M&A roundup: Double mergers, and more

January 16, 2020 5:04 PM

Top 100 Firm UHY Advisors and UHY LLP merged in Pattison, Koskey, Howe and Bucci, CPAs; MBAF expanded its tax and accounting practice by adding Kramer & Associates; and Fiondella, Milone & LaSaracina merged in Viola Chrabascz Reynolds and Formica & Dobkin.

(From l to r): Nancy Patzwahl, A. Michael Bucci, Howard Foote (office MP, Capital Region, UHY), and N. Thérèse Wolfe

Photo: Matthew LaFortune, UHY LLP

NEW YORK: UHY merges in PKHB

Details: Top 100 Firm UHY Advisors and UHY LLP have expanded their presence in the Northeast by merging in the professional services firm Pattison, Koskey, Howe and Bucci CPAs, headquartered in Hudson, New York, effective Jan. 1, 2020.

The deal adds 50 professionals and staff members to UHY. Financial terms were not disclosed.

The merger developed over several years after the firms collaborated on serving several clients. The deal will add offices in Hudson, Kingston and Catskill, New York, to UHY. As part of the deal. A. Michael Bucci, Matthew VanDerbeck and Bradley Cummings will join UHY as partners. One of PKHB’s founders, Richard Koskey, is also joining UHY as a principal, along with Nancy Patzwahl, Suzanne Muldoon, Gary Newkirk, Therese Wolfe and Jean Howe Lossi.

Earlier this month, UHY expanded in Michigan by acquiring Stewart, Beauvais & Whipple in Port Huron. UHY Advisors is now headquartered in Michigan and UHY LLP is now headquartered in New York.

(Pictured, l-r): Nancy Patzwahl, A. Michael Bucci, Howard Foote (office MP, Capital Region, UHY), and N. Thérèse Wolfe

FLORIDA: MBAF adds Kramer & Associates

Details: MBAF, a Top 40 Firm based in Miami, has merged in Kramer & Associates PA, an accounting and business-consulting firm, effective Jan. 16.

As part of the deal, five full-time professionals from Kramer & Associates will join MBAF, supplementing the firm’s expertise in industries such as real estate, high-net-worth individuals, restaurants, service organizations, retail establishments, security companies, wholesale distributors, insurance entities and more. The Kramer & Associates team will work out of MBAF’s Coral Gables office.

Financial terms were not disclosed.

CONNECTICUT: FML does double merger

Details: Fiondella, Milone & LaSaracina, a firm based in Glastonbury, has merged in Viola Chrabascz Reynolds and Formica & Dobkin PC, expanding by 40 percent at the start of the year.

Viola Chrabascz Reynolds has offices in Enfield, Simsbury, and Stafford Springs, while Formica & Dobkin PC is based in Berlin, Connecticut. The mergers aim to create a larger tax, assurance, and advisory firm with the ability to provide a wider array of services and expertise to clients. Financial terms were not disclosed.

The combined firm will retain the FML name and branding as the Formica & Dobkin staff join the FML main office in Glastonbury, operating as “F&D, a division of FML.” The three VCR offices will remain open and operate as “VCR, a division of FML.” FML will now have a statewide network of six offices.

FML was founded in 2002 by Jeff Fiondella and two colleagues from Ernst & Young, Frank Milone and Lisa (LaSaracina) Willauer. Over the past 17 years, FML has grown to a nine-partner firm with 28 CPAs and 65 total staff members.

Viola Chrabascz Reynolds has been an independent accounting firm operating out of north-central Connecticut since 1967. Three partners and 14 staff will join FML.

Formica & Dobkin has been providing tax and advisory services to clients in Berlin since 1982.

The newly expanded FML will include 13 partners and 36 CPAs, with a total of 84 staff.