only strengthen those relationships in the years ahead."

Archambault & Associates was founded in 1991, and offers services for both individual and fiduciary clients, including personal, estate, gift, trust and business tax matters. The firm handles estate taxation and administration, trust funding and administration, tax preparation, tax planning, IRS representation, tax cost accounting, fiduciary accounting, and asset consolidation and simplification. 

Last February, PKFOD added Judelson, Giordano and Siegel CPA, a firm in Middletown and Poughkeepsie, New York, and Simon, Tapper, Edelman & Wilner, a firm in Hackensack, New Jersey. In 2021, it acquired another New Jersey firm, LB Goodman & Co., in Fair Lawn, and added DGC LLP (formerly DiCicco, Gulman & Co.), in Boston.