PKF O’Connor Davies has added 16 professionals, including three partners, from Scialo, Reimann & Varley CPA, effective Jan. 1, 2017.
SRV CPA, based in Suffern, N.Y., specializes in servicing real estate businesses, broker-dealers and manufacturers. The deal is the latest in a series of mergers for PKF O’Connor Davies as the New York-based firm expands across the Northeast and Washington, D.C. PKF O’Connor Davies ranked 26th on Accounting Today’s 2016 list of the Top 100 Firms, with $126 million in annual revenue.
“We are thrilled to welcome each of these new members to the PKF O’Connor Davies team,” said managing partner Kevin J. Keane in a statement. “We continually look to add to the depth of expertise in key specialty areas so that we can meet the changing demands of our clients and maintain our position as a valued business partner. These new professionals bring a tremendous level of ability and experience, and they’re also a great culture fit. This is an exciting day for our firm, these professionals and, most importantly, our clients.”
The firm has added more than 160 professionals in the past two years. In January, O’Connor Davies merged in Flackman, Goodman & Potter, a New Jersey-based firm, and in February it rebranded as PKF O’Connor Davies to reflect the name of its accounting network. Last year, O’Connor Davies acquired Daniel J. McMahon Company in Chappaqua, N.Y., and merged in McEnerney, Brady & Co. of Livingston, N.J., and Stanley Marks & Company of Newburgh, N.Y.
SRV sees advantages in joining forces with the fast-growing firm. “Joining forces with PKF O’Connor Davies was a natural move,” said SRV CPA partner and president Joseph Scialo in a statement. “We share a commitment to providing the highest levels of client service and now, as a part of PKF O’Connor Davies, we are able to bring that dedication to a larger and more diverse group of clients.”
