More Firms Combine – Goal is Long-term Growth

Mergers have been announced recently in Indiana and Connecticut between firms with similar cultures looking to expand their existing client service capabilities and establish a stronger presence in their regions.


Advertisement



Indianapolis-based accounting firms Zurface, Sanders & Rasor and LM Henderson & Company PC have merged to form LM Henderson and Company, LLP. The new firm, with five principals and 20 certified public accountants, will become the 15th largest accounting firm in Indianapolis.

Two central Connecticut firms, Mahoney, Sabol & Company LLP and Gomola & DiBella, LLP, of Middletown, combined last week and will keep the Mahoney Sabol & Company name. The new firm, which employs more than 30 tax and accounting professionals, has offices in Glastonbury, Essex and Somers, in addition to Middletown.

LM Henderson principal Bill Blaser said “This merger gives us the size to take on larger engagements, while allowing us to deliver the high-quality personalized service that enabled both firms to thrive.” The new firm will also provide greater career opportunities for employees, he said. “The larger firm environment will give our employees a greater chance for upward mobility.”

Both Indianapolis firms offered highly personalized accounting tax and consulting services, Mike Rasor, principal said. “We are confident this culture will help our clients and staff continue to grow.”

James Mahoney, partner in Mahoney, Sabol & Company, said, “This merger brings two complementary firms together, greatly expands our Middletown presence and further strengthens our service capabilities in the central Connecticut and Middlesex County markets. . . . We couldn’t be more excited to welcome Gary Gomola and his staff to our family.”

"I am proud to be merging with a firm that I have always respected and admired as a friendly competitor,” Gomola said. “By combining forces we can now bring our collective skills to bear for current and future clients.”

Mr. Gomola is a Certified Valuation Analyst, in addition to being a CPA and specializes in computer technology and the Internet.

Mahoney, Sabol & Company provides comprehensive audit, tax, business valuation and consulting services.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.