Clairmont, Paciello and Co. PC, a midsized accounting and financial services firm in King of Prussia, Pennsylvania, has acquired the tax and accounting practice of Dreslin and Co. Inc., of East Norriton, Pennsylvania, effective Nov. 1, 2020.
Clairmont, Paciello has five partners, 13 full-time associates and six part-time associates. Dreslin is adding one partner and four full-time associates.
“We are excited to join together our great teams to bring additional services and expertise to clients across the Delaware Valley,” said Clairmont Paciello president and shareholder Richard C. Capasso in a statement. “We made this decision after careful consideration based upon the compatibility of our client base and our similar emphasis on being the go-to tax and advisory resource to our clients.”
Clairmont, Paciello and Co. has been in operation since 1975 in the Philadelphia area and the Lehigh Valley of Pennsylvania, providing services such as financial planning, employee benefits and insurance, and management advisory services. It targets clients in the health care, legal, professional services, real estate, technology, manufacturing, construction, wholesale and not-for-profit sectors.
Dreslin and Co. dates back to the 1920s as a sole proprietorship, and grew to become a firm offering accounting, auditing, estate and income tax planning, and many management consulting services. As part of the deal, Dreslin’s team is moving into Clairmont’s offices in King of Prussia this month.
“Our firms complement each other in terms of services and expertise,” said Dreslin managing partner Paul Farrell in a statement. “What’s more, we share similar values and a commitment to service excellence.”
Financial details of the deal were not disclosed. To help arrange the transaction, the firms consulted with Ira Rosenbloom, chief operating executive of Optimum Strategies, a strategic CPA firm adviser to small to midsize accounting practices across the Mid-Atlantic region.
