On June 13, Nawrocki Smith LLP of Melville, one of the largest Long Island‒based public accounting firms, announced the merger of Financial Appraisal Services of Hauppauge into its firm. Financial Appraisal Services is highly regarded in the field of business appraisal and valuation services, and will complement Nawrocki Smith's business valuation, forensic accounting, and dispute resolution practice.
"The demand for business valuation services has never been greater, particularly with unprecedented numbers of baby boomers selling their businesses and shoring up their estate planning," according to Michael Nawrocki, managing partner of Nawrocki Smith. "The merger of Financial Appraisal Services puts our firm in a very unique position to offer a comprehensive array of professional services to ensure our clients' long-range success and well-being."
"We are excited about the merger and look forward to the business opportunities it presents," added Joel Rakower, president of Financial Appraisal Services. "I look forward to those opportunities as well as the vast experience the Nawrocki Smith professional team will provide."