Aprio, a Top 100 accounting firm based in Atlanta, has merged in Leaf, Miele, Manganelli, Fortunato & Engel LLC, which also goes by Leaf Saltzman, a firm in Fairfield, effective June 1.
Financial terms of the deal were not disclosed.
Leaf Saltzman’s 32 team members, including five partners, will join Aprio and expand its Northeast practice. In addition, existing Leaf Saltzman clients will have access to Aprio’s full breadth of capabilities to help them successfully manage their financial future. Aprio has more than 900 staff members.
For more than 45 years, Leaf Saltzman has provided comprehensive accounting and financial services to clients across the Northeast serving a wide range of industries, including manufacturing and distribution, construction and real estate, professional services, international and private equity.
Aprio’s comprehensive portfolio of services, combined with Leaf Saltzman’s capabilities and strong regional presence, will provide clients with the opportunity to take advantage of valuable federal research & development credits, simplify state tax compliance, protect data and valuable intellectual capital, as well as outsource their accounting needs so they can focus on accelerating business growth.
Leaf Saltzman said it vetted several firms across the U.S. and identified Aprio as the strategic choice to scale its thriving client base for years to come.
“Since our firm’s inception, we’ve established strong personal relationships with our clients and the local community,” Larry Leaf, Leaf Saltzman’s managing partner and new National Trust & Estate leader at Aprio, said. “Together with Aprio, we will widen our breadth of capabilities and services, further priming the financial future of our clients, local communities and beyond.”
“The Northeast is a vital market for Aprio’s ambitious national growth strategy. The combination with Leaf Saltzman yields immense benefits for our combined client-centric team members and growing client base,” Adam Venokur, Northeast regional leader at Aprio, said. “We are honored to welcome Leaf Saltzman to the Aprio team and anticipate a seamless transition for our new clients.”
Ira Rosenbloom, chief operating executive of Optimum Strategies LLC, advised Aprio and Leaf Saltzman on the transaction.
Aprio ranked No. 35 on Accounting Today’s 2022 list of the Top 100 firms, with $171 million in annual revenue. Leaf Saltzman’s annual revenue was $8 million.