Aprio acquires two firms

Aprio, the 2023 fastest growing firm, announced that New Jersey and Maryland firms Tobin & Collins and Squire, Lemkin + Co. would merge with the firm in a strategic combination, effective June 1. 

The financial terms of the deals were not disclosed, but Aprio will now gain Tobin & Collins' 43 team members and four partners, as well as SL+Co's 25 team members and five partners. This partnership will provide Aprio with further expertise in industry segments and allow the firm to leverage Tobin & Collins and SL+Co's current services and specialty areas to improve client and employee experience.

According to Richard Kopelman, CEO and managing partner at Aprio, Tobin & Collins  will broaden Aprio's national real estate segment, while SL+Co will drive growth in the Mid-Atlantic region, with a focus on high net-worth clients and expanded professional services. In a statement, he also noted they were brought together by their like-minded cultures and the merger would help the real estate client roster grow in the Northeast, along with the estates and trusts field.

"A large factor in Aprio's ambitious growth strategy is connecting with like-minded firms as committed as Aprio is to be a top CPA and advisory firm and creating exceptional experiences for their people and clients," said Kopelman. "When we connected with Tobin & Collins and SL+Co at the start of this year, it was evident that we could reinforce our people-first, purpose-driven culture and navigate what's next together as one firm."

Located in Hackensack, Tobin & Collins has served clients in the New Jersey and New York metropolitan areas for more than 50 years. It serves real estate entrepreneurs, high-net-worth individuals and privately held companies in a broad range of industries.

"Joining Aprio is an exciting new chapter for our firm as we look forward to the future and providing expanded capabilities and impactful opportunities for our clients," said Kevin Collins, Tobin & Collins managing partner, in a press release.

Founded in 1997, SL+Co is a Rockville-based boutique CPA firm that specializes in tax advisory, business consulting, and accounting focused on high-net-worth and privately-held businesses and their owners. The former SL+Co office will join the existing Mid-Atlantic team, increasing Aprio's presence in the D.C. metro area to more than 375 professionals.

"Our core values of mutual respect and open, honest communication reflect themes within Aprio's 31 fundamentals, and that alignment is key to the future of our firm and our dedication to our clients while providing them with an overall comprehensive experience," said Bart Lanman, SL+Co's former managing partner, in a statement. 

Since rebranding in 2017, Aprio has grown to become the 26th largest accounting firm and has completed more than 19 strategic mergers and acquisitions in the last five years, including Aronson, LBA Haynes Strand, Leaf Saltzman, RINA and Tarlow and Co. The firm had $318 million in annual revenue last year.