Agreement creates Central New York's largest CPA firm
Two prominent CPA firms will merge to form Central New York's largest accounting and consulting organization. The Bonadio Group and Testone, Marshall & Discenza will finalize their new arrangement on January 1, and will operate under the Bonadio name. The merger brings the firm to more than 600 people, and likely a few places up on the Accounting Today list of top 50 firms in the nation.
In Central New York, the combined firm will have more than 130 employees - including 15 partners - in its Syraucse, Utica and Geneva offices. Donald Taylor will serve as office managing partner, and later in 2015, Bonadio employees in Syracuse will move to TMD's offices at The Foundry on North Franklin Street.
"The national trend of CPA firm mergers is reaching Central New York, and we're excited to lead the way with The Bonadio Group," said Frank Discenza, managing partner of Testone, Marshall & Discenza. "This merger comes at an opportune time, because both of our firms are prepared to offer more to clients in Central New York, and together we have the professionals and the services to help them solve problems and grow."
"This is a very important merger for us," said Thomas Bonadio, CEO and managing partner of The Bonadio Group. "Together with TMD, we will offer more ideas and opportunties to clients, and more advancement for our people. Our firms are an excellent cultural fit, and we are aligned in our business and client-service philosophies. That's a recipe for combined success."
Donald Taylor, Syracuse office managing partner for The Bonadio Group, stated, "All of us in the Syracuse office are very eager to get started with our new colleagues from TMD, and it's a bonus that we may be the largest CPA firm in the region. That will definitely help our visibility."
About The Bonadio Group
Founded in 1978, The Bonadio Group is a nationally ranked Top 50 CPA firm offering accounting, business advisory, and personal financial services to clients of all sizes. The firm's professionals deliver practical, proactive, and innovative solutions to help clients reach their financial, compliance, management, and personal goals. Bonadio is the largest independent provider of audit, tax and management advisory services in upstate New York - with offices in Albany, Batavia, Buffalo, East Aurora, Geneva, New York City, Rochester, Syracuse, Utica and Rutland, VT. For more information, visit www.bonadio.com.
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