Chicago-Area Firms Pacion Ajder and Lipschultz, Levin & Gray Merge

By Frank Byrt

The Chicago accounting firm of Pacion Ajder PC merged into the Northbrook, Illinoisbased practice of Lipschultz, Levin & Gray, LLC (LLG) effective February 1, according to a press release from LLG. 
 
The combined firm, which now includes nineteen CPAs, will operate out of LLG's Northbrook headquarters and a Michigan Avenue office in Chicago, which was the office of Pacion Ajder. 
 
Terms of the deal were not disclosed.
 
"We are excited to have Eugene Pacion join our team," said Bill Finestone, LLG's managing partner, in the press release. "He will help us to better serve our growing practice. We are committed to continuing the high level of service and expertise that are synonymous with LLG. Gene will add over forty years of experience and knowledge to LLG's advisory team and allow the professionals at LLG to further support his daily accounting and tax duties. Some of Gene's specialties include manufacturing and real estate."
 
LLG's accounting services expertise is in the areas of manufacturing, distribution, real estate, and professional practices, and it also provides services to US-based subsidiaries of foreign companies, Finestone told AccountingWEB.   
 
Finestone said that the Pacion's experience will mesh with those of his firm. "The driving force behind this [merger] is that [Pacion's] skill set fits our organization, and we are able to provide some support he did not have before."
 
"Keeping the quality of services to our clients high is and always has been our number one concern," said Pacion, in the press release. "Becoming a part of LLG will allow us to provide a wider range of services to our valued clients. LLG shares our philosophy of helping clients grow and succeed. The merger will allow us to offer more specialized business advice tailored to our clients." 
 
LLG was founded in 1944.
 

You may like these other stories...

This summer, Patrice C. Washington, founder and CEO of the personal finance training and development firm Seek Wisdom Find Wealth, and Money Maven of the Steve Harvey Morning Show, had an experience that's fairly common...
It's not a reality—yet—but accounting software is poised to eliminate accountants. We are at a tipping point for many similar professions: online education replacing professors, legal software replacing...
Inversions: Loophole Is the ProblemJacob J. Lew, the U.S. Treasury Secretary, published an opinion piece in the Wall Street Journal that "the system has become full of inefficiencies and special-interest loopholes. That...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.